Invest HK has launched a network of service providers mid June which designed to help promote Hong Kong as a preferred destination of choice for global family offices.
The Network of Family Office Service Providers brings together the relevant professional services providers, including private bankers, trustees, lawyers, accountants, wealth management professionals, etc, to create mutual business opportunities and promote Hong Kong's advantages to target markets.
The Network will seek to nurture a vibrant financial ecosystem that is able to access investments in Mainland China and the world, naturally makes Hong Kong as the “preferred choice of location for local and global family offices setting up or expanding in the Hong Kong market. The Network is a “two-way channel” for the government to brief the industry on the latest developments and provides opportunities for family offices in Hong Kong. It will mobilize similar networks around the world to advocate opportunities in Hong Kong for family offices.
Asides this, other initiatives include a new Capital Investment Entrant Scheme, a new Hong Kong Academy for Wealth Legacy, the establishment of art storage facilitates at the airport and other measures to develop Hong Kong as a philanthropic centre.
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