“Your capital is safe” in Hong Kong, Financial Secretary Paul Chan Mo-po told wealthy families on Wednesday as he sought to reassure them that Hong Kong is a premier destination for capital investment amid the raging trade war. The so-called reciprocal tariffs imposed by the US on its trading partners underscored Hong Kong’s soundness as…
On Thursday, the MPF reported a HK$34.8 billion investment return in the first quarter, according to data from MPF Ratings, an independent research firm. The MPF’s 379 constituent funds generated an average return of 2.7 per cent in the first quarter, the best performance since a 4.1 per cent gain in the first quarter of…
Hong Kong’s “Super March” campaign has brought in 12 per cent more visitors so far this month and filled more tourist beds, the finance chief has said, noting that some overseas VIPs have observed that the city has recovered its old vibrancy and vitality. Financial Secretary Paul Chan Mo-po said in his weekly blog on…
Hong Kong’s Super March campaign brought in 12 per cent more visitors so far this month and filled more tourist beds, the finance chief has said, noting that some overseas VIPs had observed that the city had recovered its vibrancy and vitality from the old days. Financial Secretary Paul Chan Mo-po said in his weekly…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Standard Chartered will open one wealth management centre a year over the next five years in Hong Kong as part of its global strategy to grow its wealth business and also tap small and medium-sized enterprises (SMEs) in the Greater Bay Area, according to a senior executive. “We are focused on opening more wealth management…
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…
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…
Fintechs worldwide are launching apps that leverage artificial intelligence to provide wealth management services to high-net-worth individuals. Singapore has a significant concentration of high and ultra-high-net-worth individuals, with investible assets exceeding $1 million and $50 million, respectively. To cater to this niche, firms like U.S.-based fintech Arta Finance have entered the market. In October, Arta…