Mike Bezos, the 79-year-old father of Amazon founder Jeff Bezos, is reportedly planning a “massive expansion” of his family office, which manages a fortune worth more than $40 billion and supports family members. According to a report by The Wall Street Journal, he was on the lookout for a CEO to oversee this capital. Chief…
Hong Kong is a key beneficiary of mainland China’s high household savings rate. A spillover of capital into Hong Kong from the mainland’s overflowing reservoir of household savings could provide much-needed relief for Hong Kong, which is struggling with protracted economic and geopolitical uncertainties. While the mainland is subjected to capital controls, Hong Kong is…
Hong Kong’s investment promotion agency has launched a charm offensive tour to Europe, with the aim of attracting high-net-worth individuals to set up family offices in the city. A top InvestHK official, Charles Ng Siong-kwong, set off on Sunday and will visit various major European cities over the coming week, including London, Milan, Lugano and…