Loading ...Episode 2：Tax Incentives
2023-04-09
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Episode 2：Tax Incentives
2023-04-09
The SAR Government will introduce a bill within 2022 to offer tax concession for eligible family offices. The target is attracting no less than 200 family offices to establish or expand their operations in Hong Kong by end-2025. The 2022 Policy Address mentions developing green and sustainable finance, so as to promote the development of Hong Kong as a premier financing platform for governments and green enterprises in the Mainland and around the world.
In this episode, we invite Wendell CHEN, Director of an asset management company, to share his experience in setting up 2 single family offices in Hong Kong.
In this episode, we invite Wendell CHEN, Director of an asset management company, to share his experience in setting up 2 single family offices in Hong Kong.
Hong Kong is an international financial centre and a place where wealth is concentrated. With its strengths in banking, capital markets and asset management, Hong Kong can provide investors, financiers, asset managers, funds and financial institutions around the world with all-round and high-quality financial platform.
In recent years, the trend of using “family office” as a way of family inheritance has become more and more popular in many family enterprises around the world. Family offices are private wealth management companies established by ultra-high-net-worth individuals, and they are responsible for the daily management of family assets. Growing Hong Kong into a hub for family offices is a critical growth direction, and the enormous asset managed by family offices would also be diverted towards various investment projects. In the long term, the capital flow would be favourable for fostering the development of various financial ecologies, which would benefit the Hong Kong economy at large.
In recent years, the trend of using “family office” as a way of family inheritance has become more and more popular in many family enterprises around the world. Family offices are private wealth management companies established by ultra-high-net-worth individuals, and they are responsible for the daily management of family assets. Growing Hong Kong into a hub for family offices is a critical growth direction, and the enormous asset managed by family offices would also be diverted towards various investment projects. In the long term, the capital flow would be favourable for fostering the development of various financial ecologies, which would benefit the Hong Kong economy at large.
