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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.