Hong Kong promotes family offices to attract wealthy families

Hong Kong is making efforts to attract wealthy families to set up family offices. Two years ago, the government introduced measures to encourage this growth. William Louey Lai-kuen, a member of a well-known family in Hong Kong, shared his thoughts on these changes. He is the great-grandson of the founder of Kowloon Motor Bus. Louey stated that he plans to enhance his charitable work in the city. He also mentioned that many of his friends have increased their investments and charitable efforts following the government's initiatives. The new measures have welcomed newcomers and motivated existing family offices. They are now looking to expand their investments, art collections, and charity activities in Hong Kong. Louey believes these efforts can help build a stronger community in the region.