Jay Wu’s Post

In a recent interview with us, Christopher Hui, Secretary for Financial Services and the Treasury Bureau (FSTB), noted that Hong Kong, as a global financial hub, needs to constantly reform and innovate to capitalize on emerging opportunities persist amidst three major trends observed in global capital market, namely asset allocation and diversification, digital economy, and green transition. As of 31 December 2023, Hong Kong had 2,703 single family offices (SFO), according to a market study by Deloitte.The study was commissioned by FamilyOfficeHK, an arm of Invest Hong Kong.     During the interview, Christopher Hui shared that currently over 140 families have expressed interest or have already set up family offices in Hong Kong. He expressed confidence that the goal of attracting 200 new family offices by 2025 is achievable.       In response to bad-mouthing about Hong Kong’s financial market, Christopher Hui stated, “true gold fears no fire”. He emphasized that despite external criticism, let the data speak for itself, which demonstrates significant development in Hong Kong’s financial market. #GBAFinanceShow Full Interview: https://lnkd.in/g2TmTzVp

On October 16, John Lee, Chief Executive of the Hong Kong Special Administrative Region, delivered his third Policy Address, entitled "Reform for Enhancing Development and Building Our Future Together." The address covered a broad range of areas, including finance, innovation, technology, and talent. The Policy Address outlined Hong Kong’s plan to establish an international gold trading market. Gary Ng, Senior Economist for Asia-Pacific at Natixis, noted that gold has been a key focus in financial markets in recent years, with rising demand for both investment and consumption. Establishing an international gold trading platform in Hong Kong leverages the opportunities arising from this trend. However, further policy support will be needed to enhance Hong Kong’s market competitiveness and develop its unique positioning in the global gold market. The Policy Address also proposed further optimizing the securities market and encouraging large mainland enterprises to list in Hong Kong. Edward Au, Southern Region Managing Partner at Deloitte China, remarked that several large companies have already been listed or filed for IPOs in Hong Kong this year, which shows that the city remains a favored destination for mainland companies seeking overseas listings. With the continuous rollout of mainland economic stimulus policies and increasing certainty around the Fed's rate cuts, we are likely to see more companies listing in Hong Kong. If the positive momentum in Hong Kong's IPO market continues, total fundraising could reach the upper forecast of HK$80 billion, securing its position as the fourth-largest IPO market globally. Read:https://lnkd.in/gkHW-YrG

In her latest commentary for HKET, our Endowus Head of Hong Kong Steffanie Yuen shared her perspectives on emotions and investing, drawing some parallels to the main characters in the recently released film, "Inside Out 2". Here are a few key take-aways: ☝️ There isn't a one-size-fits-all way to invest. Build an investment strategy that works for you. 😐 Keep your emotions in check, especially when markets are volatile and the propensity to make rash decisions heightens. 🏃♀️ Seek help if and when you need it. Professional advisors like Endowus can guide you in your journey and support you in making objective investment decisions. 🥅 In summary, invest according to your risk tolerance levels and long-term goals, and not with your heart. Many thanks to Hong Kong Economic Times for featuring Steff's piece. Read the full article here: https://hk.endw.us/3A0NJ9m #Endowus #EndowusHK #InvestBetter Investment involves risk. Please refer to our T&C and disclaimer at https://hk.endw.us/legal. This social post has not been reviewed by the SFC. Endowus HK Limited is licensed (CE No. BQR225) by SFC for Type 1 (Dealing in Securities), 4 (Advising on Securities) and 9 (Asset Management) regulated activities.

We are pleased to have our CEO Cameron Harvey featured in the Financial Times (Chinese edition) over the weekend: “Hong Kong Reclaims Asia’s Top Financial Centre Spot and Global Top 3”. Cameron shared “Hong Kong’s deep capital markets, supportive policies, robust regulation, and favorable tax system make it a premier global bridge for investors.” 📈 Why Hong Kong Stands Out: • HKD 31 trillion in managed assets (2023). • HKD 390 billion net capital inflows (+3.4x YoY). • 80% of global offshore RMB transactions handled here. • Over 750 new family office inquiries by May 2023. The Financial Times (Chinese Edition) further underscores how Hong Kong’s supportive government initiatives, such as the Capital Investment Entrant Scheme and tax concessions, are revitalizing its appeal to family offices and high-net-worth investors. 🔗 Read more from the Financial Times (Chinese Edition): https://lnkd.in/gJ7arpyd #HongKongFinance #FamilyOffice #WealthManagement #LandmarkFamilyOffice

Hong Kong’s highly efficient and well-established financing platform, diversified investment vehicles and proven track records of attracting global capitals have made it a leading fundraising centre as well as an ideal deal-making hub for the Belt and Road (B&R) projects. Thanks to the concerted efforts of our government, regulators and industry players. Under the B&R initiative, Hong Kong’s finance institutions play an important role in helping Mainland enterprises and capital go abroad, and contribute to the high-quality financial development and building of a financial powerhouse based on the national strategies. The newly released Policy Address has announced a series of supportive measures to strengthen Hong Kong’s competitiveness, including seeking to collaborate with sovereign wealth funds in the B&R regions, boosting market efficiency and lowering transaction costs, etc. It is believed that these initiatives will support Hong Kong to play a bigger role in the B&R development, and further open up new opportunities for the finance and related sectors. #finance #BeltandRoad

At the Caijing Sanya Financial Forum, Jerry Li Discussed Cross-Border Investment and the Future of QDLP Policy On December 1st, Jerry Li, Founder & Managing Partner of ewpartners, took center stage at the influential Caijing Sanya Financial Forum(@Caijing Magazine), one of Hainan’s most high-profile international forums. The forum brings together global leaders to shape the future of wealth management and cross-border investment. Key Insights from Jerry Li’s Talk: #CrossBorderInvestment: ewpartners has been pioneering two-way investments between China and the Middle East, unlocking new opportunities in emerging markets. #QDLP Policy: Jerry emphasized the transformative potential of China’s QDLP program for international investors, urging further facilitation of this initiative in #freetradezones like #Hainan to drive global economic growth. As China continues to open its capital markets, Jerry believes the QDLP framework will be key to fostering stronger, more sustainable investment flows across borders. Read Jerry Li's full speech on Caijing below. #CrossBorderInvestment #QDLP #GlobalOpenness #ewpartners #SanyaForum #FinancialInnovation #InvestInChina #MiddleEastInvestment

As part of a regular commentary series with Hong Kong Economic Times, our Endowus Head of Hong Kong Steffanie Yuen shared her perspectives on bond investments. - The global bond market is more intricate compared to the stock market, which makes it difficult for Exchange Trade Funds (ETFs) to replicate the performance of the index. - Unlike stock market value, the amount of debt a company issues is not directly related to the quality of its bonds. - Due to the maturity date of bonds, companies have to constantly issue them, resulting in a higher frequency of updated bond indexes and therefore higher transaction costs. - Bond indice ratings tend to be delayed behind real-time credit conditions. Every investment product has its positives and negatives. Steff highlights one's understanding of their return expectations and risk tolerance is a key factor to consider when investing. Many thanks to Hong Kong Economic Times for featuring Steff's article. Read more here: https://lnkd.in/gpfvaqsr #EndowusHK #BondInvestment #InvestBetter Investment involves risk. Please refer to our T&C and disclaimer at https://hk.endw.us/legal. This social post has not been reviewed by the SFC. Endowus HK Limited is licensed (CE No. BQR225) by SFC for Type 1 (Dealing in Securities), 4 (Advising on Securities) and 9 (Asset Management) regulated activities.

【Interview with Lei Xing, Chief Economist of Harbour Family Office: Focusing Value Creation, the Offensive and Defensive Strategies of Family Offices】 🌍 The surge in Hong Kong insurance orders in Q1 2024 reflects the rigid demand for wealth preservation amid economic uncertainty. For high-net-worth individuals, safeguarding and passing on wealth has become a new challenge. In this new era, single investment strategies are no longer effective; comprehensive solutions have become mainstream, bringing family offices into the spotlight. 🖊️ Recently, we had the privilege of conducting an in-depth interview with Lei Xing, Chief Economist of Harbour Family Office. We discussed topics such as macroeconomics, asset allocation strategies, and the development trends of family offices. Here are some key takeaways from our conversation: ✨ How to seize investment opportunities amid global uncertainties? ✨ How do family offices effectively manage risks? ✨ How can family offices establish differentiated advantages? Click the link to explore the full article: https://lnkd.in/gJktvHt2 #Futu #Futuie #HarbourFamilyOffice #WealthManagement #AssetAllocation #FamilyOffice #Economics #InvestmentStrategies

“Hong Kong should never be complacent but keep moving forward vigorously. Various sectors, such as the culinary industry, need to transform to attract both tourists and locals to stay and spend. Otherwise, Hong Kong will be obsolete.” Frederick Ma, Group Chairman of FWD Insurance, told the reporter of Southern Finance Omnimedia at Opportunities Hong Kong. Since Hong Kong fully reopened its borders to normalcy in 2023, HK government has introduced a series of policies to enhance economic and trade exchanges with mainland and overseas. Also, the governemnt has stepped up efforts to support enterprise innovation, and promote economic recovery. Private consumption, contributing to more than 70% of Hong Kong's economy, serves as a significant driver for the ongoing economic recovery. In response to recent badmouthing of economic decline in Hong Kong by western media in recent years, Frederick Ma said that following the enactment of the national security law, Hong Kong has achieved a ful restoration of stability. With Hong Kong transitioning from a state of turmoil to order and economic growth, it's imperative for both the government and the business community to enhance their public relations efforts to counter any biased narratives that could impact the global perception of Hong Kong. Read：https://lnkd.in/gfDF_ibs

This week, our Head of Hong Kong Steffanie Yuen shared her thoughts about the recent rate cuts. Here are some key takeaways: With another cut expected later this year, the attractiveness of holding cash has diminished, prompting investors to reconsider their asset allocation. 1) Fixed-income investments may offer more consistent returns. 2) Short-duration bonds could be suitable for conservative investors, while long-duration bonds are for those with higher risk appetites. 3) High credit rating bonds carry lower risk, while low credit rating bonds offer higher yields but greater risk. 4) U.S. economic data in the coming months as well as the results of the U.S. presidential election will continue to rattle the markets but consider removing these distractions and investing for the long term. Read the full article here: https://hk.endw.us/3A09vKy #EndowusHK #RateCut #Fixedincome Investment involves risk. Please refer to our T&C and disclaimer at https://hk.endw.us/legal. This social post has not been reviewed by the SFC. Endowus HK Limited is licensed (CE No. BQR225) by SFC for Type 1 (Dealing in Securities), 4 (Advising on Securities) and 9 (Asset Management) regulated activities.