Author: HKFA Media Team

Hong Kong’s Waves of IPOs Show It’s Ambition!

In the recent appearance, Bonnie Y Chan, the CEO of Hong Kong Exchanges and Clearing Limited(HKEX), pointed out that 100 companies are currently applying for listing on the HKEX, and that big IPOs are expected to rebound. All these underlying motivations behind it show Hong Hong Kong’s ambition to consolidate its position as Asia’s leading financial centre.     1. Companies queue for listings in Hong Kong Entering 2024, listing applications have surged in HKEX. Since the beginning of last month, HKEX has received about 100 new listing applications, with Mainland companies accounting for the majority of them. Particularly since 19 April, there are enterprises submitting listing applications on almost every working day. Under waves of different types of companies going global, listing Chinese companies in Hong Kong has become the epitome trend.   2. Plummeting stock prices on consecutive 10 trading days Apart from the wave of listings, the low valuation of stocks in the Hong Kong market is also one of the key factors attracting funds. Before this rally, the valuation of the Hong Kong stock market was the lowest level of the world’s major stock markets. Under multiple favourable factors, the global capital is rushing to the Hong Kong stock market, thus making the Hong Kong stock market show a major upward trend.   3. Seizing the golden opportunity and embarking on a journey towards building wealth According to Global Wealth Report 2023 released by the Boston Consulting Group (BCG): Hong Kong’s fund management industry will overtake Switzerland to as the world’s largest hub for cross-border private wealth management by 2027. According to the data, Hong Kong has about 2,000 licensed asset management companies in 2023, (compared to 1,194 in Singapore). Assets under management in Hong Kong amount to about US$2.2 trillion (US$1.5 trillion in Singapore). It should be noted that in the end of February, the Hong Kong Government announced cancellation of all tightening measures related to additional stamp duty. Meanwhile, Hong Kong’s monetary authority has relaxed the city’s decade-old lending curbs in the real estate market.   In Conclusion The Hong Kong Government has adopted a mix of measures to boost its real estate market, such as “Investment Immigration”, “Stringent Market Cooling Tactics”, “New Plan to Boost Hong Kong IPOs”, etc. All these efforts show Hong Kong’s “ambition”. Globally, Hong Kong showcases golden investment opportunities to attract high-net-worth individuals.

Strategic Session on Open-Ended Fund Companies and Hong Kong Investment Immigration Concludes

On 12th June 2024, co-organised by Inheritance Asset Management Limited, Hong Kong Fiduciary Association Limited successfully held a strategic sharing session of OFC (Open-ended Fund Company) at The St. Regis Chengdu. This event gathered offshore Trust experts, senior investment teams, immigration practitioners, business owners and high-net-worth individuals with the needs of  immigration or wealth planning, with the aim to share and probe into the latest trends and cutting-edge strategies in relation to Hong Kong investment immigration.   The strategic sharing session was highly recognised by the participating guests, enabling them to keep up with the latest trends and foresighted strategies, as well as gain a lot of practical investment advice. Looking ahead, we will continue to work together with renowned financial institutions to provide high-quality wealth management and asset allocation services to our clients, so as to further play our leading role in the industry.        

Estate Planning and Risk Management Seminar in Collaboration with Sunway University

On May 23rd, 2024, the Hong Kong Fiduciary Association was honoured to co-host a financial planning seminar with Sunway University in Malaysia. The seminar was themed “Strategising for the Future: Integrating Estate Planning and Risk Management.        Through this seminar, university students not only learned how to use wills and trusts for personal financial planning but also understood how to effectively manage risks in the face of various uncertainties. The event successfully attracted over a hundred students. After the seminar, students actively interacted with the guest speakers to further understand the importance of financial planning and risk management.       We thank all participants for their enthusiastic interaction and support, which made this seminar a great success! We look forward to more opportunities for collaboration in the future.

Hong Kong Fiduciary Association Limited’ s First Exclusive High Tea Gathering

On April 19, 2024, Hong Kong Fiduciary Association Limited organised a private exclusive high-tea gathering in Dubai to express gratitude to the esteemed delegates from Hong Kong for their visit to Dubai. They met with their Dubai partners to discuss the latest industry trends and market opportunities. This was not only a social tea gathering but also an important opportunity for both sides to engage in deep exchanges and expand cooperation.         The high-tea gathering ended successfully and we look forward to deepening cooperation in various areas with the partners.

Participation in Blockchain Life

On April 15, 2024 Hong Kong Fiduciary Association Limited was deeply honoured to participate in the large-scale virtual asset event hosted in Dubai, Blockchain Life 2024. This event brought together elite professionals from the global crypto industry and has attracted over 8,000 attendees from 120 countries.       At this global gathering, participants have the opportunity to delve into the latest developments in the field of virtual asset, covering various aspects such as technological advancements, business applications, and market prospects. Additionally, there are opportunities to explore cutting-edge technology with global industry leaders and engage in discussions with virtual asset experts from around the world, collectively exploring future trends and opportunities.       Looking forward to the Hong Kong Fiduciary Association Limited exploring new areas of combining Trust and virtual asset in the Dubai market, and jointly discovering more collaboration opportunities with industry elites.