Hong Kong has long been the base of William Louey Lai-kuen’s wealth-generating and charitable endeavours, but the eldest great-grandson of Kowloon Motor Bus’ (KMB) founder said he plans to do more thanks to programmes unveiled by the city’s government. “Many of my friends have increased their investment and charity activities in Hong Kong after the…
Wealth management and family offices will be a major growth engine for Hong Kong, as many prominent clans in Asia have shown an interest in setting up entities to manage their fortunes, according to Deloitte’s regional head. Dennis Chow Chi-in, Asia-Pacific chairman of the accounting and consulting firm, believes this will mainly be down to…
Judging by the robust post-stimulus home sales in Hong Kong over the weekend, analysts agree higher loan financing and cheaper borrowing costs have helped lift buying sentiment. The government can certainly dig deeper into its toolbox for reinforcement, if needed. CK Asset Holdings and MTR Corp sold more than 80 per cent of the 248…
Investors who applied to Hong Kong’s relaunched cash-for-residency scheme included some who may not stay in the long run but sought the status as a “stepping stone” for their business ventures or children’s education, immigrant consultants have said. The government reintroduced the Capital Investment Entrant Scheme with revised criteria in March, opening back up a…