Econ :profit tax

No. They are different kind of source of tax income.

Profits
tax in Hong Kong is Direct tax
and also classified into Income tax.

According
to Cap 112 Hong Kong Ordinance - Inland Reveue Ordinance (in short, IRO)
Section 14, unless otherwise provided, profits tax shall be charged at the
standard rate on any person who
carries on a trade,
profession or business in Hong Kong and assessable profits arising in or
derived from Hong
Kong for a year of
assessment.

http://en.wikipedia.org/wiki/Profit_tax



A capital gains tax (abbreviated: CGT) is a tax charged on capital
gains, the profit realized on the sale of a non-inventory asset that was
purchased at a lower price. The most common capital gains are realized from the
sale of stocks, bonds, precious metals and property.

n
general Hong
Kong has no capital gains tax. However, employees who receive shares or
options as part of their remuneration are taxed at the normal Hong Kong income
tax rate on the value of the shares or options at the end of any vesting period
less any amount that the individual paid for the grant.

If
part of the vesting period is spent outside Hong Kong then the tax payable in
Hong Kong is pro-rated based on the proportion of time spent working in Hong
Kong[4].
Hong Kong has very few double tax agreements and hence there is little relief
available for double taxation. Therefore, it is possible (depending on the
country of origin) for employees moving to Hong Kong to pay full income tax on
vested shares in both their country of origin and in Hong Kong. Similarly, an
employee leaving Hong Kong can incur double taxation on the unrealized capital
gains of their vested shares.

The
Hong Kong taxation of capital gains on employee shares or options that are
subject to a vesting period, is at odds with the treatment of unrestricted
shares or options which are free of capital gains tax.

http://en.wikipedia.org/wiki/Capital_gain_tax#Hong_Kong