Page 3 - Patrick Tsang News Today

© Provided by Xinhua TIANJIN, June 28 (Xinhua) -- With its enormous market scale and consistent efforts on advancing its green transition, China is exp

© Provided by Xinhua TIANJIN, June 28 (Xinhua) -- With its enormous market scale and consistent efforts on advancing its green transition, China is exp

The private investment company of Hong Kong’s billionaire Cheng family, Chow Tai Fook Enterprises, proposed on Tuesday a buyout of up to HK$35.5 billion ($4.5 billion) for NWS Holdings, the infrastructure arm of the family’s property giant New World Development.

We pick out some of the most perceptive and memorable quotes from the guests on past episodes of our Crazy Smart Asia podcast.

The chairman of global family office Tsangs Group and the HKAC on growing up in Belfast, moving from law to investment and the importance of telling positive stories.

The tax concession for family-owned investment holding vehicles will bring more certainty of tax treatment of assets as they appreciate in value, one expert told AsianInvestor.

Hong Kong needs to attract and nurture professionals with expertise in ESG investing, Web 3.0, and relevant niche technologies, to counter the brain drain and establish itself as a family office hub, family offices said.

The White House is reportedly planning to issue "unprecedented" rules for American firms on investments in China's tech sector around G7 summit scheduled for May 19. AsianInvestor takes a pulse check of how this could affect investment flows to the region.

CPP Investments' Asia equities specialist departs; Ontario Teachers' shutters China equities team; JPMAM hires former Fidelity research expert; Temasek vice chair tapped for Milken Institute; Allianz GI hires from Goldman Sachs AM; and more.

Many Middle Eastern investors are interested in setting up family offices in Hong Kong due to the opportunities in the Greater Bay Area, says Amy Lo, UBS’ Hong Kong head.