In an effort to lure more family offices to the city, Hong Kong would concentrate on a few key areas, a senior executive from a government organisation said. Invest Hong Kong is a government department under Hong Kong’s Commerce and Economic Development Bureau.
“Our strategic destinations are the Middle East, Europe, Southeast Asia and of course, mainland China,”
Christine Ho, deputy global head of FamilyOfficeHK
As part of efforts to increase its European presence, FamilyOfficeHK recently hired a head of Europe in Brussels, who started in October, said Ho. She did not provide any futher details on the hire.
Hong Kong’s government, headed by chief executive John Lee, aims to get at least 200 of the world’s top family offices to set up or expand their operations in the city by 2025.
As part of measures to attract family offices, the government announced a concessionary tax regime for family-owned investment holding vehicles managed by a single family office in the city.
FamilyOfficeHK, launched in 2021, has helped 14 family offices set up base in Hong Kong between June and October 2022, the latest data available.
FamilyOfficeHK takes aim at strategic markets amid rising competition – AsiaInvestor
