{"id":1700,"date":"2024-09-13T10:47:40","date_gmt":"2024-09-13T02:47:40","guid":{"rendered":"https:\/\/cvw-corp.com\/?p=1700"},"modified":"2024-09-13T10:47:45","modified_gmt":"2024-09-13T02:47:45","slug":"%e8%bf%99%e4%b8%aa%e5%9c%b0%e6%96%b9%ef%bc%8c%e5%90%b8%e5%bc%95%e5%af%8c%e8%b1%aa%e7%ba%b7%e7%ba%b7%e6%b6%8c%e5%85%a5","status":"publish","type":"post","link":"https:\/\/cvw-corp.com\/en\/\u8fd9\u4e2a\u5730\u65b9\uff0c\u5438\u5f15\u5bcc\u8c6a\u7eb7\u7eb7\u6d8c\u5165\/","title":{"rendered":"This is a place that attracts the rich and famous in droves"},"content":{"rendered":"

According to the Hong Kong Family Office Market Study commissioned by Invest Hong Kong and conducted by Deloitte, Hong Kong family offices (FOs) are nowMore than 2,700 single-family offices<\/strong>The<\/p>\n\n\n\n

The development of Hong Kong's home-based organizations has obvious advantages, coupled with the Hong Kong Government's continuous supportive policies, it is expected that there will be an increase of 200 to 300 new home-based organizations in Hong Kong this year, and the overall number of single home-based organizations will increase by 1.5 to 1.3 million.It is expected to exceed 3,000.<\/strong><\/p>\n\n\n\n

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0<\/strong>1<\/strong><\/p>\n\n\n\n

Hong Kong already has about 2,700 single-family offices.<\/strong><\/p>\n\n\n\n

Hong Kong has attracted a large number of family offices with the introduction of multiple favorable policies and capital investment. As at the end of last year, there were about 2,700 single family offices in Hong Kong.<\/p>\n\n\n\n

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0<\/strong>2<\/strong><\/p>\n\n\n\n

Hong Kong as a Global Home Office Center<\/strong><\/p>\n\n\n\n

As a leading international financial center, Hong Kong has theConditions for becoming a leading global home office center.<\/strong><\/p>\n\n\n\n

Hong Kong has previously introduced attractive tax incentives specifically for single family offices and their investment activities.<\/p>\n\n\n\n

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Previously, family offices were subject to the general two-tier profits tax rate for corporations and were required to pay tax on their profits arising in or derived from Hong Kong.Profits tax of 8.251 TP3T is payable on the first HK$2 million of profits and 16.51 TP3T on the excess over HK$2 million.<\/strong><\/p>\n\n\n\n

However, the HKSAR Government has introduced the Inland Revenue (Amendment) (Tax Relief for Family Investment Control Vehicles) Ordinance 2023 on May 19, 2023, which seeks to provide tax relief for family investment control vehicles managed by a single family office in Hong Kong.Provision of profits tax relief<\/strong>It also enhances Hong Kong's competitiveness as a wealth management center in Asia.
\ud83c\udf1f\u5177\u4f53\u800c\u8a00<\/strong>The Tax Concessions Bill provides that from the year of assessment 2022\/23, subject to the fulfillment of the relevant conditions, theFamily Investment Holdings Vehicles (FIHVs) managed by a single family office in Hong Kong will be exempted from profits tax.<\/strong>The FIHV tax regime will provide UHNW individuals and their family members with a tax rate of 0% on their taxable profits from FIHV-related transactions.<\/p>\n\n\n\n

These new measures will further consolidate the already strong foundation of wealth management in Hong Kong.<\/p>\n\n\n\n

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The Boston Consulting Group Global Wealth Report 2023 reveals that Switzerland is now the world's largest treasury center, whileHong Kong is a close second<\/strong>The ReportHong Kong is forecast to overtake Switzerland as the world's largest treasury center by 2027.<\/strong><\/p>\n\n\n\n

Hong Kong SFC data shows that by the end of 2023, the total value of assets under management in Hong Kong wasHK$31 trillion.<\/strong><\/p>\n\n\n\n

03<\/strong><\/p>\n\n\n\n

Hong Kong as an international financial hub<\/strong><\/p>\n\n\n\n

Hong Kong's financial system has always been a robust regulatory regime, and it is a global asset and wealth management center that brings together the world's leading financial institutions.Major hedge funds and private equity firms<\/strong>It's more appealing.Nearly 80 of the world's top 100 banks and about 70 of the top 100 asset management companies<\/strong>The company has chosen to operate its business in Hong Kong.<\/p>\n\n\n\n

Hong Kong's vibrant financial activities, with the participation of many Mainland Chinese and international financial institutions, coupled with a well-developed capital market infrastructure, including the world's premier stock exchange and offshore Renminbi (RMB) center, have contributed to the development of a thriving financial market.
\ud83d\udc8e\u9999\u6e2f\u4e8e\u56fd\u9645\u91d1\u878d\u4e1a\u754c\u7684\u6392\u540d<\/strong><\/p>\n\n\n\n

    \n
  • Hong Kong has always been a leader in bond issuance in Asia.International bond issuance has been ranked No. 1 in Asia for seven consecutive years<\/strong> .;<\/li>\n<\/ul>\n\n\n\n
      \n
    • Hong Kong asThe world's largest offshore RMB business center<\/strong>\u00a0(Total RMB deposits, including certificates of deposit, amounted to RMB 1,080 billion as at end-February 2024.)<\/li>\n<\/ul>\n\n\n\n
        \n
      • Hong Kong published in 2024Ranked fourth in the Global Financial Centers Index<\/strong>.;<\/li>\n<\/ul>\n\n\n\n
          \n
        • Hong Kong in the International Institute for Management Development releasedFifth place in the World Competitiveness Yearbook 2024<\/strong>.;<\/li>\n<\/ul>\n\n\n\n
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          • factRanked No. 1 in Asia for the number of ultra-high-net-worth individuals<\/strong>(Altrata's World's Super-Rich Report 2024).<\/li>\n<\/ul>\n\n\n\n
            \"\"<\/figure>\n\n\n\n

            As a matter of fact, apart from the most popular tax incentives and the quality financial investment environment, Hong Kong has a strong presence infree flow of capital<\/strong>,Top Professional Talent Pool<\/strong>There are also multiple advantages, which are valued by the home office industry.<\/p>\n\n\n\n

            A leading family office hub is never built in a day, and Hong Kong has been deeply committed to it for many years.Successfully creating the perfect business environment for global family offices.<\/strong><\/p>\n\n\n\n

            Hong Kong hasWorld-class infrastructure<\/strong>,Rule of law and a large talent pool<\/strong>At the same time, it is alsointernational financial hub<\/strong>PossessesA well-established network of financial market interoperability<\/strong>BothAccess to the Greater China Market<\/strong>and may alsoConnecting the world<\/strong>The<\/p>\n\n\n\n

            In the future, Hong Kong will continue to leverage on its free and open, professional and efficient characteristics to further face the Mainland and the international community, and make every effort to become the preferred gateway for global home offices.<\/p>","protected":false},"excerpt":{"rendered":"

            According to the \"Hong Kong Family Office Market\" commissioned by Invest Hong Kong and conducted by Deloitte, the market for family offices in Hong Kong has been growing at an alarming rate. [...]<\/span><\/p>","protected":false},"author":2,"featured_media":1701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","iawp_total_views":5,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/1700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/comments?post=1700"}],"version-history":[{"count":1,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/1700\/revisions"}],"predecessor-version":[{"id":1706,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/1700\/revisions\/1706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/media\/1701"}],"wp:attachment":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/media?parent=1700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/categories?post=1700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/tags?post=1700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}