FamilyOfficeHK

𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐄𝐦𝐞𝐫𝐠𝐞𝐬 𝐚𝐬 𝐚 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐞𝐧𝐭𝐞𝐫 𝐢𝐧 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 Hong Kong is emerging fast as one of the most attractive global fintech hubs. In the first half of this year, among the top 10 fintech deals in the Asia-Pacific region, 3 were in the Mainland and 2 in Hong Kong. For those seeking the fintech opportunities of tomorrow, Hong Kong is the place to be. A recent KPMG report highlights that many investors see fintech solutions as opportunities, enabling them to make more autonomous investment decisions. With over 1,100 fintech and Web3 companies operating in Hong Kong, the city continues to evolve, ensuring its agility and relevance on the global stage. Family offices worldwide are increasingly exploring fintech, with nearly half considering investments in this transformative sector. Hong Kong’s thriving fintech ecosystem offers a broad spectrum of opportunities—from blockchain to AI—well-suited to the bespoke, long-term investment strategies of family offices. As Hong Kong strengthens its position as a global hub for innovation and investment, it provides family offices with unique access to high-growth ventures and emerging technologies. The city's dynamic fintech landscape continues to offer exciting possibilities for investors looking to stay ahead in a rapidly changing financial world. #InvestHK #Fintech #HongKong #Innovation #InvestmentOpportunities

𝐏𝐢𝐯𝐨𝐭𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫 Hong Kong is embracing the future with a dynamic pivot towards innovation and sustainability. As a well-established business hub, the city is not only maintaining its status but is actively fostering sustainable development through the support of start-ups in the technology and innovation sectors. Our 2023 Startup Survey revealed record-high figures, with 4,257 start-ups employing a total of 16,453 staff. In recognition of its burgeoning start-up ecosystem, Hong Kong has been awarded the title of Asia's No. 1 and the world's No. 2 in the top 100 emerging ecosystems according to the Global Startup Ecosystem Report 2023. This accolade highlights the synergistic relationship between legacy corporations and new ventures, creating a sustainable pathway for investments. Start-ups in Hong Kong enjoy a vibrant network of incubators and accelerators, a pool of experienced angels and venture capitalists, and a welcoming community of fellow entrepreneurs. The remarkable resilience and continued growth of Hong Kong's start-up ecosystem are a testament to its attractiveness. Our strong entrepreneurial culture further reinforces Hong Kong's position as a launchpad for start-ups seeking to access the Guangdong-Hong Kong-Macao Greater Bay Area and the broader Asian market.       #InvestHK #Startups #Technology #HongKong #familyoffice #investment #ecosystem  

𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠'𝐬 2024 𝐏𝐨𝐥𝐢𝐜𝐲 𝐀𝐝𝐝𝐫𝐞𝐬𝐬 - 𝐀𝐝𝐯𝐚𝐧𝐜𝐢𝐧𝐠 𝐖𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐅𝐚𝐦𝐢𝐥𝐲 𝐎𝐟𝐟𝐢𝐜𝐞𝐬  The Chief Executive's 2024 Policy Address has made public a robust strategy to strengthen Hong Kong’s status as a global financial hub, particularly in wealth management and financial services. The government has announced a series of measures which are designed to attract more investors, family offices, and corporations to Hong Kong. Tax incentives The government will consult the industry on the proposal to add qualifying transactions eligible for tax concessions for funds and single‑family offices. Cross-boundary financial services The government is working on expanding the scope of Cross-boundary Wealth Management Connect Scheme and will facilitate members of the public in making cross‑boundary transactions and payments. New Capital Investment Entrant Scheme The New Capital Investment Entrant Scheme (New CIES) allows investments in residential properties valued at a minimum of HKD 50 million, further attracting global investors. The scheme also includes private companies wholly owned by applicants, which will be counted toward the value of permissible investment with effect from March 2025. As we embrace these developments, Hong Kong aims to become the world’s largest cross-boundary wealth management centre by 2028, and the measures mentioned in the Policy Address, such as expanding markets and deepening overseas networks, collaboration with sovereign wealth funds and the expansion of cross-boundary financial services, will provide significant momentum toward achieving this goal. Furthermore, the tax concession measure will also play a significant role in attracting family offices and fostering a vibrant ecosystem.   #InvestHK #NewCIES #FamilyOffices #PolicyAddress #Taxconcessions #Crossboundary

𝐅𝐚𝐦𝐢𝐥𝐲𝐎𝐟𝐟𝐢𝐜𝐞𝐇𝐊 𝐬𝐡𝐚𝐫𝐞𝐬 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐚𝐦𝐢𝐥𝐲 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 2024 FamilyOfficeHK was pleased to attend the Standard Chartered Private Bank Global Family Network 2024, bringing together influential families from across Asia, the Middle East and Europe. Justin Rockefeller, who comes from the American Rockefeller family, also attend this event. Rockefeller is considered one of the ten wealthiest families in the world. Mr. Jason Fong, Global Head, Family Office of Invest Hong Kong, shared valuable insights in this Global Family Network. During the panel discussion joined with PwC’s Carrie Tang, Zhong Lun Law Firm’s Clifford Ng and moderated by Standard Chartered’s Joe Lee, they engaged in a thorough discussion about what Hong Kong offers to global businesses and families from legal, tax, and succession perspectives. Jason emphasised that Hong Kong's strategic location as a gateway between East and West provides family offices with unparalleled access to investment opportunities due to its favorable legal, tax, and regulatory environment. As the global family office hub, Hong Kong will continue to welcome investors from around the world. He also pointed out that the supportive government initiatives have made Hong Kong an attractive destination for family offices. The event also highlighted the future and prospects of family offices in Hong Kong and how the city continues to evolve as a premier wealth management hub. #FamilyOfficeHK #HongKong #GlobalFamilyNetwork #Family #StandardChartered #Privatebank #StandardcharteredGlobalPrivateBanking

𝐋𝐞𝐠𝐚𝐜𝐲 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 2024 - 𝐓𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐏𝐡𝐢𝐥𝐚𝐧𝐭𝐡𝐫𝐨𝐩𝐲 FamilyOfficeHK has participated in the Legacy Conference 2024 yesterday. This signature event of the Legacy Academy served as a vital platform for knowledge sharing among business owners, family offices, and professionals. This year, the conference was themed “Legacy in Impact Philanthropy,” aiming to position Hong Kong as a philanthropic centre while co-creating the impact of philanthropy on family legacies and family offices for a better future. The discussions focused on fundamental issues such as how philanthropy could enhance family legacy and the critical success factors that enabled family offices to create enduring impact for future generations. Mr. Jason Fong, Global Head, Family Office of Invest Hong Kong, has been invited to speak at this conference, and highlighted “Establishing Hong Kong as a philanthropic centre was crucial for benefitting a better future for family offices and family businesses. Hong Kong's historical philanthropy background acted as an indispensable area in strengthening family legacies.” We have been actively promoting Hong Kong as a global hub for family offices keen on philanthropic initiatives that positively impacts their communities and societies. #FamilyOfficeHK #LegacyConference #Legacy #Philanthropy #HongKong

𝐒𝐡𝐞𝐧𝐳𝐡𝐞𝐧-𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠-𝐆𝐮𝐚𝐧𝐠𝐳𝐡𝐨𝐮 𝐂𝐥𝐮𝐬𝐭𝐞𝐫 𝐒𝐡𝐢𝐧𝐞 𝐚𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐢𝐧 𝐖𝐈𝐏𝐎'𝐬 2024 𝐈𝐧𝐝𝐞𝐱 Beyond its renowned financial prowess, Hong Kong is establishing itself as a powerhouse of innovation. For the 5th consecutive year, the Shenzhen-Hong Kong-Guangzhou cluster has ranked 2nd globally in the World Intellectual Property Organisation's (WIPO) Global Innovation Index 2024, highlighting its strength as a top science and technology cluster. This impressive ranking is underpinned by the cluster's remarkable performance in patent filings and scientific research publications, with over 2,300 Patent Cooperation Treaty applications filed per 1 million inhabitants. Such achievements showcased our commitment to actively promote I&T development by strengthening basic research capabilities, enhancing the local I&T ecosystem, accelerating the transformation and commercialisation of research and development(R&D) outcomes, and promoting new industrialisation to accelerate the cultivation of new quality productive forces in accordance with local strengths. More than an enormous consumer market, the Greater Bay Area is rapidly developing into an international innovation and technology centre, by converging Hong Kong's solid R&D capabilities and the Mainland's prowess in innovation and advanced manufacturing. #HongKong #Innovation #FamilyOffices #Investment #GBA #WIPO

𝐅𝐒𝐓𝐁 𝐚𝐧𝐝 𝐁𝐥𝐨𝐨𝐦𝐛𝐞𝐫𝐠 𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐞𝐧𝐡𝐚𝐧𝐜𝐞 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠'𝐬 𝐟𝐚𝐦𝐢𝐥𝐲 𝐨𝐟𝐟𝐢𝐜𝐞 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 The Financial Services and the Treasury Bureau (FSTB) has collaborated with Bloomberg to establish the Hong Kong Family Office Nexus, aimed at attracting global family offices and enhancing the city's status as a premier global asset and wealth management hub around the world. This strategic collaboration will focus on four key pillars: community building, knowledge sharing, technology support, and philanthropic collaboration. #InvestHK #FamilyOfficeHK #FamilyOfficeNexus #Bloomberg #Ecosystem

𝐍𝐞𝐰 𝐂𝐡𝐞𝐜𝐤𝐩𝐨𝐢𝐧𝐭𝐬 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐚𝐧𝐝 𝐒𝐡𝐞𝐧𝐳𝐡𝐞𝐧 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐚𝐭𝐞 𝐂𝐫𝐨𝐬𝐬-𝐁𝐨𝐫𝐝𝐞𝐫 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐬 As Hong Kong continues to enhance its role as a vital gateway for investment into mainland China, the recent upgrades and establishment of new checkpoints between Hong Kong and Shenzhen are pivotal. These developments are designed to facilitate cross-border exchanges, reflecting the increasing business interactions between the two regions. The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is set to cater specifically to the growing demand for business exchanges driven by both companies and residents of Hong Kong. Meanwhile, the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone will focus on fostering scientific and technological research exchanges, reinforcing Hong Kong's position in innovation. Additionally, upgrading existing checkpoints like Huanggang Port and Sha Tau Kok Port will alleviate the pressure from rising cross-border travel demands. This strategic co-development not only enhances connectivity but also significantly boosts Hong Kong's economic participation within the Greater Bay Area. As we look ahead, these enhancements in infrastructure will undoubtedly increase the communication and exchanges between the two places, strengthening the city's status as a premier gateway to access to China's vast market. #HongKong #Investment #GreaterBayArea #Shenzhen #CrossBorderTrade #Innovation #checkpoint #exchanges

𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠: 𝐀 𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐮𝐛 𝐟𝐨𝐫 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐓𝐚𝐥𝐞𝐧𝐭 Hong Kong stands as a beacon of educational excellence and talent development. It is the only Asian city with as many as five universities in the world's top 100. Hong Kong is home to four universities ranked in World Top 10 most international universities, and three EMBA programmes listed in World Top 25. This impressive academic landscape not only offers extensive opportunities for students but also fosters professional growth across various industries. Hong Kong is also a vibrant city that offers a unique lifestyle and exceptional educational opportunities for families. With over 50 international schools, Hong Kong provides access to more than 10 national, world-class, and bespoke curricula, including British and Canadian systems. Students from over 30 nationalities come together in this dynamic educational landscape, fostering a community with global perspectives. A major core competitiveness of Hong Kong lies in its distinguished talents. The city is poised to continue its trajectory as an international education hub and cradle for future leaders, family offices and much more. #InvestHK #HongKong #Education #FamilyOffices #FutureLeaders #GlobalTalent #EducationHub #University #EMBA #Internationalschool

𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐑𝐚𝐧𝐤𝐞𝐝 𝐚𝐬 𝐀𝐬𝐢𝐚'𝐬 𝐓𝐨𝐩 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐞𝐧𝐭𝐫𝐞 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐞𝐧𝐭𝐫𝐞𝐬 𝐈𝐧𝐝𝐞𝐱 Hong Kong has risen to third place globally and ranked first in Asia in the latest Global Financial Centres Index (GFCI) 36 Report, published on September 24, 2024, by Z/Yen from the United Kingdom and the China Development Institute. This marks a significant advancement from its previous fourth place ranking earlier this year, reaffirming Hong Kong's status as Asia's leading financial hub for global family offices and asset owners. The report highlights Hong Kong's exceptional performance across various competitiveness metrics, including business environment, human capital, and infrastructure. Notably, Hong Kong ranked first globally in investment management. Hong Kong's ascent in the GFCI is not just a number but a testament to its resilience and potential for future growth in the global financial landscape. #InvestHK #HongKong #GlobalFinancialCentresIndex #GFCI #financialcentre #investment