The Business Times

Wang Xiaoqing

Some banks in Hong Kong have extended the hours of certain branches to accommodate mainland customers, who tend to show up on weekends.

Chinese mainland savers rush to Hong Kong to capitalise on higher returns, less risk

HONG KONG has become a hot destination for Chinese mainlanders to park their money as a turbulent onshore capital market has led many to hunt for lower-risk investments overseas.

Hong Kong only set up a specialised family office task force in June 2021 – two years after Singapore set up its own – but is stepping up efforts and plans to roll out a tax concession for investment profits earned by single family offices.

Hong Kong steps up efforts to lure billionaires to set up family offices

HONG Kong officials are planning roadshows across the Middle East, Europe, South-east Asia and the Chinese mainland to lure the super-rich to set up family offices in the city, as part of a strategy t...

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