Introduction

In a spirited display of ambition, Mr. Christopher Hui, Hong Kong's Secretary for Financial Services and the Treasury, wrapped up his visit to Jakarta, Indonesia, emphasizing Hong Kong's burgeoning status as a premier hub for family offices. This significant outreach was designed to engage the Indonesian business community and highlight the many benefits of establishing family offices in Hong Kong.

Key Discussions in Jakarta

During his visit, which concluded on December 13, Hui engaged in crucial discussions with key financial authorities, including Mr. Mahendra Siregar, the Chairman of the Board of Commissioners of the Financial Services Authority of Indonesia. The talks centered around fostering development in virtual assets and innovative financial products, indicating Hong Kong's commitment to leading the charge in modern financial solutions.

Seminar Highlights

A highlight was the lunch seminar on December 12, co-hosted by the Hong Kong Economic and Trade Office in Jakarta, the Indonesia Chamber of Commerce in Hong Kong, and Bank of China (Hong Kong) Limited's Jakarta branch. With the theme "Connecting Wealth, Empowering Legacies: Hong Kong - The Premier Global Hub for Family Offices," the seminar attracted significant interest from Indonesian stakeholders. Hui’s keynote address outlined strategic initiatives aimed at positioning Hong Kong as the world’s largest cross-boundary wealth management center in the coming years.

The Four Ts of Hong Kong

Hui elaborated on what he calls the "Four Ts" that make Hong Kong an attractive location for family offices:

Ties