Right Time Asset Management expands with family office operation in Hong Kong to tap GBA opportunities
Right Time Asset Management Company Limited officially unveiled its new family office in Hong Kong today (8 July 2022), leveraging the city's status as an international financial centre to expand its family office business in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and helping ultra-high-net-worth individuals (UHNWIs) in the region to invest in Hong Kong's capital market.
(From left) the President and CEO of Right Time Asset Management Company Limited, Mr Chen Dong; the Chairman of the China Family Wealth Manager Association and Chief Executive Officer of Kylin International (HK) Limited, Mr Steven Wang; the Head of Financial Services and Global Head of Family Office at Invest Hong Kong, Mr Dixon Wong; and the Founder, President and Chairman of Wonderful Sky Financial Group, Mr Tony Liu
(From left) the Vice President of Family Office at Invest Hong Kong (InvestHK), Ms Daphne Duan; the Chairman of the China Family Wealth Manager Association and Chief Executive Officer of Kylin International (HK) Limited, Mr Steven Wang; the Managing Director, Private Wealth Management, Haitong International Securities Company Limited, Ms Monica Ma; the Vice Chairman of IKD Co Ltd and Founder of Leangen Family Office, Mr Hong Sheng; the President and CEO of Right Time Asset Management Company Limited, Mr Chen Dong; the Head of Financial Services and Global Head of Family Office at InvestHK, Mr Dixon Wong; the Founder, President and Chairman of Wonderful Sky Financial Group, Mr Tony Liu; the Chairman of Ding Yu Capital Management Company Limited, Mr Zhang Ruiqiang; Director of Credit Suisse AG Hong Kong Branch Mr Bain Li; and the Global Business Advisor, Right Time Asset Management Company Limited, Mr Steven Zhou
The number of UHNWIs in Asia and their net assets have continued to increase in recent years. There are approximately 80 000 ultra-high-net-worth families in Greater China, of which more than 20 per cent live in the GBA. Hong Kong, as a leading financial centre in Asia, offers a highly transparent and robust regulatory system for the financial services industries such as banking, securities and futures, insurance and retirement schemes. These industries adhere to the best global practices and standards, lifting confidence among foreign companies to do business in the city.
The Hong Kong Government is committed to maintaining the city's international financial centre status, capitalising on the opportunities arising from the national Belt and Road Initiative and the GBA development proactively and holistically, and further strengthening its role as a facilitator and promoter. The launch of the Cross-boundary Wealth Management Connect Scheme in the GBA adds to the appeal for family offices in the region.
Right Time Asset Management Company Limited sees an increasing demand for financial investment services from ultra-high-net-worth clients, especially in the GBA. That's why it added its family office in Hong Kong to seize this opportunity to expand its business in the region, and is planning to partner with different service providers in offering a series of comprehensive and professional family office services to its clients, according to its President and CEO, Mr Chen Dong.
Associate Director-General of Investment Promotion Mr Charles Ng welcomed Right Time Asset Management Company Limited's expansion of family office business in Hong Kong. He said, "The city, as part of the GBA, has a prudent and robust financial regulatory regime with a well-educated workforce and free flow of capital. It is an ideal place for Right Time Asset Management Company Limited to expand its business in the region."
About Right Time Asset Management Company Limited
Right Time Asset Management Company Limited was incorporated in Hong Kong in October 2016. It is licensed for Type 4 (Advising on Securities) and Type 9 (Asset Management) from the Securities and Futures Commission. Its board of directors and management team have extensive experience in global asset management and financial investment. For more information, please visit www.rtamc.com.hk.
About Invest Hong Kong
Invest Hong Kong 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.
For a photo, please visit www.flickr.com/photos/investhk/albums/72177720300394224.
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