With the rapid growth of family offices in the region, Zhu believes the organization can make a positive impact in the community. The foundation, a non-profit organization, will facilitate activities in Hong Kong that allow its global members to collaborate, network, and raise funds for charity projects focused on education, cultural heritage protection, and community services across Asia.
Notably… Zhu mentioned that many of the foundation’s 120 members comprise overseas family offices interested in learning aboutHong Kong’s policies and regulations. Recently, Hong Kong’s Financial Secretary Paul Chan Mo-po announced the launch of the Hong Kong Academy for Wealth Legacy’s Impact Link database, aiming to connect donors with charitable projects.
This development is part of the city’s efforts to attract wealthy families to set up offices inHong Kong, “focusing on investments,” “philanthropy.”.. and succession planning.
More details: Found here
In The News:
Breaking China, Asia, HK News, Opinions and Insights | South China Morning Post
The BBM combines multiple functions that can be adaptively used in extremely challenging geological conditions, CRSIC said.
Qatar is emerging as a potential destination for Chinese businesses and investment looking to find a way into the Middle East or Africa, with more companies showing interest in setting up a foothold in the Persian Gulf.
Investors will need to see more positive signals from the market before calling a stabilisation, US bank says, as expectations of declining prices and shrinking incomes, plus jitters about home delivery will continue to keep homebuyers at bay.
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Global Family Office Foundation Chooses Hong Kong As Regional Base For Charity, Educational Work | South China Morning…
• The Asian Family Legacy Foundation has been established in January and aims to bring together family offices in Hong Kong for charity work and cultural exchanges. 2. The foundation’s founder, Zhu, has experience setting up a similar foundation in the US and believes the concept will work in Asia, given the region’s growing number of family offices. 3. The foundation has 120 members, including overseas family offices that want to learn about Hong Kong’s policies and regulations. 4. The Hong Kong government has introduced measures to attract wealthy families to set up offices in the city, including the launch of the Impact Link database to connect donors with charity projects, and aims to have 200 large family offices operating in the city by 2025.
