Gaven Cheong quoted in CNBC on Hong Kong’s appeal to family offices amid geopolitical uncertainty
min readGaven Cheong, Financial Services Regulations and Funds Partner at Charles Russell Speechlys in Hong Kong, has been quoted by CNBC in an article examining the growing interest in Hong Kong as a base for family offices amid heightened geopolitical uncertainty in the Middle East and the introduction of new tax incentives.
The article explores how ongoing geopolitical conflict is prompting ultra‑high‑net‑worth families to reassess their exposure to traditional wealth hubs such as Dubai, while Hong Kong moves to strengthen its position through proposed expansions to its family office tax regime. These include potential tax exemptions for a wider range of assets held by single‑family offices and family‑owned investment vehicles.
Commenting on the trend, Gaven notes that he is seeing a significant increase in interest from families considering Hong Kong as a location for their family offices, including from those who had previously left the jurisdiction. He highlights that discussions with families exploring a move to Hong Kong have intensified in recent weeks, driven by both geopolitical considerations and regulatory developments.
The full article is available to read on CNBC.
