2024 07 12 – SINGLE FAMILY OFFICES: SINGAPORE AND HONG KONG CAN EXPLORE JOINING FORCES TO COURT SUPER RICH, SAY EXPERTS
Executive Summary:
Singapore and Hong Kong, traditionally seen as rivals for family office business, could benefit from greater collaboration, according to experts. Family offices often manage assets across multiple locations, and Singapore and Hong Kong are key hubs for these entities. Singapore offers a gateway to Southeast Asia, while Hong Kong is favored for its proximity to China and favorable tax environment.