China News Service, Hong Kong, March 28th. The second "Yuze Xiangjiang" Summit Forum was held in Hong Kong on the 27th. More than 400 family business representatives and wealth managers attended. During the "Classic Brands and Inheritance" discussion session of the forum, Adrian Cheng, Chairman of the Hong Kong Wealth Heritage Institute, said that Hong Kong is an ideal place for international family offices (referred to as "International Family Offices") and a bridge for "International Family Offices" to enter the Chinese market. .
At the second "Yu Ze Xiangjiang" summit forum held on March 27, Adrian Cheng (second from left), chairman of the Hong Kong Wealth Heritage Institute, talked with a number of international family office decision-makers. Photo courtesy of the Information Department of the Hong Kong SAR Government
Adrian Cheng said that Hong Kong has a unique advantage that is not available elsewhere, which is that Hong Kong has wealth management experience in family businesses spanning three to four generations. Many family businesses in Hong Kong have been run for three to four generations. Over the past few decades, they have cultivated wealth management talents with rich experience and served multiple family generations.
He also said that Hong Kong is the bridge to enter the huge market of the Guangdong-Hong Kong-Macao Greater Bay Area and mainland China. In addition, Hong Kong is not limited to traditional wealth management, but also has a variety of investment types, including impact investment, philanthropy, and cultural and arts investment. He pointed out that Hong Kong is the second largest art auction market in the world, where funds, art and luxury goods from all over the world gather. Art storage facilities are being built at Hong Kong International Airport.
It is understood that the second "Yue Ze Xiangjiang" summit forum was hosted by the Financial Services and the Treasury Bureau and Invest Hong Kong of the Hong Kong SAR Government. The theme was "Steer the Wind" and attracted more than 400 people from Asia, Europe, America and the Middle East. Global family office decision-makers and their teams attended the meeting. (over)