Multiple Benefits! Hong Kong's Insurance Industry Welcomes New Opportunities
2022-01-31Hong Kong's tax system in one article!
2023-08-11Currently, Chinese entrepreneurs are not only accumulating huge amounts of material wealth, but are also taking on therichesA qualitative change in the perception of a more focusedWealth inheritancecap (a poem)social responsibilityThe
existAspects of preservation and transmission of family wealthThe Hong Kong Family Office is highly favored by ultra-high-net-worth individuals, and its unique advantages have attracted a lot of attention.
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Asian Wealth Management Center
factAs an international financial center, UHNWI has a sound financial system and rule of law environment. Its sound legal system and highly transparent and stable financial market provide ultra-high-net-worth people with a reliableInvestment protection and compliance environmentThe
Recently, Mr. Fong Chin-kwong, Global Head of Hong Kong Family Office, participated in the "Hong Kong Family Office Sharing Session and Gala Dinner" in Shenzhen, sharing the unique advantages and opportunities of Hong Kong as a wealth management center.
Mr. Fong pointed out that Hong Kong, as one of the world's preferred listing venues, is well positioned to become a leading marketplace for listing capital raising.Asian Wealth Management CenterAs a result, it has always been the prime location for UHNWIs to settle in Mainland China and even around the world.
In fact, Hong Kong ranks second in the world and first in Asia as a cross-border wealth center, fully demonstrating Hong Kong's attractiveness as an international financial center and its leading edge in attracting the world's ultra-high-net-worth individuals to choose to settle here.
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Ideal for ultra-high net worth individuals
When attending the EIB Financial Sharing Session and Dinner in Shanghai, Mr. Meng Liao, Co-Head of Mainland Family Office of Hong Kong Invest Hong Kong, pointed out.Hong Kong as a place with a mature financial system, a sound legal system and a vibrant business environment, providing good ground for the development of family offices.
In recent years, more and more ultra-high-net-worth individuals have chosen to set up family offices in Hong Kong in the hope of leveraging on theProfessional wealth management team and well-established system in Hong Kong, assisting them in the effective management of their family's wealth.
As an international financial center, Hong Kong has a well-developed financial system, including a diversified range of financial institutions such as banks, securities, insurance, etc., which provides the family office with aExtensive financial services and professional wealth management support.
In addition, Hong Kong's robust legal system and strict intellectual property protection provide family offices with the ability tosteadyLegal environment and safeguards. In such an environment, family offices are able to rely on a team of professionals in Hong Kong to effectively manage and add value to family wealth and achieve long-term sustainable development.
It is worth mentioning that Hong Kong has a vibrant business environment and as theInternational Trade and Business Center, attracting many multinational companies and investors.
Family offices in Hong Kong can fully benefit from such a business environment and collaborate with other companies and organizations to find more business opportunities and development partners. This provides wider space and opportunities for family offices to grow.
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Strong policy support
The HKSAR Government actively supports the development of family offices. The Government has responded to the needs of family offices by simplifying the company registration procedures.Tax relief for single family officesand actively improve the relevant regulations and systems to facilitate and support family offices.
Hong Kong is home to some of the world's leading professional service providers and is able to offer a full range of services to family offices.Finance, Legal, Audit, Wealth Managementand other specialized services.
As an international financial center, Hong Kong has close ties with the Mainland and international markets, providing family offices with the opportunity to better manage global assets.
By setting up an office in Hong Kong, the family can leverage Hong Kong's financial services and professional organizations to achieveEffective management and allocation of global assetsThe
Hong Kong's internationalization and openness provides a wide range of development space and opportunities for family offices, and is the ideal place forThe best place for ultra-high net worth individuals to settle.