Tax filling - Hong Kong holding company

[pat_togo]

I have a question regarding profits tax filling for a Hong Kong holding company which has two subsidiaries (also HK companies). The holding company has also a bank account and some income on its own.

Can I file just one tax+audit for the holding company that would include the subsidiaries? If that is the case, can I use a single set of books and reports or should each company has its books and statements prepared separately? Any advice would be much appreciated!

[Oldtimer]

Hong Kong Law requires each limited company to file separate audited accounts. Profit of one cannot be used to offset loss of another. Also Hong Kong does not recoganize Holding Company.