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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's unique advantages - its strategic geographical location, conducive operating and business environment, mature and stable financial and capital markets, holistic asset and wealth management industries, transparent tax regime and experienced talent pool – make it a natural choice for families and family offices looking to establish a presence in the Asia-Pacific region. 

In recent years, the Hong Kong government has devoted significant efforts to develop Hong Kong as an international family office hub. According to 2022 Chief Executive policy address, Hong Kong targets to attract no less than 200 family offices to establish or expand their operations in Hong Kong by end-2025. The government will soon introduce a bill to offer tax concessions for eligible single family offices and attract them to domicile and expand their operations in Hong Kong. 

Aik Ping Ng, Head of Family Office Advisory, Asia Pacific at HSBC Global Private Banking, shares the key developments and opportunities in the Hong Kong family office landscape.

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