Hongkong

In March this year, the SAR government proposed the establishment of a network for family office services in the “Policy Declaration on the Development of Family Office Business in Hong Kong”. Invest Hong Kong officially launched the Family Office Service Provider Network yesterday (12th), using a specially designed platform to promote Hong Kong as the preferred location for global family offices. The ceremony was officiated, and it was successfully held in Hong Kong Financial Conference Hall under the witness of representatives of regulatory agencies and industry associations. More than 100 representatives of family office professional service institutions participated in this event.

In his speech, Chen Maobo said that Hong Kong has a thriving financial ecology, top-notch financial infrastructure, and excellent professional service providers. In addition, it gathers investment opportunities from the mainland and around the world, so it is naturally an ideal place for global family offices to settle.

Xu Zhengyu said that the official launch of the family office service network marks an important milestone for the government to launch a series of measures to promote Hong Kong as a family office hub. Looking ahead, the government will strive to work with regulators and the industry to promote other new policy measures in the Policy Declaration, so as to promote the robust growth of the global family office and asset owner ecosystem in Hong Kong.

When talking about the mission and goals of the service network, Fang Zhanguang, Global Head of Family Office of Invest Hong Kong, said that the family office team of Invest Hong Kong is committed to playing a positive role in promoting the family office industry in Hong Kong. The determination of global family offices to settle in Hong Kong.

The SAR government is working hard to implement various policies and measures in the “Policy Declaration”, creating a competitive and favorable environment for global family offices and asset owners, and promoting the vigorous development of the family office industry. In addition to launching the service network, some other new measures include: the new “Capital Investor Entrant Scheme”, providing tax concessions, establishing the Hong Kong Wealth Inheritance Institute, promoting art storage facilities at the airport, and developing Hong Kong into a charity center, etc.

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