How Hong Kong is positioning for a bigger role in Asia’s family wealth transition

City courts next-generation wealth as family businesses reinvent themselves and deploy capital into new sectors and markets “Under our unique ‘one country, two systems’ principle, Hong Kong is the only city in the world that converges both the China advantage and the global advantage,” Chan said. The framework guaranteed the free flow of capital, a common law legal system, a simple low-tax regime and a compatible regulatory environment, providing “certainty, security, transparency and predictability” for wealthy families, he added.

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