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InvestHK Team Assists 252 Family Offices to Establish or Expand Operations in Hong Kong Over Past 5 Years
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Christopher Hui, Secretary for Financial Services and the Treasury, disclosed in a written reply to a Legislative Council member that since its establishment in June 2021 and up to the end of last month, InvestHK's FamilyOfficeHK team has assisted 252 family offices in setting up or expanding their operations in Hong Kong. In addition, around 160 family offices have indicated that they are preparing or have decided to establish or expand their operations in Hong Kong. Hui noted that InvestHK has observed rising interest from family offices worldwide in setting up in Hong Kong in recent months, with an increase in related enquiries and visits. In light of the latest developments, they are considering allocating more investment and wealth to Hong Kong in pursuit of a more stable safe-haven environment, reflecting Hong Kong's attractiveness as a global financial centre. He added that, in order to attract more funds and family offices to establish and operate in Hong Kong, the government will further enhance the preferential tax regimes for funds, single family offices and carried interest. The enhancements will cover a broader range of qualifying investments eligible for tax concessions, including carbon emission derivatives/carbon emission allowances, carbon credits and insurance-linked securities, thereby broadening the investment options for funds and family offices. The authorities aim to submit the legislative proposals to the Legislative Council in 1H26. Subject to approval, the measures will take effect from the current year of assessment. (fc/j) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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