InvestHK Promotes Hong Kong as Global Asset Management Hub at Lugano Finance Forum

InvestHK highlights Hong Kong's advantages as international asset and wealth management hub at Lugano Finance Forum

Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Charles Ng, spoke at the Lugano Finance Forum in Switzerland on November 19 (Lugano time). The gathering, which focused on asset management, investment tools and fundamental analysis, gathered a diverse array of investors and financial professionals. Mr Ng spoke in the panel discussion titled "Navigating Global Finance: Lessons from Luxembourg, Liechtenstein, and Hong Kong".

During the discussion, Mr Ng emphasised Hong Kong's pivotal role as a premier global asset and wealth management hub, in light of recent developments and policies that significantly bolster its competitive edge.

Mr Ng stated, "As highlighted in the recent Policy Address delivered by our Chief Executive in October, we are committed to further cementing Hong Kong's status as an international asset and wealth management centre. The Policy Address introduced vital measures, such as expanding cross-boundary financial services and enhancing green finance, aimed at attracting global investors and creating a vibrant and supportive environment for wealth management firms to thrive."

Furthermore, during his visit to London, Lugano, Milan and Paris from November 17 to 22, Mr Ng engaged in meetings and events, including the one with the Head of International Relations of the AIFO, the Italian Association of Family Offices,Mr Emanuele Giangreco, and President, Italy-Hong Kong Association,Mr Riccardo Fuochi, to explore avenues to strengthen business relations between Hong Kong and Europe.

"It was a pleasure to have met the representatives of the InvestHK's Family Office team and to have had the opportunity to discuss possible areas of co-operation, in order to foster mutual understanding between the Italian and Hong Kong family offices." Mr Emanuele Giangreco said.

"Hong Kong's strategic position as a gateway between East and West, coupled with its transparent regulatory framework and business-friendly tax regime, offers unparalleled opportunities for businesses aiming to expand their presence in Asia," Mr Riccardo Fuochi said.

As a member of the Network of Family Office Service Providers, Deloitte Hong Kong has helped facilitate high-level meetings with family office representatives and wealth managers. In these engagements, InvestHK showcased Hong Kong's unparalleled advantages and strategic initiatives tailored for global family offices. Notably, one such meeting was conducted at the London office of Mishcon de Reya, a renowned private client law firm known for its close collaboration with some of the world's most high-profile international ultra-high-net-worth families.

During the meeting in Milan, Partner of Deloitte, Mr Olderigo Fantacci, who is leading the Deloitte corridor between Hong Kong and Italy family offices, emphasised the potential investment opportunties for both sides. "The family offices business today has a lot of similarities to the private equity business during the 1980s and 1990s. Few people knew what it was and where it could go. Family offices investments are the new frontier and, considering the family business tradition of Italy and Hong Kong, a structured corridor with the support of Hong Kong Government bode well for fruitful and prosperous connections leading to a reinvigorated mutual flow of investment between the two economies".

Through these international engagements in Lugano, London, Milan and Paris, InvestHK continues to demonstrate Hong Kong's robust infrastructure, strategic initiatives, and commitment to excellence in asset and wealth management. These efforts are complemented by ongoing collaborations with global partners, ensuring the city remains at the forefront of the international financial community.

InvestHK highlights Hong Kong's advantages as international asset and wealth management hub at Lugano Finance Forum Source: HKSAR Government Press Releases

InvestHK highlights Hong Kong's advantages as international asset and wealth management hub at Lugano Finance Forum Source: HKSAR Government Press Releases

InvestHK highlights Hong Kong's advantages as international asset and wealth management hub at Lugano Finance Forum Source: HKSAR Government Press Releases

InvestHK highlights Hong Kong's advantages as international asset and wealth management hub at Lugano Finance Forum Source: HKSAR Government Press Releases

Hong Kong Public Libraries commends awardees of Reading Programme for Children and Youth

The Hong Kong Public Libraries (HKPL) of the Leisure and Cultural Services Department held a certificate presentation ceremony at the Hong Kong Central Library today (November 23) to commend its members who had participated in the 2023-24 Reading Programme for Children and Youth.

The programme continues to receive an overwhelming response and has recruited over 8 000 new members this year. Twenty-four members received Star of the Month awards for their reading reports, among which the nine best were awarded Reading Supernova. Nineteen members of the programme participating in the most sessions of the Monthly Meeting of Joyful Reading were awarded Elite of Joyful Reading medals.

The HKPL is committed to promoting reading and hopes that schools can encourage students to register for the programme. The Most Active School in Promoting Participation awards were presented to schools that successfully nominated the largest number of members in the year. This year's awards went to Chinese Methodist School, Tanner Hill; HKFYG Lee Shau Kee Primary School; SKH Tin Wan Chi Nam Primary School; Ho Ngai College (Sponsored by Sik Sik Yuen); and Tak Oi Secondary School.

Five schools with the highest total number of books read by their nominated members received the Most Active School in Promoting Reading awards. The winning schools are W F Joseph Lee Primary School, Hong Kong Baptist Convention Primary School, Tseung Kwan O Methodist Primary School, SKH Yan Laap Primary School and SKH Tin Wan Chi Nam Primary School.

Targeting children and youth from kindergarten to Secondary Six, the Reading Programme aims at arousing their reading interest, cultivating their reading habits, and encouraging them to share their reading tips and the joy of reading with other people. To promote paired reading, children from kindergarten to Primary Three can join the family category with their parents. People interested in participating in the Reading Programme may contact any public library or visit www.hkpl.gov.hk/rp.

This year's Reading Supernova winning works are now on display at the foyer of the South Entrance of Hong Kong Central Library until November 27. A roving exhibition will also be held at various public libraries later.

Hong Kong Public Libraries commends awardees of Reading Programme for Children and Youth Source: HKSAR Government Press Releases

Hong Kong Public Libraries commends awardees of Reading Programme for Children and Youth Source: HKSAR Government Press Releases