Hong Kong will introduce a series of measures for family offices to set up operations, boosting the city’s standing as a leading financial centre, according to Financial Secretary Paul Chan Mo-po. “This year, in addition to our existing tax concessions for single family offices, we will expand exemptions for funds, enhance concessions for family offices…
Hong Kong will introduce a series of measures for family offices to set up operations, boosting the city’s standing as a leading financial centre, according to Financial Secretary Paul Chan Mo-po. “This year, in addition to our existing tax concessions for single family offices, we will expand exemptions for funds, enhance concessions for family offices…
Dollar Tree is selling the Family Dollar brand to two private capital firms for just over $1 billion, the company announced on Wednesday after years of struggling with Family Dollar’s operation. The private equity firms Brigade Capital Management and Macellum Capital Management are buying Family Dollar together, according to the statement. In the announcement, Dollar…
Frank Voon joined Jones Day as a partner in its corporate practice in Hong Kong, the firm announced Monday. Voon advises on complex, cross-border mergers and acquisitions, and private equity transactions across the automotive, health-care and life sciences, mining and energy, real estate, and technology industries. He represents multinational corporations and state-owned entities on their…
Goodwin Gaw, cofounder and chairman of Gaw Capital Partners. Chan Long Hei/Bloomberg Gaw Capital Partners, the real estate private equity firm controlled by Hong Kong’s billionaire Gaw family, has acquired a high-end shopping mall in central Tokyo for more than $1 billion in a joint venture with Singapore’s Patience Capital Group (PCG). Gaw Capital announced…
Effie Vasilopoulos Newly launched UK-based firm Broadfield has marked the Year of the Snake with its first overseas office in Hong Kong, just two months after its official debut. Hong Kong managing partner Effie Vasilopoulos said the firm would leverage its strong local expertise and market-leading position to drive growth in China. Vasilopoulos told Law.asia…
The world’s largest alternative asset manager Blackstone has partnered with a local industry body to launch a certification programme for Hong Kong’s wealth managers, deepening the city’s push to serve as a wealth-management hub amid growing interest in private assets. The company, which has run the Blackstone University programme for 13 years globally, will launch…
HONOLULU (Island News) – The Department of Emergency Management reported that an outage occurred for Honolulu’s 911 system on Sunday, November 17, 2024. Officials state that the system is currently down for customers using certain cell providers, including AT&T, Verizon and T-Mobile. The public is advised to contact 911 by using a landline phone. For…
Asia-Pacific’s private capital sector could get support from Chinese government stimulus as well as greater development of other financial markets in the region, according to data provider Preqin. China’s contribution to the region’s market for private capital has tumbled significantly in recent years, but stimulus measures and reforms from Beijing could spark a turnaround, said…
Hi, it’s Will Davies in Hong Kong, where our reporters have been tracking what is set to be the biggest listing by a Chinese company in two years—providing a nice boost to the city’s IPO market. Also today, private equity’s favorite borrowing tool sparks fresh scrutiny. Today’s top stories Home appliance maker Midea Group is…