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Feb 2, 2025 Hong Kong is rapidly positioning itself as a preferred hub for the establishment of family offices, attracting interest from affluent families across mainland China and Southeast Asia. According to Dennis Chow, Asia-Pacific chairman of Deloitte, the city’s burgeoning capital market activities, especially more listings from regional companies, enhance its appeal. A significant…
Financial Secretary Paul Chan announced at the PWMA Wealth Management Summit 2024 that Hong Kong’s Capital Investment Entrant Scheme (CIES) had attracted 670 applications and over HK$20 billion (US$2.57 billion) since its March relaunch. The program has maintained a growth rate of approximately 74 applications per month since its launch. The monthly application rate, however,…
Three luxury Hong Kong homes changed hands this week for between HK$49.4 million (US$6.36 million) and HK$114 million, an indication that well-heeled buyers have returned to the market for exclusive addresses as interest rates come down. Sebastian Paredes, the CEO of DBS Bank (Hong Kong), paid HK$49.4 million for a 1,249 sq ft, three-bedroom flat…
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