Hong Kong is drawing fresh interest from global family offices, with about 160 preparing to set up or expand in the city, Financial Services and the Treasury Secretary Christopher Hui said, as geopolitical tensions prompt wealthy investors to look for stability and diversification in Asia. Hui said enquiries and site visits from family offices around … Read more
Hong Kong’s Financial Secretary Paul Chan expressed strong confidence that the city will rise to become the world’s second largest international financial centre within the next 10 to 15 years, with family offices playing a central role in that ambition. Speaking at the HSBC Global Investment Summit on Wednesday, Chan said Hong Kong’s growth strategy … Read more
Ultra-high-net-worth families are rebalancing up to 15–20% of their portfolios and accelerating structural changes to their wealth arrangements as geopolitical tensions and an energy market shock reshape the global economic landscape, according to wealth managers. The shift, triggered in part by disruptions to oil supply through the Strait of Hormuz and rising inflation expectations, is … Read more