Day: July 31, 2026

Hong Kong Fiduciary Association Limited Successfully Held The Global Family Office New Era Summit (Kuala Lumpur)

On 22 July, Hong Kong Fiduciary Association Limited successfully held the “Global Family Office New Era Summit” in Kuala Lumpur, Malaysia. Under the theme Honouring Legacy, Shaping Tomorrow” , this summit gathered leading figures from the global wealth management sector and was dedicated to establishing a high-quality platform for exchange and cooperation within the international wealth management industry. Scenes from the Global Family Office New Era Summit In recent years, as the global wealth management landscape has continued to evolve, family offices have become a key vehicle for wealth inheritance. Leveraging its strengths as an international financial centre, a well-developed professional ecosystem and its strategic location, Hong Kong is emerging as a major hub for the development of family offices in Asia. Recent data shows that the number of single family offices in Hong Kong has surpassed 3,300, more than half of which have assets under management exceeding US$51 million, further cementing Hong Kong’s position as Asia’s leading family office hub. Against this rapid growth, nearly 300 political and business leaders, wealth management experts, and industry representatives gathered to discuss what lies ahead for the sector. Hong Kong Fiduciary Association Limited invited senior government officials including The Honourable Christopher Hui, Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region, and also Tan Sri Dato Sri Ong Tee Keat, Former Minister of Transport, Malaysia and President of Belt and Road Initiative Caucus for Asia Pacific (BRICAP), to attend our summit and deliver keynote speeches for us. The summit also gathered representatives from the world’s leading professional organisations, including local law firm in Hong Kong with a century of history – Deacons; One of the world’s Big Four accountancy firms – KPMG; Licensed digital asset trading platform in Hong Kong – HashKey Cloud; Licensed trust services provider – Hong Kong Trust Capital Management Limited; and also Inheritance Asset Management Limited with Hong Kong Securities and Futures Commission License Type 4 & Type 9. The experts engaged in in-depth discussions on cutting-edge topics such as global wealth management, cross-border financial cooperation, digital assets, development of stablecoins and innovations in trust services, and jointly explored development opportunities for family offices in the new era. Group Photo of Guests at the Global Family Office New Era Summit As a major industry event transcending geographical boundaries, this summit not only witnessed in-depth exchanges between Hong Kong, China and Malaysia in the fields of finance and wealth management, but also reflected the shared aspirations of the Asia-Pacific family wealth management sector for high-quality development. Government and business leaders gathered in Kuala Lumpur to discuss development opportunities for global family offices At the beginning of the summit, Mr. Mong Chung Chee, President of Hong Kong Fiduciary Association Limited in Asia Pacific region, delivered the speech on behalf of the organizer. He noted that, as the global wealth management landscape continues to evolve, Hong Kong has been steadily strengthening its competitive edge as an international family office hub, thanks to its mature common law system, status as an international financial centre and well-developed professional services ecosystem. Under this circumstance, Hong Kong Fiduciary Association Limited will continue to leverage its strengths as an international platform to gather global professional institutions and high-quality resources, thereby driving innovation and development within the family office sector and creating more opportunities for cross-border collaboration and international growth for entrepreneurs and high-net-worth individuals. Mr. Mong Chung Chee, APAC President of Hong Kong Fiduciary Association Limited, delivered the Welcome Address on behalf of the organiser Subsequently, The Honourable Christopher Hui, Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region, delivered a keynote speech entitled “Bringing Certainty to Uncertainty: Hong Kong’s Edge as a Family Office Hub”. In his address, he assured attendees that, with its robust regulatory framework, forward-looking fiscal system and long-standing position as a premier global family office hub, Hong Kong is undoubtedly their “anchor of stability” amid global headwinds. Mr. Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, delivered the Summit’s Keynote Address. Tan Sri Dato Sri Ong Tee Keat, former Minister of Transport, Malaysia and President of Belt and Road Initiative Caucus for Asia Pacific (BRICAP), delivered a keynote speech on: “Bridging Prosperity through Synergy between Hong Kong and Malaysia in the New Era”. Tan Sri Dato’ Seri Ong Tee Keat, Former Minister of Transport of Malaysia and President of the Belt and Road Initiative Caucus for Asia Pacific (BRICAP), shared insights on opportunities for synergistic development between Hong Kong and Malaysia. Against the backdrop of global wealth management’s ongoing shift towards integrated development, the summit brought together representatives from various professional fields—including law, taxation, digital finance and trust to explore the future direction of family offices from multiple perspectives, thereby offering entrepreneurs and high-net-worth individuals a more diverse range of international professional insights. Ms. Fiona Fong, Partner of Financial Services at Deacons, took a deep dive into “Governance, Licensing, and Investment Structuring: The Key Pillars of a Resilient Hong Kong Family Office” . Ms. Fiona Fong, Partner, Financial Services at Deacons, delivered a presentation on governance, licensing, and investment structures. Ms. Lorraine Cheung, Partner of Business Tax Advisory at KPMG, highlighted Hong Kong’s competitive edge in her presentation: “Hong Kong Wealth Management Advantages: Why Hong Kong!” Ms. Lorraine Chong, Partner, Corporate Tax, KPMG, shared insights on Hong Kong’s wealth management advantages. Mr. Vincent Shang, Business Development Director of HashKey Cloud, delivered a presentation titled “Digital Assets and the Future of Family Office Portfolios”, in which he explored the rationale for allocating digital assets in family office portfolios and their future prospects. Mr. Vincent Shang, Business Director of HashKey Cloud, shared insights on the future of digital assets in family office investment portfolios. Mr. Melvin Mui, Chief Executive Officer of Hong Kong Trust Capital Management Limited, delivered an in-depth presentation on “How Can Hong Kong Trusts Meet the Diverse Needs of Global Family Offices in this New