China News Service, Hong Kong, March 27 (Xinhua) Hui Ching-yu, Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, said on the 27th that Hong Kong is "rolling out the red carpet" to invite family offices from around the world to settle here.
Xu Zhengyu made this statement at the second "Yuze Xiangjiang" Summit Forum held in Hong Kong that day. He said that Hong Kong has attracted global family offices to set up or expand business in Hong Kong through key measures such as the new capital investor entry program and tax incentives.
Paul Chan, Financial Secretary of the SAR Government, delivered a speech at the opening ceremony of the forum, saying that Hong Kong is an ideal city for family offices to settle. Relying on the unique advantages under "one country, two systems", Hong Kong enjoys priority access to the mainland market, while maintaining the city's international characteristics, including world-class financial services, implementing a common law system and a simple and low tax system, and maintaining the flow of funds, talents, goods and information. Free movement and alignment with the best international regulatory and business standards. These will help the growth and development of family offices.
Chan Mo-po announced at the forum dinner that the Hong Kong Wealth Heritage Institute will launch a new charity project plan "Impact Link". Through this program, the Hong Kong Wealth Heritage Institute will operate a charity project database, allowing family offices and asset owners to have more information on charity projects, and allow their donations to have greater social impact.
At the forum, many industry veterans discussed key topics such as "Classic Brands and Inheritance," "Green Technology," "Philanthropy and Wealth Inheritance," as well as "Sharing Experience in Creating Wealth across Generations" on the development of family offices. In addition, the forum also held fireside conversations titled "From Hollywood to Silicon Valley" and "The Rise and Trend of Sports Industry Investment".
It is understood that the second "Yu Ze Xiang Jiang" summit forum was hosted by the Financial Services and the Treasury Bureau and Investment Hong Kong of the 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)