Hong Kong SAR has now surpassed 2,700 single family offices (SFOs), reaffirming its status as Asia’s leading hub for managing ultra-high-net-worth (UHNW) wealth.The region’s count now exceeds Singapore’s estimated 2,000 SFOs, underscoring Hong Kong’s resurgence as a trusted financial and governance center. Its proximity to Mainland China, well-established financial infrastructure, and deep market connectivity continue…
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Many entrepreneurs believe registering a company in Hong Kong is a long and complicated process.In reality, if you know the key steps, it can take as little as 2 to 5 days.⠀In our experience, many businesses lose time and money because of small mistakes —choosing the wrong legal structure, submitting incomplete documents, or being unprepared…
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Hong Kong has amended its Banking Ordinance to give financial institutions stronger legal backing to share information on suspected scams, money laundering, and terrorist financing—an upgrade regulators say will improve efficiency in tackling financial crime and reduce costly system disruptions caused by fraud. The Banking (Amendment) Ordinance 2025 introduces a “safe harbour” provision that protects…
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The Hong Kong government will launch a new Innovation & Technology Industry-oriented Fund in 2026 as part of its efforts to strengthen the city’s startup ecosystem. Alongside the initiative, the government will expand the Innovation & Technology Venture Fund and introduce a Pilot I&T Accelerator Scheme aimed at attracting global startups to Hong Kong. Officials…
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Hong Kong’s newly introduced stablecoin ordinance may increase pressure on local banks, particularly in the digital payments sector, but it could also present new opportunities—especially in wealth management. Stablecoins issued under the new regime are expected to heighten competition in wholesale payments by offering advantages in both cost and transaction speed. In response, local banks…
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HONG KONG — 4 June 2025 — In a strategic move to solidify its status as a leading global financial hub, Hong Kong has officially launched a new company re-domiciliation regime, enabling non-Hong Kong-incorporated companies to relocate their registration to the city while preserving their legal identity and operational continuity. The regime, which came into…
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Wise has introduced its international business account in Hong Kong, designed to help small and medium enterprises (SMEs) manage global transactions seamlessly. The account allows businesses to send, receive, and hold over 40 currencies without the burden of minimum balance requirements or monthly subscription fees. According to a press release, SMEs can receive payments globally…
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FTAHK Launches AI Strategic Advisory Council to Promote Responsible AI in Hong Kong’s Financial Sector The Fintech Association of Hong Kong (FTAHK) has announced the formation of the FTAHK AI Strategic Advisory Council, a dedicated committee designed to promote the exploration and adoption of responsible AI practices within Hong Kong’s financial sector. The council, consisting…
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A consolidated budget deficit of $94.8 billion is projected for 2025, prompting calls for strategic measures to guide the government’s upcoming budget planning. Leveraging the Greater Bay Area (GBA) Experts emphasize leveraging Hong Kong’s strategic location within the Greater Bay Area to maintain its role as a critical connector between mainland China and the world.…
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