Global Family Office and Wealth Management Hub at HSUHK Officially Opens to Support Promotion of Family Office Development in Hong Kong

The Global Family Office and Wealth Management Hub of the Institute for Knowledge Exchange at The Hang Seng University of Hong Kong (HSUHK) held its opening ceremony on 3 April 2024. The Hub aimed to nurture family office management professionals with international perspectives, professional skills and innovative thinking through providing rich educational resources, research opportunities and industry exchanges, ultimately helping Hong Kong become a leader in the global family office and wealth management sector.

Mr Joseph H L Chan, Under Secretary for Financial Services and Treasury of the HKSAR Government, attended the ceremony as the officiating guest and keynote speaker. In his keynote speech, he noted, “Hong Kong has a vibrant financial ecosystem, top-notch financial infrastructure, excellent professional service providers, and unique advantages in connecting mainland China and global investment opportunities, making it an ideal location for global family offices to preserve, grow and pass on assets. The government has been working closely with partners and stakeholders to cultivate an environment conducive to the continuous growth of family offices and the promotion of social welfare.

Through launching the New Capital Investment Entrant Scheme, optimising tax concessions, establishing the Hong Kong Academy for Wealth Legacy and other key initiatives, the government is actively attracting global family offices and high net worth individuals to base themselves in Hong Kong to drive the robust development of the whole industry chain.” He also noted that the 2nd Wealth for Good in Hong Kong Summit brought over 400 decision-makers from influential global family offices together, demonstrating a strong interest in conducting business in Hong Kong.

Professor Simon S M Ho, President of HSUHK, said that wealth management and family offices had become strategic development focuses in the global financial sector, and important engines driving sustainable development of the real economy and technological innovation. “The purpose of establishing the Hub is to accelerate the development of the wealth management and family office sector, and promote win-win cooperation globally. We hope the Hub can converge global professional knowledge, share practical experience, and explore industry frontiers. We look forward to working with the industry to open up new chapters.”