专访香港投资推广署方展光：香港家办的三大核心优势

Core Insights - Hong Kong has successfully attracted over 200 family offices, surpassing the target set in the 2022 Policy Address, with a new goal to increase this number by at least 220 by 2026-2028 [1][2] - The capital market in Hong Kong has shown significant growth, with IPO fundraising reaching HKD 182.9 billion this year, a 229% increase from last year [1][2] Group 1: Advantages of Hong Kong for Family Offices - Hong Kong's unique approach allows family offices to manage global assets from a local base without relocating physical assets, appealing to internationally diversified families [3] - The legal environment in Hong Kong, based on common law, provides a reliable framework for international investors, enhancing asset protection [3] - The currency peg to the US dollar offers monetary stability, supported by foreign exchange reserves equivalent to 1.7 times the money supply, ensuring liquidity even during financial crises [3] Group 2: Ecosystem and Policies - Hong Kong's flexible ecosystem allows family offices to collaborate with various professional institutions without a centralized licensing system, fostering diverse family office models [4] - The strategy of "bringing in and going out" is supported by a network of over 60 top international and Chinese financial and professional institutions, facilitating investment opportunities both into and out of China [4][5] Group 3: Non-Financial Core Competencies - Family offices are increasingly focusing on non-financial aspects such as family governance, education for the next generation, and philanthropy, with Hong Kong providing a robust legal framework for charitable activities [6] - The establishment of charitable foundations in Hong Kong not only optimizes tax structures but also serves as a platform for training future generations in responsible wealth management [6] Group 4: Development Stages and Future Vision - The development of family offices in Hong Kong is categorized into three stages: 1.0 focuses on empowerment and narrative, 2.0 emphasizes the synergy between family businesses and family offices, and 3.0 aims to create a complete capital lifecycle ecosystem [7][8] - The long-term vision includes establishing Hong Kong as a hub for the entire capital journey, from early-stage financing to post-IPO asset management [7][8] Group 5: Unique Value for Chinese Families - Hong Kong offers unique resources and expertise for Chinese families, particularly those transitioning from the first to the second generation, integrating Eastern and Western practices [9] - Financial and legal tools, such as international trusts, are available to help families manage ownership and control, ensuring smooth transitions and effective distribution of interests [9]