Xu Zhengyu, director of the Hong Kong Financial Affairs and Treasury Bureau, believes that the business market in the Asian family office is large enough, and the demand has become diversified, and it can tolerate the development of Hong Kong and Singapore.
For the Hong Kong National Security Law that affects Hong Kong's attraction and the status of consolidating the international financial center, Xu Zhengyu said that Hong Kong "everything is as usual."
Hong Kong Chief Executive Li Jiachao Sunday (July 23) visited Singapore for two days. Xu Zhengyu was one of the senior officials.He accepted a joint visit to Lianhe Zaobao and the Strait Times on Monday (July 24).
Xu Zhengyu said that a quarter of the world's high net worth individuals gathered in Asia, and the demand for households has become diversified.In addition to investment and asset management, it has expanded to heritage planning, charity arrangements, and art collection due to generations alternately.Xu Zhengyu therefore believes that the family office is not limited to the development of a single city.
Xu Zhengyu: Hong Kong is "super contact" in mainland China and the international international
Compared with the two places of New Hong Kong, Xu Zhengyu said that Hong Kong is a "super contact" of China Unicom China and international. Family or international investors can not only invest in Hong Kong, but also invest in the mainland through Hong Kong.He also said that Hong Kong has the advantages of a highly international business environment and the financial and professional service talent pool.
As for Singapore, Xu Zhengyu believes that investors want to radiate the Asian metropolitan market through Singapore, "this is a very important element."He said that Hong Kong hopes to jointly promote the accumulation of economic activities and wealth with Singapore to benefit both households.
The Singapore Family Office has grown at a high speed in the past two years.According to the data released by the Financial Administration at the end of last year, as of the end of 2021, there were about 700 richest people in Singapore, an increase of 75%over 2020.The latest data shows that the number of single -handed tax discounts from the Financial Management Bureau increased from 700 in 2021 to 1,100 at the end of 2022.
The Hong Kong Financial Affairs and Treasury Bureau held the "Yuze Xiangjiang" Home Office Summit Forum in March this year.Open a business department or expand its business in Hong Kong.According to media reports, market participants estimated that there are currently 200 to 400 households in Hong Kong.
Hong Kong's vigorous development of the household office, in response to the competition from Singapore, at the same time curb the loss of financial talents caused by the implementation of the National Security Law and epidemic control measures to Singapore?Xu Zhengyu denied this.
He emphasized that Hong Kong Development Household Office is because of "international financial centers and professional talents", which is suitable for providing home services.
The policy measures for the launch of the eight major development households in Hong Kong include, the capital investor entry plan, the provision of tax width reduction, the provision of convenient market measures, the establishment of the Hong Kong Fortune Inheritance College, the promotion of the art storage facilities of the airport, and the development of the Hong Kong Chengcheng Charity Center, etc.Essence
Officially revealed that since the policy declaration was introduced, the Hong Kong Investment Promotion Agency's specialized team has received nearly 100 inquiries from households from all over the world.
Hong Kong has also enthusiastically embraced cryptocurrencies in recent years, and has allowed retail trading to be allowed on June 1.
After many cryptocurrency companies have occurred in 2022, many countries including Singapore have strengthened the supervision of cryptocurrencies.Xu Zhengyu said that Hong Kong has also adopted regulatory measures, including limited currencies that meet the standards to be traded.He pointed out that cryptocurrencies can help enhance the circulation of economic systems, but it does contain anonymity and potential risk of money laundering.
After experiencing an anti -repair movement, Hong Kong implemented the National Security Law in 2020.Regarding whether the National Security Law affects the financial business such as the development of Hong Kong's development and cryptocurrency, Xu Zhengyu explained the situation in Hong Kong with "ABC", and also said that the deposit of the Hong Kong banking system increased by about 10 % after the implementation of the National Security Law.
A is ASIA (Asia).B is Business as usual.Xu Zhengyu said that the National Security Law actually provides a stable social environment for Hong Kong, and the rule of law environment is also running.
C is Connectivity.Xu Zhengyu said that Hong Kong, as the International Financial Center Unicom world, includes various Unicom plans such as the Greater Bay Area with Mainland China. "This is very unique in Hong Kong and can combine the advantages of the Mainland and international advantages."
