TOPIC

Family offices

Standard Chartered will hold its inaugural annual family office forum this week. Photo: Edmond So

Rockefeller, Middle East tycoons set for Hong Kong’s global family office forum

Standard Chartered to kick off its inaugural global family office forum in Hong Kong as the city enhances its role in the region.

15 Oct 2024 - 8:40AMvideocam

Hong Kong tycoon Peter Lee looks for good karma in green investments

14 Oct 2024 - 10:00AM

Government teams with Bloomberg to promote city as family office hub

10 Oct 2024 - 11:01AM

Dunhill’s Family Office Network to set up in Hong Kong

The network is considering locations around Asia to set up a social clubhouse to host in-person events for its members, with Hong Kong being a potential location.

6 Oct 2024 - 4:43PM

An undated social event organised by Dunhill Ventures. Photo: Handout

Insiders say running a Hong Kong family office is a delicate balancing act

‘Emotion stays away from the boardroom. That’s critical,’ says Mahesh Harilela.

4 Oct 2024 - 6:45PM

Hong Kong has to work harder to maintain family office hub status: official

Hong Kong is set to surpass Switzerland as the top cross-border wealth management hub by 2027-28, but must stay competitive, says Joseph Chan.

7 Oct 2024 - 2:06PM

Banks set to prosper as Hong Kong expands wealth, fintech opportunities

Hong Kong’s efforts to regain its top hub status will prosper lenders as opportunities abound in wealth and fintech sectors and the bay area.

27 Sep 2024 - 6:41PM

Panelists at the Hong Kong Institute of Bankers conference on September 27, 2024. Photo: Jonathan Wong

Wrise expands in Hong Kong after seeing more rich clients opening family offices

Wrise, a wealth management platform, has expanded in Hong Kong after seeing an increase in rich clients setting up family offices.

19 Sep 2024 - 2:00PM

Asia-Pacific family offices show ‘bullishness’ in equities, bonds: Citigroup

Some 68 per cent of respondents in Asia-Pacific raised their allocations to stocks, highest among all regions.

18 Sep 2024 - 8:00PM

Hong Kong to grow family office businesses for philanthropy: John Lee

City can provide philanthropists with wealth management tools and channel their resources into initiatives, Lee adds.

9 Sep 2024 - 9:27PM

Hong Kong Jockey Club’s Philanthropy for Better Cities Forum included guests such as Chief Secretary Eric Chan (seventh from the left, front row). Photo: Elson Li

Asia-Pacific to outpace all regions as family offices expand by 2030: Deloitte

Single family offices in Asia-Pacific could increase by 40 per cent to 3,200 by 2030, outpacing growth in North America and the nascent Middle East market, a Deloitte Private report shows.

4 Sep 2024 - 12:00PMvideocam

A view of Tokyo from the Bunkyo Civic Center Observation Deck on August 14, 2024. Photo: AFP

Hong Kong still magnet for rich despite Dubai prince family office saga: experts

Middle East expert says affair leaves a ‘bad taste’ in Dubai and Hong Kong, but financial hub can still attract investment from region.

19 Jul 2024 - 8:30AM

Family office operators in Hong Kong plan US$100 million capital-investment fund

Wings Capital has teamed up with other family offices in the city to set up a fund that will invest for CIES applicants, partner Cliff Ip says.

21 Jul 2024 - 12:20AM

Elder scion of Hong Kong’s wealthiest clan mulls a family office

Hong Kong has attracted more than HK$10 billion (US$1.3 billion) under the four-month-old cash-for-residency scheme, as the city pushes ahead with its family office hub ambitions.

11 Jul 2024 - 10:32AM

Visitors to The Peak enjoying views of Hong Kong Island and the Kowloon peninsula. Photo: May Tse

Finance firms expand services for rich clients, tout city’s family office push

Sun Life has teamed up with medical services operators to capture high-net-worth customers in the Greater Bay Area, while Hang Seng Bank added new features for its Prestige customers.

3 Jul 2024 - 6:21PM

(From left) Hang Seng Bank’s head of wealth management and personal banking Rannie Lee and CEO Diana Cesar are joined by actress Sandra Ng and director Vincent Kok at the launch of the Prestige banking services in Hong Kong on Wednesday. Photo: May Tse

Exclusive | Hong Kong to host summit in September to promote city as hub for family offices

The summit marks The Hong Kong Academy for Wealth Legacy’s latest effort to promote the city as a hub for wealthy families to pursue investments, establish succession planning and support various charities.

1 Jul 2024 - 10:00AM

Hong Kong charm works in attracting more family offices than Singapore

Hong Kong has overtaken Singapore in terms of number of single family offices operating in the city, a senior government official said.

24 Jun 2024 - 6:39PM

Signboard for Dubai prince’s Hong Kong family office no longer on display

Dubai-based protocol chief Marco Carenzi last week said the office’s CEO, Eleanor Jane Mak, had no ‘power of representation’ after she gave Post interview.

29 May 2024 - 4:37PM

Sheikh Ali Al Maktoum made headlines after he called off the inauguration ceremony for his office at the eleventh hour in March due to “some urgent unexpected private matters”. Photo: Yik Yeung-man

Hong Kong homes in on Middle East, Indonesia to attract family offices

The Middle East and Indonesia are the next targets for Hong Kong to attract family offices, but more needs to be done to bolster the city’s status as a global family office hub, according to an InvestHK executive.

28 May 2024 - 1:22PM

Exclusive | HSBC eyes synergies in Asia wealth management, family offices after robust gains

‘Our ambition is to grow beyond just our domestic markets,’ says Maggie Ng, head of wealth and personal banking in Hong Kong. Many HSBC customers see Hong Kong and Singapore as complementary rather than competitors, she adds.

27 May 2024 - 4:06PM

Exclusive | Head of Dubai prince’s Hong Kong office ‘not authorised to talk’ on his behalf

Post receives statement from Dubai-based head of protocol and security management a day after publishing interview with Eleanor Jane Mak.

23 May 2024 - 12:15AM

Eleanor Jane Mak joins Sheikh Ali Rashed Al Maktoum at a event in Hong Kong in March. Photo: Yik Yeung-man

Global family office foundation chooses Hong Kong as regional base

The Asian Family Legacy Foundation, which held its inauguration ceremony in Hong Kong on Wednesday, considers the city an ideal location for family offices to get together to carry out their missions in charity work and cultural exchanges.

22 May 2024 - 7:10PM

Hong Kong is ‘a prominent and vibrant city for building family legacies,’ says chairman of the Asian Family Legacy Foundation. Photo: Jelly Tse

Family offices pile into bonds to rebalance their portfolios: UBS survey

Their allocation to developed-market bonds increased by the most in five years to 16 per cent, bringing back a greater balance between fixed income and equities, according to a global survey by the Swiss bank.

22 May 2024 - 4:17PM

‘Lawful’ capital welcome in Hong Kong, minister says as Dubai prince due to return

Treasury chief Christopher Hui says city has variety of policies and strategies to attract institutions to establish family offices.

22 May 2024 - 4:01PM

Exclusive | Dubai prince to return to Hong Kong to inaugurate family office, aide says

Sheikh due to arrive no later than June to attend opening ceremony of private office but name change possible to reduce focus on his ties with ruling family, aide Eleanor Jane Mak says.

22 May 2024 - 7:39AM

The ongoing business talks of the sheikh’s office remain on track, many of which involve bringing Chinese technologies back to his home country, his aide has said. Photo: Yik Yeung-man

Exclusive | Hong Kong has succeeded in attracting family offices: JPMorgan Private Bank

Hong Kong’s tax breaks and immigration policies to attract tycoons to set up family offices have been quite successful, as they have piqued the interest of many billionaires over the past year, banker says.

20 May 2024 - 12:13PM

The Hong Kong government’s measures to entice billionaires to set up family offices is paying off. Photo: Yik Yeung-man

End of property curbs, market rebound attract family offices to Hong Kong

The removal of property curbs, a stock market rebound and growing opportunities in the Greater Bay Area are attracting an increasing number of family offices to Hong Kong, according to industry players.

9 May 2024 - 7:00AM

Letters | How Hong Kong can better woo family offices

Readers discuss the government’s efforts to attract family offices, and a new service for passengers transferring between commercial flights and private jets.

3 May 2024 - 3:19PM

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Family offices

Family offices are corporations established by wealthy individuals or families to pursue investment, philanthropy and succession planning. Hong Kong has more than 2,700 single-family offices, with each managing between US$10 million and US$100 million. The Hong Kong government has announced tax incentives and investment migration schemes to attract such corporations in an effort to turn the city into a regional hub.

last updated:

2 October, 2024