Hong Kong's Financial Services Chief Promotes Family Office Opportunities in Indonesia

2024-12-13 14:38 Last Updated At：14:58

SFST promotes Hong Kong's strengths as family office hub to Indonesian community

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, concluded his visit to Jakarta, Indonesia, today (December 13) with a meeting with the Chairman of the Board of Commissioners of the Financial Services Authority of Indonesia. He attended a lunch seminar yesterday (December 12) to promote Hong Kong's advantages as a leading family office hub, met with financial officials and stakeholders in the banking and fintech sectors, and called on the Chinese Ambassador to Indonesia.

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SFST promotes Hong Kong's strengths as family office hub to Indonesian community Source: HKSAR Government Press Releases

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SFST promotes Hong Kong's strengths as family office hub to Indonesian community Source: HKSAR Government Press Releases

Mr Hui met the Chairman of the Board of Commissioners of the Financial Services Authority of Indonesia, Mr Mahendra Siregar, this morning to share insights on boosting the development of virtual assets and other new financial products. Mr Hui also took the opportunity to introduce to him a training programme targeting senior executives from the Association of Southeast Asian Nations (ASEAN) countries to be piloted by the Financial Services Development Council of Hong Kong in partnership with the Hong Kong Securities and Investment Institute in early 2025. Senior executives from Indonesia will be among the first batch of participants to be invited to join the programme to gain a deeper understanding of Hong Kong's value propositions as an international financial centre through expert-led sessions and visits to key public sector stakeholders.

A key event yesterday was a lunch seminar themed "Connecting Wealth, Empowering Legacies: Hong Kong - The Premier Global Hub for Family Offices" co-organised by the Hong Kong Economic and Trade Office in Jakarta, the Indonesia Chamber of Commerce in Hong Kong and the Bank of China (Hong Kong) Limited Jakarta Branch. In his keynote speech at the lunch seminar, Mr Hui highlighted Hong Kong's strategy to augment the city's position as a family office hub with the prospect of becoming the world's largest cross-boundary wealth management centre in the next few years as predicted by the industry.

He shared with participants the four Ts that Hong Kong offers, namely Hong Kong's strong "ties" with the Mainland and global capital markets as a "super connector" and "super value-adder" to provide unparalleled investment opportunities; its favourable "tax" environment with a simple and low tax system offering profit tax exemption for single family offices managed in Hong Kong; strong emphasis on attracting and nurturing "talent" including the recent enhancement to the New Capital Investment Entrant Scheme and the establishment of the Hong Kong Academy for Wealth Legacy last year; as well as "tailored" events, collaborations and services for family offices, including mega financial events like the annual Wealth for Good in Hong Kong Summit, which will hold its third edition next March, bringing together family offices, asset owners and family office service providers from around the world to make it an exclusive and highly anticipated global event for family offices.

Mr Hui also assured the participants that Hong Kong is ready to support family offices and investors including ultra-high-net-worth individuals to come to Hong Kong. The dedicated team from Invest Hong Kong called FamilyOfficeHK, will continue to provide one-stop services to family offices establishing a presence in Hong Kong. The Hong Kong Family Office Nexus, a strategic collaboration with Bloomberg L. P., is also in place to offer support to the family office sector on community building, knowledge sharing, technology support and philanthropic collaboration.

Mr Hui yesterday also met a number of officials and industry stakeholders in the financial sector, including Vice Minister of Finance of Indonesia Dr Anggito Abimanyu. Mr Hui shared views with Dr Abimanyu on the future financial development outlook of Indonesia and Hong Kong, and discussed opportunities to foster closer financial collaboration between the two places.

Moreover, Mr Hui had a meeting with representatives of the Indonesia Fintech Association to exchange views on the latest developments in fintech and financial innovation. He invited Indonesian fintech companies to visit Hong Kong to feel the thriving energy of the local fintech ecosystem and grasp opportunities of mutually beneficial collaboration. Mr Hui also called on the Chinese Ambassador to Indonesia, Mr Wang Lutong, and met with the Country Manager of the Bank of China (Hong Kong) Limited Jakarta Branch, Mr Sun Shangbin.

Mr Hui will return to Hong Kong this afternoon.

Hong Kong Cinema Shines at 25th New York Asian Film Festival with Record 17 Films Screened

Hong Kong cinema in spotlight at 25th New York Asian Film Festival

Hong Kong cinema is the undisputed star at this year's 25th New York Asian Film Festival (NYAFF), where a record 17 films will be screened under the "Hong Kong Panorama" banner, presented with the support from the Hong Kong Economic and Trade Office in New York (New York ETO) from July 10 to 26 (New York time).

The centrepiece event was the presentation of the NYAFF's Best from the East Award to actor Daniel Wu on July 20 (New York time), ahead of the special screening of "Cold War 1994", honouring a career that began in Hong Kong cinema before extending into Hollywood, television and the director's chair, and bringing with him the discipline, physicality and storytelling instinct for which Hong Kong film is known.

The New York ETO hosted a special reception for Wu and other attending Hong Kong film talents before the award presentation. Speaking at the reception, Director of the New York ETO, Ms Maisie Ho, congratulated Wu for his contributions to Asian cinema and bringing Hong Kong storytelling sensibility through his work across film and television globally.

Ms Ho also highlighted the deep ties between Hong Kong cinema and the NYAFF, noting that Hong Kong films have been a part of the festival's identity since its earliest editions. The New York ETO has supported the festival's "Hong Kong Panorama" since 2009, introducing New York audiences to the actors, directors and screenwriters shaping Hong Kong cinema.

This year's Hong Kong Panorama builds on that legacy, showcasing five North American premieres, alongside numerous special screenings and events, with a number of Hong Kong film talents attending the festival. Ms Ho said the expanded lineup reflects both the creative vitality of Hong Kong's film industry and the Hong Kong Special Administrative Region (HKSAR) Government's continued commitment to supporting that industry on the world stage.

Several of this year's films received support and funding from the HKSAR Government, including "Afterpiece" (financed through the Directors' Succession Scheme that pairs seasoned filmmakers with emerging directors), "Bird of Paradise" (a winning film project in the higher education institution group of the 7th First Feature Film Initiative (FFFI)), "Dog Day Evening" (financed by the Film Production Financing Scheme (Relaxation Plan)), and "Gamer Girls" (winning film project in the Higher Education Institution Group of the 6th FFFI).

Hong Kong actress Angela Yuen will receive the NYAFF's Screen International Rising Star Asia Award on July 21 (New York time), underscoring Hong Kong's strong pipeline of talent with international reach. Ms Ho congratulated Yuen for her outstanding performances on screen and on seeing her hard work and talent celebrated in New York.

This year's NYAFF's 2026 Filmmaker in Focus took audiences inside one of the most influential careers in Hong Kong cinema – the prolific and versatile director, Andrew Lau, who reflected on the craft, innovation and lasting impact of his incredible library of works, including NYAFF 2026 featured films "The Storm Riders", "Initial D" and his acclaimed new feature, "The Dumpling Queen".

In addition to Lau, Wu and Yuen, other Hong Kong filmmakers attending this year's NYAFF include actor Yukki Tai; actress Ng Wing-sze; screenwriter Annabelle Li; and directors Veronica Bassetto; Frankie Chung; Pang Ho-cheung, Keane T. K. Wong; Joey Wu; and Phillip Yung.

Hong Kong's Financial Services Chief Promotes Family Office Opportunities in Indonesia

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