Mainland wealth management company sets up multi-family office in Hong Kong
Mainland wealth management company Homaer International officially unveiled its new multi-family office today (29 June 2023), adding to the city's drive to become the region's most sought-after family office hub.
The Global Head of Family Office at Invest Hong Kong, Mr Jason Fong (first right); the Founder and Chief Executive Officer of Homaer International, Mr Benny Ye (second right); Professor of Finance at the University of Hong Kong, Professor Chen Zhiwu (centre); the Chief Executive Officer of Homaer International (HK), Mr James Liu (second left); and the Chief Executive Officer of Homaer International (US), Mr George Chen (first left)
The company provides global asset allocation solutions to high net-worth clients, including asset management, investment consultation, financial advice, wealth management and other services. It is committed to helping its clients preserve, add value to and manage inheritance matters for their wealth, according to the Founder and Chief Executive Officer of Homaer International, Mr Benny Ye.
Mr Ye said that the company decided to set up a multi-family office in Hong Kong not only because the city offers the financial products that it needs, but also because it provides first-class professional services and a transparent and efficient legal and business environment that is vital to its operation.
He said, "Hong Kong has a well-developed and stable economy, making it a favourable location for family offices to invest and manage their wealth. Together with its low tax system and sophisticated and efficient banking system, the city is a great place for family offices to manage their funds."
He added, "Many family offices see Hong Kong as a strategic location to access Asian markets. Its location and business-friendly environment make it an ideal launch pad for businesses looking to expand across Asia and the other parts of the world."
At the opening ceremony, the Global Head of Family Office at Invest Hong Kong, Mr Jason Fong, emphasised the ample economic benefits that family offices offer Hong Kong in terms of jobs, capital investment and the philanthropy sector. "A comprehensive family office ecosystem offers a range of economic and other social benefits to Hong Kong. For example, such businesses provide plenty of high-quality job opportunities for our workforce in the financial and related sectors, and contribute to the local economy by actively investing in start-ups, venture capital as well as private philanthropy."
About Homaer International
Established in 2014, Homaer Financial is headquartered in Hangzhou with branch offices in Hong Kong, New York, Cayman Islands, etc. The core team of Homaer is sophisticated in the field of investment. For more information, please visit www.homaer.com.
About InvestHK
InvestHK is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.
To view a photo, please visit www.flickr.com/photos/investhk/albums/72177720309402470.
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