Hong Kong and Singapore have been competing to attract Asia’s wealthy families with benefits such as tax concessions and residency rights. However, while the competition is healthy, the two wealth hubs are missing out on potential opportunities for collaboration in the family office space, believes professor Winnie Peng from the Hong Kong University of Science and Technology. Peng believes Hong […]

The post Better together? Why Hong Kong and Singapore should team up on family offices appeared first on Asian Private Banker.

While family offices are on the rise in Hong Kong and Singapore, the need for effective governance to mitigate investment risk can be overlooked. In the years following the headline-grabbing collapse of Archegos Capital Management, have family offices learnt their lesson? This is according to Professor Winnie Peng, director of the Roger King Center for Asian Family Business and Family […]

The post Governance planning still lacking among Asia’s family offices appeared first on Asian Private Banker.

Family offices in mainland China will increasingly look to set up shop in Hong Kong in 2023 following the re-opening of the world’s second-biggest economy, according to a leading academic in this field. However, more work still needs to be done to attract family offices. Professor Winnie Peng, director of the Roger King Center for Asian Family Business and Family […]

The post Why China’s family offices are setting their sights on Hong Kong in 2023 appeared first on Asian Private Banker.

As families and individuals in China create more wealth, family businesses and offices are looking at how they should approach investments to acclimate to this new landscape, according to researchers at the Roger King Center for Asian Family Business and Family Office  at the HKUST Business School. At a media roundtable on October 18, Winnie Peng, director of the centre, […]

The post How China’s “new wealth” is fuelling family office demand appeared first on Asian Private Banker.