Global Family Office Leaders Gather in Hong Kong for Wealth for Good Summit 2023

2025-03-25 20:05 Last Updated At：21:58

Principal dinner sets stage for Wealth for Good in Hong Kong Summit

Over 130 influential family office principals and family members from the Mainland, Asia, Europe, the Americas and the Middle East gathered at a principal dinner organised by the Government this evening (March 25) to set the stage for the third edition of the annual Wealth for Good in Hong Kong Summit (WGHK) to be held tomorrow (March 26), reaffirming the city's role as a premier global hub for family offices.

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Principal dinner sets stage for Wealth for Good in Hong Kong Summit Source: HKSAR Government Press Releases

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Principal dinner sets stage for Wealth for Good in Hong Kong Summit Source: HKSAR Government Press Releases

In his welcome remarks, the Acting Chief Executive, Mr Chan Kwok-ki, said, "Hong Kong is a 'super connector' bringing together people and ideas. We are a platform for visionaries looking to create lasting legacies, a dynamic hub where your offices and families can flourish."

The evening was graced with the presence of notable speakers, Dr Maye Musk, a best-selling author and a public speaker, and the Vice-Chancellor of the University of Oxford, Professor Irene Tracey, at an inspiring fireside chat moderated by the Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau. The speakers shared their insights on women's influence in leadership and legacy-building with a focus on the critical role of female leadership in shaping the future of business, innovation, and societal progress. The engrossing session fostered an atmosphere of collaboration, paving the way for insightful discussions and new partnerships at tomorrow's summit, themed "Hong Kong of the World, for the World".

The event also charmed visitors with a captivating lion ballet performance against the dazzling night view of Victoria Harbour, amazing the attendees with a unique blend of cultural richness and the city's legendary skyline.

The WGHK will take place tomorrow afternoon with over 300 participants. The summit will not only convene principals and family members to discuss the future of wealth management in the region, but also encourage attendees to experience the city's dynamic offerings through its vibrant neighbourhoods, dynamic arts scene and strong community spirit, which make the city an ideal destination for both families and businesses.

Seat Belt Laws and Mobile Device Restrictions Start January 25 for All Public Transport Passengers.

New requirements for mandatory fitting and wearing of seat belts and placing of mobile telecommunications devices while driving to be implemented from January 25

The Government today (January 8) reminded members of the public that, starting from January 25, all public transport and commercial vehicles' seated passengers must wear seat belts, and all drivers must not place more than two mobile telecommunications devices (MTDs) in front of them during driving, further enhancing road, passenger and driving safety.

All passenger's seats in public and private buses, rear passenger's seats in private light buses and goods vehicles (GVs), and driver's seats and all passenger's seats of special purpose vehicles (SPVs) must be equipped with seat belts in these vehicles first registered on or after January 25. Drivers and passengers occupying the seats of these vehicles (whether newly registered or not), where seat belts are fitted, are required to wear them. Studies show that wearing seat belts will reduce the risk of death and serious injury of drivers and passengers in head-on collisions by about 40 per cent and 70 per cent respectively.

Offending vehicle owners, drivers or passengers will be liable to a maximum fine of $5,000 and imprisonment for up to three months. All passengers occupying seats shall be responsible for wearing seat belts. Among them, any driver who still drives with a passenger aged under 15 seated in the rear seat of a GV or the passenger's seat of an SPV without wearing a seat belt will be subject to a maximum fine of $2,000.

The Government noted that the transport trades are ready for the new requirements. In franchised buses, all seats in newly procured buses have been equipped with seat belts. Together with existing double-deck buses retrofitted with seat belts on the upper-deck seats by operators under government subsidy, to date, around 3500 buses are now equipped with seat belts, representing about 60 per cent of the entire fleet in Hong Kong.

In addition, from the same day onwards, any driver must not place more than two MTDs (i.e. mobile phones, tablet computers or laptop computers) in front of them during driving. The diagonal length of each screen must not exceed 19 centimetres. The MTDs must not obstruct the driver's view of the road and traffic, as well as any mirror, device or camera-monitor fitted for viewing the roads. Offenders will be liable to a maximum fine of $2,000.

The Government has stepped up publicity and public education since November 2025. The Transport Department (TD) has strengthened collaboration with the Police, the Education Bureau, the Information Services Department, the Road Safety Council and the transport trades including public transport operators to introduce the legal requirements through websites, videos, media, social media, the "e-Bulletin for Parents" and publicity posters on traffic signal controllers across various districts. Franchised bus operators have also strengthened publicity and broadcast inside compartments and at bus stops to alert passengers to the new requirement of wearing seat belts.

Members of the public may refer to the TD's webpage on the new requirements on seat belts (www.td.gov.hk/en/road_safety/sb) and placing MTDs during driving (www.td.gov.hk/en/road_safety/mtd) or the Agent T Facebook page (www.facebook.com/AgentT.hk), or call the hotline 28042600 for details.

Global Family Office Leaders Gather in Hong Kong for Wealth for Good Summit 2023

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