good news.
On June 12, Invest Hong Kong officially launched the Family Office Service Provider Network (Family Office Service Network). We hope to use this specially designed platform to promote Hong Kong as the first choice for global family offices.
01
Ideal locations for global family offices
The launching ceremony of the family office service network was presided over by Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, and Xu Zhengyu, Secretary for Financial Affairs and the Treasury. More than 100 representatives of family office professional service institutions participated.
Chen Maobo said that Hong Kong has a thriving financial ecology, top-notch financial infrastructure, and excellent professional service providers. In addition, it gathers investment opportunities from the mainland and around the world, so it is naturally an ideal location for global family offices.
02
Create business opportunities and stimulate the development potential of enterprises
Chen Maobo said that the family office service network gathers teams in various related professional service fields, including private banks, accounting firms, law firms, trust companies, wealth management professional institutions, etc...
We will create more business opportunities for each other, strive to promote Hong Kong's advantages to target markets, and provide advice to the SAR government on how to promote more vigorous development of the industry.
It is understood that the Hong Kong Special Administrative Region Government issued the "Policy Declaration on the Development of Family Office Business in Hong Kong" on March 24, 2023 and proposed 8 policy measures.
One of them is the establishment of a family office service network to create a thriving ecosystem and continue to support local and global family offices to settle or expand their business in Hong Kong.
03
Provide communication channels to boost business opportunities in Hong Kong
According to Invest Hong Kong, the family office service network provides a two-way communication channel between the SAR government and the industry.
On the one hand, it allows the SAR government and the industry to communicate on the latest policy development; on the other hand, it can use the industry's global network to promote various opportunities in Hong Kong to family offices.
Xu Zhengyu said that the official launch of the family office service network is an important milestone for the government to take a series of measures to promote Hong Kong as a family office hub.
In the future, the authorities will commit to the joint efforts of regulators and the industry to promote other new policy measures in the policy declaration, so as to promote the vigorous growth of the ecosystem of global family offices and asset owners in Hong Kong.
The Hong Kong family office has developed rapidly in recent years and has become an ideal choice for more and more high-net-worth individuals.
With the increasingly fierce competition in the Hong Kong market, family offices will pay more attention to innovation, service optimization and professionalism.
At the same time, continue to explore opportunities in the international market, actively expand global business, and further enhance Hong Kong's status and influence as an international business center.
Xingyunhai International is headquartered in Hong Kong, China, occupying regional advantages and possessing strong resources. Professional consultants, senior copywriters, and post-service teams follow up the whole process, providing comprehensive and considerate services such as Hong Kong immigration, further education, and investment.
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