{"id":7554,"date":"2024-05-23T19:26:21","date_gmt":"2024-05-23T11:26:21","guid":{"rendered":"https:\/\/mpl.hk\/?p=7554"},"modified":"2024-05-27T19:27:40","modified_gmt":"2024-05-27T11:27:40","slug":"family-office-organization-chooses-hong-kong-as-base","status":"publish","type":"post","link":"https:\/\/mpl.hk\/family-office-organization-chooses-hong-kong-as-base\/","title":{"rendered":"Family Office Organization Chooses Hong Kong as Base"},"content":{"rendered":"

An organization with around 120 global family offices as members has chosen Hong Kong as its regional base for Asia.<\/strong><\/p>\n

The\u00a0Asian Family Legacy Foundation<\/a>\u00a0has selected Hong Kong as its base for Asia, according to an\u00a0\u00abSCMP\u00bb<\/a>\u00a0report citing its chairman,\u00a0Michael Zhu<\/strong>. The foundation will focus on allowing its global members to collaborate, network and raise funds to donate to charity education, heritage protection and other community services across the region.<\/p>\n

\u00abWe see Hong Kong as a prominent and vibrant city for building family legacies, particularly for family offices,\u00bb Zhu said.<\/p>\n

Foundation Membership<\/strong><\/p>\n

The organization was founded in January and has a membership of 120 family offices, including those from Hong Kong, mainland China, elsewhere in Asia and Latin America.<\/p>\n

\u00abAmong our 120 members,\u00a0a lot of them are overseas family offices\u00a0which really want to come to Hong Kong to learn about the policies and regulations here,\u00bb Zhu added.<\/p>\n

Government Target<\/strong><\/p>\n

Hong Kong continues to make efforts to reach its announced target of attracting 200 new single family offices by 2025. It has unveiled a series of measures to lure the ultra-rich including a\u00a0revamped investment migration program<\/a>\u00a0and a philanthropic initiative called\u00a0\u00abImpact Link\u00bb<\/a>\u00a0aimed at connecting donors with charity projects.<\/p>\n

The report also cited\u00a0Jason Fong<\/strong>, global head of government-backed FamilyOfficeHK, who said he is confident that the city can achieve the target. According to Fong, his team has already helped 64 family offices set up in Hong Kong with another 130 planning to do so.<\/p>\n

Sources: finews.asia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An organiz […]<\/p>\n","protected":false},"author":3,"featured_media":7530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[386],"tags":[],"class_list":["post-7554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trust-or-company-service-provider-industrial-news"],"acf":[],"lang":"en","translations":{"en":7554,"zh":7553},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/posts\/7554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/comments?post=7554"}],"version-history":[{"count":2,"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/posts\/7554\/revisions"}],"predecessor-version":[{"id":7556,"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/posts\/7554\/revisions\/7556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/media\/7530"}],"wp:attachment":[{"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/media?parent=7554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/categories?post=7554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mpl.hk\/wp-json\/wp\/v2\/tags?post=7554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}