Investment is not the only focus when developing a family office and Hong Kong needs to establish an ecological system to serve philanthropic purposes, The Standard reported a tycoon as saying.
Ronnie Chan, chairman of Hang Lung Group, told the Asian Financial Forum it is important to attract capital from outside the city and constantly keep it flowing in if Hong Kong aims to establish itself as a hub for family offices.
Read the full report: The Standard
READ MORE:
China Private Equity Tycoon Unseen for Two Weeks – Caixin
Hong Kong Tycoons Snap Up Virtual Land in Metaverse – SCMP
How The Chinese Tycoon Driving Volvo Plans to Tackle Tesla
