Hong Kong Family Offices Launch US$100 Million Fund
Hong Kong aims to attract high-net-worth individuals from Europe, Asia, and the Middle East to establish family offices in the city.
With the government’s announcement of the Family Office 2.0 plan to further promote [the sector] in Hong Kong over the next three years, we believe the business opportunities arising from the increasing investment demand from global wealthy families will be huge.
Family offices are entities created by affluent individuals or families to manage their investments, succession planning, and philanthropic activities.
- The fund was launched to tap global investors.
- It aims to address the demands and concerns of other wealthy families.
Author's summary: Hong Kong launches a US$100 million fund.
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