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Family Office

LVMH CEO Bernard Arnault’s family office invests in AI startups

by Anas Siddiqui
LVMH CEO Bernard Arnault’s family office invests in AI startups

World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | Getty Images A version of …

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China, Hong Kong stock markets are back in favour with global investors, HKEX CEO Bonnie Chan says

by Anas Siddiqui
China, Hong Kong stock markets are back in favour with global investors, HKEX CEO Bonnie Chan says

Former US secretary of state John Kerry and Thailand’s prime minister Srettha Thavisin are among the speakers at the Swiss investment bank’s two-day conference in Hong Kong that has drawn …

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Hong Kong hones in on Middle East, Indonesia to attract family offices as city steps up efforts, InvestHK says

by Anas Siddiqui
Hong Kong hones in on Middle East, Indonesia to attract family offices as city steps up efforts, InvestHK says

The Middle East and Indonesia are the next targets for Hong Kong to attract family offices, but more needs to be done to bolster the city’s status as a global …

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HSBC sees growth in loans to ultra-rich with art, jets, other illiquid assets as collateral amid high interest rates

by Anas Siddiqui
HSBC sees growth in loans to ultra-rich with art, jets, other illiquid assets as collateral amid high interest rates

HSBC, the largest bank in Hong Kong and Europe, is seeing more business from ultra-rich clients who are eager to borrow against their “illiquid or concentrated” assets amid interest-rate uncertainty. …

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Opinion | As Dubai prince saga shows, Hong Kong’s Middle East campaign needs work

by Walter Watson
Opinion | As Dubai prince saga shows, Hong Kong’s Middle East campaign needs work

Hong Kong’s eyes have traditionally been more focused on the West and mainland China. For decades, Hong Kong thrived by serving Western firms that wanted to invest on the mainland …

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Taiwan earthquake, Kobe Bryant’s lookalike in China, Singapore’s 34-year-old grandma: SCMP’s 7 highlights of the week

by Walter Watson
Taiwan earthquake, Kobe Bryant’s lookalike in China, Singapore’s 34-year-old grandma: SCMP’s 7 highlights of the week

US President Joe Biden and Japanese Prime Minister Fumio Kishida will announce a “historic” agreement next week that will “upgrade” the two countries’ security relationship, deputy secretary of state Kurt …

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China’s growing stature in the art market fosters well-informed collectors, demand for advisory services from banks

by Anas Siddiqui
China’s growing stature in the art market fosters well-informed collectors, demand for advisory services from banks

China’s art collectors have done their research when it comes to making purchases, and as China became the world’s second-largest art market in 2023, banks are experiencing higher demand for …

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Wealth for Good summit: Hong Kong launches project linking charities with donors as part of latest charm offensive to lure global capital and talent

by Anas Siddiqui
Wealth for Good summit: Hong Kong launches project linking charities with donors as part of latest charm offensive to lure global capital and talent

The project will serve as a comprehensive database, displaying charities in need of financial support, Financial Secretary Paul Chan Mo-po said during a gala dinner on Wednesday. “By enabling meaningful …

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UAE prince’s US$500 million Hong Kong family office shares space with investment firm linked to late Macau casino king Stanley Ho

by Ron Morgan
UAE prince’s US0 million Hong Kong family office shares space with investment firm linked to late Macau casino king Stanley Ho

“We will not comment on individual business activities,” a government spokesman said. “We engage participants in the Wealth for Good in Hong Kong Summit through our global network and relevant …

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Exclusive | Little-known Dubai prince who made a splash with US$500 million family office plan in Hong Kong postpones its opening at eleventh hour

by Walter Watson
Exclusive | Little-known Dubai prince who made a splash with US0 million family office plan in Hong Kong postpones its opening at eleventh hour

The office said “urgent matters in Dubai required the sheikh’s attention”. Eleanor Jane Mak, the office’s vice-chairman and CEO, said the matter was personal and declined to elaborate. The prince …

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