

CPA Australia urges Hong Kong for reforms to boost financial hub status
CPA Australia has urged the Hong Kong government to enact further reforms in the upcoming Policy Address to strengthen the city’s...
Sep 23, 2024


Malaysia offers 0% tax to attract family offices to Forest City
Malaysia is offering tax incentives to attract family offices and revive interest in Forest City, a USD100bn development near Singapore....
Sep 23, 2024


Hong Kong ranks eighth globally with 320 centi-millionaires
Hong Kong ranks eighth globally with 320 centi-millionaires (individuals holding more than USD100m in assets), following Beijing,...
Sep 20, 2024


Asia-Pacific leads in public equity allocations among family offices
Family offices worldwide are moving cash into bonds and equities, with nearly half expecting returns above 10% over the next year,...
Sep 19, 2024


Private equity AUM set to double by 2029, driven by family offices
Growing interest from family offices and individual investors will drive a 106% increase in private equity assets under management (AUM)...
Sep 19, 2024


Singapore’s MAS awards tax incentives to 1,650 single family offices by August end
The Monetary Authority of Singapore (MAS) has awarded tax incentives to about 1,650 single family offices (SFOs) as of the end of August,...
Sep 18, 2024


Hong Kong’s family office summit draws increased global interest
Hong Kong’s efforts to attract family offices are gaining traction, evidenced by increased attendance at the latest summit hosted by the...
Sep 17, 2024


Asian family businesses turn to private equity amid succession gaps
Family-owned businesses in Asia are increasingly turning to private equity firms to drive growth as fewer heirs step forward and...
Sep 16, 2024


Deloitte signs 50 deals to support family offices in Hong Kong
Deloitte has signed around 50 engagement letters since May 2023 to assist family offices from mainland China and Southeast Asia in...
Sep 12, 2024


Digital family office Arta Finance secures EDBI funding
Arta Finance, a US-based digital family office, secured a strategic investment from EDBI, the venture capital arm of Singapore’s Economic...
Sep 12, 2024


McKinsey report highlights investment opportunities in APAC family offices
Banks and insurers in Singapore and Hong Kong are poised to capitalise on the burgeoning family office sector, which manages...
Sep 10, 2024


Hong Kong to boost philanthropy among wealthy family offices
Hong Kong Chief Executive John Lee Ka-chiu announced plans to transform Hong Kong into a major philanthropic hub. Speaking at the Hong...
Sep 10, 2024


Deloitte: Family offices to dominate with USD9.5tr by 2030
Family offices globally are experiencing substantial growth, with total wealth projected to surge from USD5.5tr to USD9.5tr by 2030, a...
Sep 6, 2024


Wealthy in China turn to stocks as collateral amid liquidity crunch
Amid liquidity challenges, affluent individuals in Hong Kong and mainland China are increasingly utilising private lending services,...
Sep 4, 2024


Christopher Cheng named co-CEO in HK family office shake-up
Hong Kong billionaire Henry Cheng’s family office has appointed his son, Christopher Cheng, as co-chief executive, overseeing North Asia...
Sep 3, 2024


China’s top billionaires lose USD16bn in stock rout
Record stock selloffs in China’s leading consumer companies wiped over USD16bn from the fortunes of the nation’s richest individuals,...
Aug 29, 2024


Family offices drive private asset surge in SE Asia: Preqin
Southeast Asia-based limited partners (LPs), led by family offices, are increasingly allocating funds to private assets, according to a...
Aug 22, 2024


Hong Kong bolsters wealth hub status with over 2,700 family offices
Hong Kong reported over 2,700 single-family offices last year, according to a Deloitte survey, marking a significant boost in its...
Aug 20, 2024


Family offices shift from cash to bonds and stocks in Q2 2024
In the second quarter of 2024, global family offices reduced their cash holdings to increase investments in fixed income and equities,...
Aug 19, 2024


Adrian Cheng predicts Hong Kong's wealth boom
Hong Kong is rapidly emerging as a top global financial center, attracting the world's wealthiest individuals. Adrian Cheng, CEO of New...
Aug 15, 2024






