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Family offices in Hong Kong – Achieving intergenerational wealth transfer for business families

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Family offices in Hong Kong – Achieving intergenerational wealth transfer for business families

Nov 2, 2022

Family offices in Hong Kong – Achieving intergenerational wealth transfer for business families Watch the video: Family offices in Hong Kong – Achieving intergenerational wealth transfer for business families

Hong Kong is an international hub connecting Global, Asian and mainland China markets. The conducive business environment, mature and stable capital markets, excellent asset and wealth management system, and a large pool of experienced talent make Hong Kong a natural choice for multi-national and mainland China business owners and families looking to establishing a family office here.

The HKSAR Government issued the Policy Statement on Developing Family Office Businesses in Hong Kong on 24 March 2023.  The Statement has set out eight initiatives with a view to create a conductive and competitive environment for the business of global family offices and asset owners to thrive in Hong Kong.

On 10 May 2023, the Hong Kong Legislative Council officially passed the tax exemption scheme bill for family investment holding vehicles and the bill was officially gazetted on 19 May 2023. 

Join Aik-Ping Ng, Head of Family Office Advisory, Asia Pacific at HSBC Global Private Banking, as he shares an overview of the eight initiatives in the Policy Statement and further details of the family office tax exemption scheme in Hong Kong.  

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