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Reuters
Reuters
Business

Hong Kong government announces measures to lure wealthy family offices

FILE PHOTO: A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo

Hong Kong's government announced a series of measures on Friday to attract wealthy family offices to set up in the financial hub as authorities try to restore business confidence and investor allure after three years of severe COVID-19 rules.

A revamped investment migration scheme, new tax concessions and incentives such as art storage facilities at the city's international airport will be part of the offerings for family offices in the Chinese special administrative region, the government said in a statement.

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