Hong Kong rolls out red carpet to offer city as Asian family offices hub to manage the fortunes and investments of wealthy clans

Hong Kong, with a record number of multimillionaires among the city’s population, is rolling out the red carpet to attract family offices to use the city as a regional hub for managing the fortunes and investments of wealthy clans.As many as 50 licensed family offices are operating in the city, two months after the Securities and Futures Commission (SFC) issued the first licensing guidelines for the industry. The local legislature passed a law in August to allow the establishment of limited…

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