Knight Frank Greater China’s Post

Hong Kong, renowned as a pivotal link between Western and Eastern economies, has solidified its status as a premier hub for private wealth management and family offices. Supported by a conducive regulatory environment and the government's proactive initiatives, the city's family office sector is thriving. Ho-Pin, director and head of private office, Knight Frank Hong Kong adds that that “recent correction in luxury and commercial property prices in Hong Kong has opened up opportunities to acquire unique assets which has led to a rise in interest from family offices and private investors.” Discover more by delving into the Hong Kong edition of the “Rise of Super Wealth Hub Series” via the link here: https://okt.to/Yb4pUX. #APACWealth #HongKong

Hong Kong - a city I adore! Our colleague and Ocorian's Head of APAC, Robin Harris, is featured in Citywire Asia talking about Hong Kong regaining its status as an international financial centre and boosting the Asian wealth management sector as a whole. Read the full story: #APAC #FamilyOffice #HongKong #WealthManagement

As of the end of March, more than 130 family offices are poised to establish or expand operations in Hong Kong, with 64 already receiving support from FamilyOfficeHK. With incentives like the Capital Investment Entrant Scheme (CIES) and tax concessions for Family-owned Investment Holding Vehicles (FIHVs), Hong Kong offers an attractive environment for family offices. “The growing interest for establishing a family office in Hong Kong is a testament to the city’s status as an international finance centre,” says Alan Fong, Managing Director of Sovereign Trust (Hong Kong) Limited. Want to know more? Read on: https://bit.ly/4bdpIZH #SovereignGroup #HongKong #FamilyOffice #GlobalFinance #Investment #FinancialHub #WealthManagement

With the highest number of ultra-high-net-worth individuals in the world and proximity to the Greater Bay Area, Hong Kong has blossomed into Asia’s premier asset and wealth management centre, attracting family offices including Isola Capital. Meet Jason Fong, Global Head of Family Office at InvestHK, as he explains the government agency’s unwavering support for overseas family offices to set up a base in Hong Kong to seize new opportunities, notably in the Greater Bay Area. From providing taxation and recruitment advice to building a vibrant family office ecosystem, HK is supercharging its journey with new initiatives including tailored tax concessions, a new Capital Investment Entrant Scheme and HK Academy for Wealth Legacy.  Watch the full video here:  https://bit.ly/3IApOOR Find out more about HK’s advantages for family offices:  https://lnkd.in/gjCjqVgS Isola Capital Group Invest Hong Kong Jason Fong Anthony Chan #InvestHK #FamilyOffices #HongKongFinance #InvestmentOpportunities #WealthManagement #FinancialPlanning #SuccessionPlanning #HighNetWorth #GBA #AsiaFinance #FinancialHub #AssetManagement #EconomicGrowth #BusinessDevelopment 

#Switzerland-based private-equity giant Partners Group has opened an office in Hong Kong, becoming the latest investment firm to expand its wealth management business in the city. Partners Group plans to use Hong Kong as a gateway to invest in mainland China. Secretary for Financial Services and the Treasury Christopher Hui attended the cocktail ceremony, welcoming Partners Group’s choice of Hong Kong as the destination for its business expansion. The group's expertise and experience in private equity, private credit, infrastructure, and real estate investments will further enrich the products and services Hong Kong offers to global investors. Secretary Hui stated that Partners Group's expansion stands as a testament to Hong Kong's pivotal role in the global financial world. Its dedication, along with that of other wealth managers, will significantly shape the evolution of private markets into a mainstream asset class. He also mentioned that this is an opportune moment for asset and wealth management businesses to establish themselves or expand in Hong Kong. Partners Group is one of the largest firms in the global private markets industry, with 1,900 professionals and approximately USD 150 billion in assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to build businesses and assets into market leaders. Partners Group Official Press Release: https://lnkd.in/d-Gge5xU Official Post by Financial Services and the Treasury Bureau (FSTB): https://lnkd.in/dQGJd-jk

Australian commercial transactions rose 5% in 1H, Korea’s rose 20%, while Singapore (-49%) and Hong Kong’s (-30%) fell. Explore APAC’s divergent markets at Savills Prospects. http://sav.li/bow #realestateinvestment #CommercialRealEstate #realestatemarket #SavillsProspects

Over the past two decades, Asia has witnessed an unprecedented accumulation of wealth. The region’s rapid economic growth, coupled with rising incomes, has led to the emergence of a substantial number of wealthy families. As the region continues to prosper, an ever-increasing number of affluent families seek effective ways to manage their wealth and address complex financial matters. While looking for the most advantageous hub in Asia to establish their Offices, Investors most of the time find themselves considering beetween Hongkong vs Singapore. Check out our Article about location selection between SGP & HK for Family Offices in Asia following Family Offices Series by CCX Advisory team: https://lnkd.in/gs3rakM4 #FamilyOffices #Asia #investinAsia #investment #singapore #hongkong

Adrian Cheng, CEO of New World Development Company Limited and chairman of the Hong Kong Academy for Wealth Legacy, expects Hong Kong to become the world's top destination for family offices. Key points: Cheng's prediction: "I'm very confident we will be number one for family office wealth management in the future." Current landscape: + Hong Kong: Over 2,700 single family offices as of end-2023 Singapore: About 1,400 single family offices with tax incentives + Hong Kong's advantages: Cheng states: "It's not just about the capital, it's about the values too," citing Hong Kong's wealth management expertise. Initiatives: + Tax exemptions for family offices managing over HK$240 million + Building a tax-free art hub near the airport + Hong Kong Academy for Wealth Legacy's role: Cheng: "We hope to be a 'super connector' for family offices seeking to establish a presence in the city." Cheng family background: + Worth over $20 billion according to Bloomberg Billionaires Index + Owns stake in Chow Tai Fook Jewellery Group. Family offices and private trusts in Hong Kong made up roughly HK$2 trillion (US$257 billion) in assets under management at the end of 2023, according to government figures. The overall asset and wealth management business oversaw more than HK$31 trillion at year end. #Growth #Expansion #FamilyOffices #PrivateWealth #WealthManagement #NextGen #HongKong I Filipe Pacheco I Kiuyan Wong I Venus Feng I Pui Gwen Yeung I FamilyOfficeHK I Brand Hong Kong

Business investment in Hong Kong on the rise! A total of 322 companies from 33 economies around the world established or expanded their operations in Hong Kong with the help of Invest Hong Kong in the first six months of 2024, a rise of 43% compared to the same period last year. Announcing the figures yesterday (Jul 2), the city's inward investment agency revealed that the leading sectors included financial services, I&T and family offices, underlining Hong Kong's position as the most sought-after global financial and business hub in Asia. 👇 Find out more here: https://ow.ly/8wol50SusR8 #hketoberlin #hongkong #brandhongkong #asiasworldcity #businessopportunities #InvestHK

Hong Kong's CIE Scheme Attracts Investments, Aims to Boost Financial Hub We discuss Hong Kong's capital investment entrance scheme, CIE, which has relaunched and received 500 applications, with 47 applicants already meeting the HK$30 million investment requirement. The scheme aims to attract high-net-worth individuals, potentially injecting HK$15 billion, 1.9 billion US dollars, into the economy. Despite the interest, many applicants are taking their time to finalize investments, with up to 180 days allowed post-approval. This initiative supports Hong Kong's goal of positioning itself as a global financial hub. #HongKong #CIE #CapitalInvestment #FinancialHub #traffordbusuttil #porticoandbridge