Zheng Zhigang, the heir of the four major families in Hong Kong and CEO of New World Development, predicts that with Hong Kong's increased efforts to attract and retain more billionaires and his heirs, Hong Kong will become the global family officeThe first choice destination.
According to Bloomberg, Zheng Zhigang, the chairman of the board of directors of the Hong Kong Institute of Wealth Heritage, said that he was very confident that Hong Kong became the world's first in family wealth management.
The Hong Kong Institute of Wealth Heritage was established by the Hong Kong Government to establish the Financial Development Bureau last year, which aims to help Hong Kong develop and promote the center of the global super rich.
Zheng Zhigang did not make it clear that the specific time framework of this goal, but he added that this may be realized within the "mid -term".A study released by the Hong Kong Government commissioned Deloitan this year estimates that by the end of 2023, it is estimated that there are more than 2,700 single family offices in Hong Kong, of which about one -third of them have at least $ 100 million (S $ 132 million) assets.
Zheng Zhigang said that Hong Kong has tens of thousands of wealth management practitioners. They have been serving the rich family for decades, which has made Hong Kong more advantageous compared to other financial centers.He added that it was not only related to capital, but also included values.
He also said that the Hong Kong Institute of Wealth Heritage hopes to become a "super connector" seeking to set up a family office in Hong Kong, and pays special attention to the second generation of wealth owners and governance issues.He also added that the agency will hold a summit next month, which is expected to attract more than 100 family offices to participate.
