21/01/2023
Thank you all guests attending to the recently hosted Singapore – The Hong Kong Investor Luncheon co-hosted by the Good City Foundation and the Hong Kong Economic and Trade Office, Singapore (Singapore ETO) at The Fullerton Hotel Singapore on January 12, 2023.
Sponsored by the Hong Kong ETO in Singapore and supported by the Vietnam Business Exchange and Tsangs Group, the luncheon was part of the 7th Future City Summit hosted by the Good City Foundation and the Invest Hong Kong, an annual curation that gathers key stakeholders in Asia who drives the agenda of sustainable development in cities.
Attended by representatives from some 40 well-known family offices, asset management firms and venture capital firms, including the Tsangs Group, Golden Vision Capital (Singapore) Pte Ltd, AXSA Wealth Management, VCG Partners, SilverSea Asset Management, AsiaInvest Group, Rigel Capital Management, Golden Gate Ventures, Click Ventures, Aimpact Capital and Plug and Play Tech Center, the luncheon was addressed first by Ms Peggy Tse, CFA, Chief Strategy Officer of the Good City Foundation, and Mr Stephen Phillips (傅仲森), Director-General of Investment Promotion at Invest Hong Kong, followed by a keynote speech by Mr Joseph Chan, Under Secretary for 財經事務及庫務局 Financial Services and the Treasury Bureau of Hong Kong Special Administrative Region Government.
The luncheon was served over an interactive session between Ms Christine Ho, Deputy Global Head of FamilyOfficeHK and Ms Angel Chia, Chairlady of the Family Office Association Hong Kong. Along with the reopening of Hong Kong, the Hong Kong government has proposed a new tax exemption regime to attract ultra-high-net-worth individuals to set up single family offices in the city. Tax concessions will be provided to family-owned investment holding vehicles (FIHVs) managed by single family offices with a capital of over HK$240 million, with profits tax exemptions for qualifying transactions.
As the city sets out to attract more next-generation talents and strategic enterprises, it is also determined to nurture a young generation of leaders in sustainable finance, impact investment and social entrepreneurship, through match-making between global finance and philanthropic endeavors.