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…
Read more
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…
Read more
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…
Read more
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.…
Read more
Government Passes Companies (Amendment) Bill 2024 to Enhance Hong Kong’s Corporate Landscape The Government has announced the Legislative Council’s approval of the Companies (Amendment) Bill 2024, a landmark initiative aimed at modernizing corporate practices in Hong Kong. The amendments will enable listed companies incorporated in Hong Kong to hold repurchased shares in treasury and dispose…
Read more
Half of Hong Kong Residents See Crypto as Key to Finance’s Future, Yet Adoption Lags Behind Half of respondents in Hong Kong view cryptocurrencies as pivotal to the future of finance, mirroring the optimism seen across the region. However, actual adoption in the city tells a different story. Hong Kong’s crypto adoption rate stands at…
Read more
The Office for Attracting Strategic Enterprises (OASES) has successfully facilitated the entry or expansion of 66 strategic enterprises in Hong Kong, reinforcing the city’s reputation as a global hub for innovation and business. Key Highlights:New and Expanded Operations: About 60% of these enterprises have established new operations in Hong Kong, while the remaining 40% have…
Read more
The Mainland-Hong Kong Science and Technology Cooperation Committee has unveiled its 2024-2025 workplan, aimed at advancing innovation and technology (I&T) collaboration between Hong Kong and the Mainland. Key aspects of the plan include: Alignment with the Hong Kong Innovation and Technology Development Blueprint:Focus on establishing Hong Kong as a global innovation hub.Acceleration of strategic initiatives…
Read more
Hong Kong has maintained its standing in the 2024 World Justice Project Rule of Law Index, ranking sixth in East Asia and the Pacific and 23rd globally out of 142 countries and jurisdictions, the government announced. The Government of the Hong Kong Special Administrative Region (HKSAR) highlighted that Hong Kong continues to surpass several European…
Read more
