The Li Ka-shing family makes a major announcement: the establishment of a family office in Hong Kong!

In Hong Kong, family offices are becoming increasingly popular and the passing on of assets of wealthy families has always been a concern of the market.

Recently, Li Tzar Kuoi, the eldest son of Li Ka-shing and Chairman of the Cheung Wo Department, made public for the first time the process of the family office:He said the Lee family office would be set up in Hong Kong, China, with managers including longtime colleagues and family members.

This will also be the first Hong Kong rich family to set up a family office in Hong Kong.

Li Tzar Kuoi, the eldest son of Li Ka-shing and Chairman of Cheung Wo Department

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Li Tzar Kuoi's statement: the home office will land in Hong Kong

Recently, there has been news that the LI Ka-shing family intends to set up a family office in Hong Kong, and the media in Hong Kong have immediately made inquiries and sought confirmation from the LI family.

Mr. Li Tzar Kuoi responded:"The Lee family has been making different investments in Hong Kong and will institutionalize the establishment of a family office in Hong Kong, with managers including friendly colleagues who have worked together for many years as well as family members."

Ranked first on the list of Hong Kong's rich and famous in China for many years, Li Ka-shing family is undoubtedly one of the wind vane. Whether it is the second generation of succession or family trust, are early deployment, only the family office has not been finalized. This time is the familyFirst to state plans to set up a family office in Hong KongThe display shows theConfidence in Hong Kong as an international wealth management center.

The wealth management model and money flow of Hong Kong's richest families can also be seen in this: rooted in Hong Kong, the structure of the family office system is being set up, and the core team will be made up of family members and long-time colleagues.

This year, Li Tzar Kuoi has repeatedly taken the initiative to talk about the Hong Kong home office.

When Li Tzar Kuoi attended the annual general meeting of Cheung Kong Infrastructure (1038) in May, he pointed out thatHong Kong as an international financial centercenterThe growing number of international corporations and international family offices based in Hong Kong, irrespective of the race or nationality of the principals.The more Hong Kong's position as an international financial market is consolidatedThe economic strength of Hong Kong will also be better.Favorable to the long-term development of the enterprise.

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Hong Kong is striving for a home office center

Li Ka-shing's setting up of a home office in Hong Kong can be said to be in line with the trend, in fact, Hong Kong has long been striving to becomeHong Kong Family Service CenterThe

In order to attract home offices to Hong Kong, since 2023, the Hong Kong government has been striving to attract more global wealth to Hong Kong through a series of strong incentives and marketing offensives, among them"Remove the spice.","New Investment Immigrants"and other big moves are frequent, and it's worth noting that theHong Kong's "New Immigrant Investor Program" provides a clear pathway for ultra-wealthy families to obtain permanent residency.

Hong Kong's Secretary for Financial Services and the Treasury, Mr. Hui Ching-yu, said that according to market research, it is estimated that over2,700 single-family offices operating in Hong KongamongMore than half were founded by ultra-high-net-worth individuals with assets of more than US$50 million, far ahead of the rest of Asia.

As Singapore continues to raise the eligibility thresholds for family office setups, it is important to allowHong Kong's strengths in the field of home office are further highlighted.

Advantages of Hong Kong as the best location for home office

★ International Financial Center

▶ Asia's largest cross-border private wealth management center and the second largest in the world

▶ Diversified platform that meets the asset allocation needs of family offices

▶ Leading International Asset Management Center

▶ Ideal platform for private equity investment

★ Ideal Home Office Operating Environment

▶ Secure, autonomous and stable wealth management platform and sound regulatory system

▶ Free and competitive economy

▶ Simple and low tax system with a preferential profits tax system for single family offices and investment funds

▶ Convenience of Connecting to the World

▶ A wealth of specialized services and human resources

★ Unique Greater China Opportunities

▶ Greater China is Asia's key wealth creation region and dominates Asia-Pacific's private equity deal volume

▶ Customized fund, bond and stock channels to strengthen financial ties with mainland China

▶ Greater Bay Area plan to create an integrated financial innovation region around Hong Kong

▶ Unparalleled Investment Opportunities in the Greater Bay Area

Source: Invest Hong Kong

With the booming development of technology and strong growth momentum in emerging markets, Hong Kong is increasingly becoming the preferred destination for ultra-high net worth groups to set up their family offices due to its unparalleled openness, internationalization, mature capital market structure, internationally-aligned regulatory system and its position as a bridge connecting mainland China to the world.

If you are interested in setting up a family office in Hong Kong, please feel free to enquire!