Lulinda Leung – Forbes Asia Custom

What Draws Global Talent To Hong Kong

Posted on April 17, 2026 | by Lulinda Leung | Leave a Comment

Work is changing in ways that few economies can ignore. Technology is altering how companies operate, even as education systems adjust to demand for new skills, and career paths become less predictable due to digital disruption. These shifts are unfolding at a rapid pace, prompting governments and businesses to intensify their efforts to rethink how they attract, develop and retain talent.

**John Lee**, Chief Executive of the Hong Kong Special Administrative Region, welcomed delegates to the Global Talent Summit Week.

Addressing these challenges head-on, Hong Kong has reaffirmed its commitment to reinforcing itself at the forefront of talent attraction. In his remarks at the International Talent Forum, the anchor event of the Global Talent Summit Week, John Lee, Chief Executive of the Hong Kong Special Administrative Region, underscored the government’s ambition to build a long-term impetus for the city’s development by welcoming the world’s best.

Lee said that Hong Kong is rising quickly as an international talent hub, driven by a comprehensive and forward-looking strategy that integrates talent development with economic transformation, technological advancement and regional cooperation. Such efforts have been widely recognised, with Hong Kong surging to fourth globally and first in Asia in the International Institute for Management Development’s World Talent Ranking 2025.

He added that Hong Kong will continue to uphold openness, deepen international engagement and align closely with national development strategies. Policies in education, innovation and infrastructure will be further refined to ensure Hong Kong remains a fertile ground for ideas and enterprises, where global talent feels welcomed, valued and supported.

The forum also featured a keynote from Nobel laureate Sir Christopher Pissarides. Drawing on his expertise in the global manpower ecosystem, he examined the skills, institutions and policy frameworks that will define the future of work, exploring how technology and global mobility are fundamentally reshaping the talent ecosystem. “AI has been augmenting manpower. The biggest challenge today with these technologies is not the destruction of old jobs—it’s more the transformation of practically every job that we have in society. Workers are upskilling more now than in any other industrial revolution of the past,” he stated.

The CareerConnect Expo showcased opportunities for professionals looking to build careers and settle in Hong Kong and the Greater Bay Area.

The second edition of the summit evolved into a week-long programme. The International Talent Forum and CareerConnect Expo, held on March 18 and 19, were complemented by nine satellite events across the city running through March 29.

Hosted by the Labour and Welfare Bureau and Hong Kong Talent Engage, the summit brought together government officials, global industry leaders, renowned scholars, entrepreneurs and professionals in one place—reinforcing Hong Kong’s role as both an international talent hub and a gateway to opportunities in the region.

Participation reflected the global interest in Hong Kong’s talent initiatives, with figures surpassing the inaugural summit. In total, more than 10,000 on-site visits and over 170,000 views over the two-day event were recorded, representing the power of the hybrid format in connecting talent far and wide. Chris Sun, Hong Kong’s Secretary for Labour and Welfare, said, “Through the activities of this year’s summit, the government believes that stakeholders can gain deeper insights into future development trends. At the same time, a clear message is being sent to global talent that with the strong support of the motherland and its own unique advantages, Hong Kong is the best place for career development.”

Global competition for talent has intensified, with cities such as Singapore, London and New York vying for the same professionals. Hong Kong’s edge lies in a combination of advantages that few cities can match. Beyond economic performance and liveability, the city serves as a gateway to the vast Chinese mainland market. Under the “One Country, Two Systems” principle, Hong Kong operates legal, financial and education systems aligned with international standards, while offering direct access to the Chinese mainland.

“By coming to Hong Kong, you tap into both the world and the Chinese mainland market. That dual access remains difficult to replicate elsewhere,” explained Sun.

**Felix Chan**, Director of Hong Kong Talent Engage (second from the left), signed a cooperation agreement with Junior Chamber International Hong Kong, China on March 19, witnessed by **Chris Sun**, Secretary for Labour and Welfare (first from the left).

Opening the Doors Wider

While Hong Kong’s strengths draw global talent, demographic realities have made it necessary to act. The city faces an ageing population and shrinking local manpower.

To address this, the government launched a suite of talent admission measures in late 2022, including the Top Talent Pass Scheme (TTPS), targeting high-income professionals and graduates from the world’s top 100 universities. Hong Kong Talent Engage, an office under the Labour and Welfare Bureau, was established in 2023 to handle promotion, recruitment and post-arrival support.

“We need young, vibrant professionals to come to Hong Kong to fill the gap and keep the economy growing,” said Sun.

The response has been encouraging. As of end-February 2026, the government received almost 600,000 applications across various schemes, with close to 280,000 professionals arriving in the city. The TTPS alone received nearly 160,000 applications, with over 110,000 arrivals. The government estimates TTPS-entrants could add around 1.2% to GDP—approximately HK$34 billion (US$4.4 billion). Over 70% of incoming top talent is under 40, strengthening the workforce at a time of rising demographic pressure.

Ideas That Inform Action

A panel discussion at the International Talent Forum explored how technology is reshaping corporate talent strategies.

Through engaging speeches, fireside chats and panel discussions, the summit explored the integration of education, technology and talent.

The International Talent Forum examined how economies can strengthen manpower planning, refresh education models and align skills development with industry needs—followed by sessions on how AI is reshaping corporate talent strategies and cross-border collaboration in building adaptable, innovation-driven teams.

A closed-door meeting also brought together government representatives and university leaders to explore frameworks for deeper cooperation on talent mobility, skills development and workforce readiness.

While the forum concentrated on ideas, the CareerConnect Expo translated them into engagement. Drawing together about 70 enterprises and institutions spanning education, technology and government, the expo served as a one-stop platform showcasing opportunities for professionals looking to build careers and settle in Hong Kong and the Greater Bay Area. Nine satellite events hosted across different districts created further networking and job-seeking opportunities citywide.

Sustaining the Momentum

Attracting talent is only half the equation. Retaining it depends on whether professionals can build careers and lives in the city. Hong Kong is home to five universities ranked among the global top 100. Hong Kong Talent Engage connects incoming talent with job opportunities, handles enquiries within 48 hours and works with more than 90 partners on accommodation, education and daily life support.

Felix Chan, Director of Hong Kong Talent Engage, outlined the vision ahead. “The Global Talent Summit Week is more than an event—it is a powerful statement of Hong Kong’s ambition and readiness to welcome the world’s top talent, setting a benchmark for international talent events in Asia. Our priority remains clear: to ensure that every talent who chooses Hong Kong finds not just opportunity, but a place to live and thrive.”

Sessions from the summit are available online at: https://gts.hkengage.gov.hk/en/

For global professionals considering their next move, Hong Kong offers international standards, regional access and comprehensive support—all in one place. Sun said: “Hong Kong is a global talent hub. And what we’re seeing now is only the beginning of our journey.”

Hong Kong Sets Sail For The World Into An AI+ Future

Posted on February 13, 2026 | by Lulinda Leung | Leave a Comment

A new building on Hong Kong’s southwestern waterfront will begin to change how the city supports and scales technology. Cyberport 5 is designed to operate as the core infrastructure of a tech park for innovation, housing computing power, connectivity, research space, translation of R&D into technology applications and commercial activity under one roof.

It forms part of the broader Cyberport campus, a government-backed digital innovation hub that brings together technology companies, research institutions, investors and public sector partners both locally and internationally to support the growth of artificial intelligence (AI) and data science, fintech, blockchain and digital assets, cybersecurity, smart living, digital entertainment and creative industries, and other strategic digital sectors.

“Cyberport serves as a key part in the development of Hong Kong as an international innovation and technology hub, contributing to the development of the Greater Bay Area (GBA) in Chinese mainland as an international center for technological innovation,” says Simon Chan, Cyberport’s Chairman.

Dr Rocky Cheng, Chief Executive of Cyberport says the expansion responds to a constraint that many technology firms face once they reach scale. He explains, “This expansion directly addresses the shortage of premium workspace with advanced digital infrastructure and quality living environments for scaling tech companies, providing a dedicated space that fosters innovation, translation and collaboration.”

The new 10-story development adds around 66,000 square meters of gross floor area, expanding the existing campus by 40%. It is designed to support companies that have moved beyond early-stage incubation and now need space, systems and access to advanced infrastructure to grow without leaving the city.

Accelerating Long-Term Growth for Global Enterprise

Cyberport, as Hong Kong’s digital tech hub and AI accelerator, is wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government. It brings together over 2,300 companies, including 17 listed companies and 8 unicorns, with one-third of onsite founders hailing from 27 countries and regions. While Cyberport supported its companies to expand to over 36 markets globally, the focus is also on keeping them anchored locally as they grow.

Through the Cyberport Investors Network, which brings together over 220 investors worldwide, and the Cyberport Macro Fund, which co-invests in high-potential startups, Cyberport has facilitated more than HK$6 billion (US$770 million) in combined investments. Overall, Cyberport startups have raised more than HK$46.2 billion (US$5.93 billion) over the years.

**Simon Chan,** Chairman of Cyberport (3rd left), joined the HKSAR delegation, led by **Hon John Lee**, Chief Executive of the HKSAR Government (4th left), on a visit to ASEAN countries, and witnessed the signing of a partnership between WeLab, a Cyberport unicorn enterprise, and HSBC in Malaysia.

Hong Kong’s strategic position within the GBA, along with its global connectivity, gives Cyberport a significant advantage. Cyberport’s Chairman Chan sees the tech park as a “super-connector” and “super value-adder,” linking Hong Kong’s international research base and financial system with the manufacturing and market scale of the GBA region, while also tapping into the immense potential and demand for digital technology solutions in overseas markets.

“With Cyberport 5 as the latest advanced infrastructure, supported by global alliances in the Middle East, ASEAN and beyond, we can attract more strategic enterprises and talent from overseas and the Chinese mainland, while bolstering our homegrown startups to expand worldwide,” Chan says.

Cheng adds: “For enterprises setting foot in Cyberport with ambitions for expansion, we aim to springboard them to success through ‘Cyberport Connect’—connecting them with local partners to globalize their products and services; connecting them to investments from Hong Kong, Chinese mainland and overseas; connecting them to overseas markets in ASEAN, the Middle East and beyond for expansion; and connecting them with opportunities to get listed in Hong Kong and abroad.”

Cyberport as Hong Kong’s AI Hub

AI sits at the center of Cyberport’s strategy, reflecting Hong Kong’s wider economic direction and its alignment with the Chinese mainland’s AI+ initiative. Cyberport is home to more than 500 AI and big data companies. Partnerships with universities and global technology firms support applied research, while regulatory sandboxes allow new AI tools to be tested in regulatory environments. One example is the Generative AI (GenAI) Sandbox launched jointly by Cyberport and the Hong Kong Monetary Authority, which allows banks and technology providers to trial over 40 GenAI applications in areas such as risk management and fraud detection, transforming the financial industry with GenAI.

**Dr Rocky Cheng**, CEO of Hong Kong Cyberport (3rd right), led by **Professor Sun Dong** (4th left), Secretary for Innovation, Technology and Industry of the HKSAR Government, visited the China-ASEAN Mercantile Exchange (China-Singapore Nanning International Logistics Park) in Guangxi, China.

“Cyberport is building a holistic AI ecosystem spanning computing power development, data, general and specialized large language models, model risk assessment, industry applications, governance and ethics research, and talent cultivation to accelerate intelligent transformation across society and industries,” Cheng says. “We’re providing the scale and infrastructure Hong Kong needs to compete for talent and capital. Our goal is clear: empower businesses to adopt AI, boost efficiency and unlock growth.”

Supercomputing Engine Powering Hong Kong’s AI

Cyberport 5 is closely linked to the Artificial Intelligence Supercomputing Centre (AISC) and Tier III+ data center, giving companies direct access to high-speed connectivity and large-scale computing.

AISC has quickly become the city’s core infrastructure for AI, offering ready to use, high-end computing that speeds up deployment and keeps sensitive workloads within local compliance and data residency frameworks. Cyberport says the shared platform cuts the cost and time of maintaining GPU stacks, allowing universities and companies to accelerate training and inference.

The facility is now delivering 3,000 petaflops and has lifted Hong Kong’s total computing power to 5,000 petaflops. With the HKSAR Government’s HK$3 billion (US$380 million) subsidy scheme, 20 projects from universities, R&D institutions and companies leveraged supercomputing power to enhance R&D in large language models, new materials, synthetic biology models and medical large models. AISC users, including academic institutions such as the University of Hong Kong, appreciated AI empowerment in R&D, while the transnational corporation Ricoh and startups Pivotal Technologies and KBQuest cited faster model responses, shorter generation times and enterprise-grade privacy based on their experiences with AISC. Cyberport explores to expand the subsidy scheme to benefit the wider economy with efficiency elevation through AI.

Consuls General from the Belt and Road countries gathered at Cyberport to learn about the latest drone applications for low-altitude economy in Hong Kong.

Powering the Low-Altitude Economy

Cyberport is emerging as a key driver of Hong Kong’s low-altitude economy (LAE), serving as a regulatory sandbox for drone trials spanning 5G streaming, building inspection, drone pyrotechnics, smart aerial logistics and more. It also boasts the city’s first drone sports center for training in drone athleticism. The LAE ecosystem at Cyberport also attracted major players such as Harmony Technology, which specializes in low-altitude aerial management to land. Cyberport 5 is set to facilitate larger-scale drone testing with enhanced facilities.

With the Cyberport ecosystem in full swing, Hong Kong is well positioned to play a key role in the digital economy, providing an AI+-ready hub that attracts global talent, innovation and capital for strategic enterprises and tech companies to converge in the city and thrive.

www.cyberport.hk

Macao: An Emerging Destination For Global Business

Posted on December 12, 2025 | by Lulinda Leung | Leave a Comment

In a world where borders blur and industries converge, Macao is quietly becoming one of Asia’s most compelling places to do business. Long known for its rich cultural tapestry and cosmopolitan flair, this Special Administrative Region (SAR) of China is now drawing the attention of global investors—not just for what it is but for what it’s becoming.

With a low-tax regime, modern infrastructure and a bold strategy to diversify its economy, Macao is positioning itself as a gateway to the Greater Bay Area and a bridge to Portuguese-speaking markets across the globe. As the officially designated commercial and trade cooperation service platform between China and Portuguese-speaking countries (PSCs), Macao connects enterprises to a combined market of over 1.7 billion people—1.4 billion in China and 300 million across PSCs.

A Truly Connected City

Macao’s location isn’t just convenient—it’s strategic. As one of four core cities in the Greater Bay Area, it anchors a region of over 87 million people with a combined GDP of 14 trillion yuan (US$1.97 trillion). Just 30 minutes from Hong Kong International Airport via the Hong Kong–Zhuhai–Macao Bridge, Macao offers both proximity and possibility.

Yet this enhanced connectivity isn’t just physical. It’s cultural. With Chinese and Portuguese as official languages, and English widely used in commerce, the city offers a rare blend of East and West. It’s also notably visa-friendly. As of mid-2025, nationals from 87 countries and regions enjoy visa-free access, while Macao passport holders benefit from entry privileges in 148 countries and regions.

Business, Beautifully Done

Macao’s appeal lies in its simplicity. The city offers one of Asia’s most straightforward tax systems, with profits tax capped at just 12% along with generous exemptions for small and medium-sized enterprises (SMEs). There are no foreign exchange controls, and incorporation procedures are the same for local and international investors.

The Commerce and Investment Promotion Institute (IPIM) of the Macao SAR provides a “one-stop service” to guide investors—from company registration to licensing and beyond. This is a concierge-style setup, backed by an interdepartmental Investment Committee that ensures projects move smoothly and swiftly.

For investors from PSCs, Macao’s legal system—based on the Portuguese civil law tradition—offers a familiar framework. With Portuguese as an official language and legal conventions aligned, Macao provides a seamless bridge for cross-border business, arbitration and compliance.

A New Chapter in Growth

Above all, Macao isn’t just open for business—it’s reinventing it. The city’s “1+4” diversification strategy is reshaping its economy around five pillars:

Tourism and leisure
High technology
Traditional Chinese medicine and big health
Modern financial services
Conventions, exhibitions, commerce and culture

These aren’t just buzzwords. In 2024, Macao welcomed nearly 35 million visitors, with a total spend of 75.36 billion patacas (US$9.4 billion). Meanwhile, the Traditional Chinese Medicine Science and Technology Industrial Park of Co-operation between Guangdong and Macao (GMTCM Park) is home to 233 enterprises, including 89 Macao-based firms.

The financial sector is equally dynamic. Macao is developing its own digital currency (e-MOP), expanding wealth management services, and building a bond market that has already listed over 938 billion patacas (US$117 billion) in sovereign and green bonds.

To accelerate growth in high technology, Macao has introduced a suite of new policy incentives. These include a tax incentives regime for enterprises engaged in scientific and technological innovation, a technology enterprise certification program to recognize and support qualified firms, and a funding scheme for enterprise innovation and R&D. Together, these measures create a fertile environment for startups and established players alike, reinforcing Macao’s ambition to become a hub for cutting-edge industries.

IPIM facilitates business and investment by promoting Macao to global investors, supporting companies in exploring new markets, and fostering the growth of the convention and exhibition industry.

Building the Future: Innovation on the Ground

Across the territory, a new generation of industrial and technology parks is taking shape to support high-value sectors and attract global talent.

At the same time, the city is opening new doors in finance. A fresh Investment Fund Law offers attractive tax incentives, encouraging fund managers to set up in Macao. Work on a new Securities Law is also underway, laying the groundwork for a local bond market that connects seamlessly with both the Chinese mainland and international investors. Together, these reforms aim to bring a wider mix of bonds—from sovereign and municipal to corporate and innovative products—into Macao’s financial hub.

Digital innovation is part of the story, too. Through the development of the Digital Macao Pataca (DMP), the city is encouraging financial institutions to participate in building central bank digital currency infrastructure. Meanwhile, new tax breaks for corporate treasury centers give multinational companies smarter ways to manage cash and risk.

Beyond finance, Macao is investing in science and industry. The GMTCM Park is emerging as a major base for pharmaceuticals, biomedicine and medical devices, supported by advanced production platforms and cross-border research. The city also hosts leading institutions such as the State Key Laboratory of Quality Research in Chinese Medicine and the Macau Institute for Translational Medicine and Innovation, alongside a growing network of university research centers. Together, they are helping Macao build a reputation as a rising hub for biotech and high-end manufacturing.

The vision is clear: to create a smart, sustainable economy rooted in research, creativity and global connectivity. And these reforms are already attracting global attention, with leading companies moving quickly to establish partnerships and projects in Macao.

Confidence in Action

At recent exhibitions in Macao, industry leaders including Huawei, AstraZeneca, China Unicom, Alibaba Cloud and WI Harper Group signed 13 cooperation agreements with Macao-based partners and the Macao government. These partnerships span biotech, digital infrastructure, investment and advanced manufacturing.

One standout example is Kingdee International, a Chinese enterprise cloud service provider that chose Macao for its first office outside the mainland in July 2024. The company has launched a flagship AI-powered service and is working with local partners—from integrated resorts to SMEs—on digital transformation projects. What makes Macao particularly valuable, executives say, is not just the supportive policy environment but its role as a meeting point between China and PSCs. Kingdee is using its base there to explore exchanges with Brazil and other PSC markets—evidence that Macao’s bridge role is translating into real opportunities.

Together, these initiatives are helping Macao cultivate integrated industry clusters across upstream, midstream and downstream segments, strengthening the city’s ability to support end-to-end innovation and production.

Work Smart, Live Well

In the global competition for talent and capital, cities like Singapore and Dubai promise efficiency while Hong Kong offers scale. Macao offers something rarer: synergy—where business blends effortlessly with culture and creativity.

Its compact scale means less commuting and more living. Safe, multilingual and home to top-ranked universities, Macao offers seamless access to five international airports across the Greater Bay Area—making it both globally connected and eminently livable.

For builders, creators and innovators, Macao is more than a place to invest. It is a foundation for lasting growth, rooted in a vibrant community where commerce and culture reinforce one another.

www.ipim.gov.mo

MicroSigX: The Hong Kong Biotech Transforming Autism Detection Through Gut Science

Posted on October 10, 2025 | by Lulinda Leung | Leave a Comment

With autism affecting an estimated one in 100 children globally, Hong Kong-based MicroSigX is poised to revolutionize early detection through a groundbreaking microbiome diagnostic tool. The company says this innovation secured the U.S. Food and Drug Administration’s (FDA) Breakthrough Device Designation last year, which will help accelerate the tool’s development and market entry.

(L-R) **Croucher Professor Siew Ng**, who co-founded MicroSigX with **Professor Francis Chan** from the Chinese University of Hong Kong’s (CUHK) Faculty of Medicine

According to a research paper submitted by the company’s founders to the scientific journal Nature Microbiology, its flagship product, MSX MetaGenie, offers a fast, accurate and affordable non-invasive stool test that achieves over 90% sensitivity in detecting autism spectrum disorder (ASD) in young children across diverse populations. This innovation could dramatically reduce the years-long waiting period families currently face for a diagnosis.

“For the first time, you can use a simple stool sample to help detect autism without multiple doctor visits over many years,” says Croucher Professor Siew Ng, who co-founded MicroSigX with Professor Francis Chan from the Chinese University of Hong Kong’s (CUHK) Faculty of Medicine.

In the rapidly evolving field of diagnostics, the founders raced against time to develop their proprietary technology using 31 novel microbial biomarkers and AI.

“It’s a first-in-class non-invasive diagnostic that can not only detect neurodevelopmental conditions but also potentially provide a solution by changing the microbiome,” Prof Ng says.

Anchored by Strategic Partnerships

Despite an explosion in recent scientific discoveries about the microbiome, most research remains academic. The two clinician-scientists are not only accomplished academics, but they have also demonstrated a track record of translating breakthrough science into real-world applications with significant societal impact.

MicroSigX’s strategy is driven by its M2M (Mind-to-Market) value creation platform, which seamlessly integrates medical discoveries from CUHK with applied microbiome research from the government-funded Microbiota I-Center (MagIC), and MicroSigX’s own commercial execution. The company says this will effectively compress the typical decade-long diagnostic development cycle to just five years.

M-Lab, the joint research facility of MicroSigX and MagIC, serves as an innovation engine to continuously produce new diagnostic technologies. The duo are also working on diagnostics for attention deficit hyperactive disorder (ADHD), colorectal cancer and inflammatory bowel disease.

“This kind of partnership is unique,” says Prof Chan, CUHK’s former dean of medicine.

“Many biotech firms work independently of academia. Likewise, a lot of university academics have no idea about the unmet needs of society. We bridge that gap,” he adds.

The company says it is currently advancing through clinical trials for China’s National Medical Products Administration (NMPA) approval, with plans to launch in Hong Kong by early 2026. Following MSX MetaGenie’s FDA Breakthrough Device Designation in February 2024, MicroSigX is pursuing a dual-track regulatory strategy for market entry.

Making a Mark on the Global Stage

This isn’t the founders’ first venture. They previously founded G-NiiB GenieBiome, which garnered international recognition with SIM01, a Lancet-published supplement developed to restore gut microbiome balance after acute Covid-19.

In just five years, G-NiiB GenieBiome expanded beyond Hong Kong to establish research and development and regional offices across mainland China, Southeast Asia and the U.K., while building international research partnerships in Australia and North America.

For the founders, their goals transcend beyond commercial success as they envision making the diagnostic accessible and affordable worldwide while establishing Hong Kong as a global biotech hub.

“MicroSigX will be a world-leading company in microbiome diagnostics. We are in a position to put Hong Kong on the world map and make it one of the leaders in the microbiome industry,” Prof Chan says.

www.microsigx.com

Creating Unforgettable Memories At The Fullerton Hotels And Resorts

Posted on October 10, 2025 | by Lulinda Leung | Leave a Comment

Located in the metropolises of Singapore, Sydney and Hong Kong, The Fullerton Hotels and Resorts presents an ideal base to experience these wonderful cities thanks to its unique blend of heritage, elegance and warm hospitality. Whether you are looking for an exquisite suite in a historic gem or a picturesque retreat to unwind after a day of experiential activities or simply to savor local flavours, The Fullerton Hotels and Resorts is your sweet home away from home, where you can create your own fond memories.

The Fullerton Hotel Singapore

Located by the scenic Marina Bay and revitalised from a magnificent neoclassical landmark completed in 1928, The Fullerton Hotel Singapore is the embodiment of history meeting modernity. Steeped in Singapore’s illustrious history, the 400-room hotel gracefully blends heritage with modern elegance, offering guests an experience of impeccable comfort and hospitality. Fondly called ‘Mile Zero’, this iconic building once served as the point from which Singapore’s roads were mapped. Its storied history includes roles as the General Post Office, the prestigious Singapore Club and various government departments. The architecture was gazetted as Singapore’s 71^st National Monument in December 2015.

The Fullerton Bay Hotel Singapore

Built on the shimmering waters of Marina Bay, The Fullerton Bay Hotel Singapore and its destination restaurant, The Clifford Pier, are ideal for discerning guests to experience Singapore. Styled by acclaimed designer André Fu, this architectural gem makes the most of its location with each of the 100 opulent rooms and suites offers mesmerising views of the iconic Singapore skyline. Guests can indulge in the 25-metre rooftop pool, or savour classic French cuisine at the chic bistro, La Brasserie, while enjoying panoramic views of Marina Bay. Meanwhile, its attentive services have been recognised with a Forbes Travel Guide Five-Star rating.

The Fullerton Ocean Park Hotel Hong Kong

Located by the aquamarine waters, The Fullerton Ocean Park Hotel Hong Kong is the brand’s newest offering. Comprising two sleek towers connected by a terrace, the oceanfront resort has been built with sustainability in mind. Each room and suite commands breathtaking views of the South China Sea, providing a tranquil sanctuary a mere 20-minute drive from the hustle and bustle of the city. The beautifully presented resort provides comprehensive wellness offerings such as an expansive infinity pool facing the parnoramic sea, a 24-hour gym and an oceanview spa. Meanwhile, the dedicated F.U.N. Desk team curates a range of Fun, Unique, Neighbourhood and Nature-immersive Fullerton Experiences to ensure a blissful gateway for guests. The resort also features delectable dining destinations, presenting a smorgasbord of time-honoured menus while showcaseing culinary craftmanship at its finest.

The Fullerton Hotel Sydney

Housed in the 1874 historic landmark intertwined with the city’s development for more than a century, The Fullerton Hotel Sydney commands a prime position in the heart of the city and the hearts of Sydneysiders. It is a seamless blend of culture, timeless elegance and contemporary hospitality. Guests will be impressed by its beautifully restored Clock Tower, the vaulted granite arcades, well-appointed interiors and fantastic food on offer. The old telegraph rooms now serve as ballrooms, the stables contain bars and restaurants, while the postmaster’s office has been lovingly adapted into the Heritage Long Suite, complete with marble fireplaces and the postmaster’s original desk. The 416-room hotel is a destination where Sydney’s stories, culture, arts and culinary excellence can be celebrated and shared with both local and international communities.

www.sino.com

www.fullertonhotels.com

Passion Meets Portfolio: How Asia’s Wealthy Unlock Value From Lifestyle Assets

Posted on October 10, 2025 | by Lulinda Leung | Leave a Comment

From the auction room to the marina, Asia’s ultra-high net worth (UHNW) individuals are turning their passions into an integral part of their portfolios. With fortunes continuing to grow at a rapid clip across the region, many individuals and families are leveraging their art collections, superyachts or private jets to help them achieve their financial goals through specialized financing strategies.

“As more of our clients in Asia acquire lifestyle assets, we are seeing growing interest in using them to unlock value and liquidity. And with greater awareness, we expect opportunities in this space to grow rapidly,” says Stephane Avis, Managing Director at J.P. Morgan, Co-Head of Lending Solutions Asia.

**Stephane Avis**, Managing Director at J.P. Morgan, Co-Head of Lending Solutions Asia

This shift has created an opportunity for J.P. Morgan to apply its global experience to Asia, where specialty lending strategies for passion assets are still relatively new. While the firm has supported clients in the United States and Europe for decades, its offering in Asia has expanded significantly in recent years.”

A Roadmap to Balancing Lifestyle and Wealth

Despite its promise, managing and financing lifestyle assets is far from straightforward. The complexities of owning such assets often extend beyond financial considerations. Art carries cultural and emotional meaning, while yachts and aircraft require significant operational knowledge and experience. For J.P. Morgan, the entry point to advising clients is always a comprehensive conversation regarding their long-term objectives.

“We create a goals-based roadmap for our clients’ wealth for the coming years and even across generations. This approach enhances our conversations with clients, allowing us to focus more deeply on what truly matters to them and to tailor strategies that help achieve their unique goals,” explains Avis.

Such an approach is particularly useful when clients inherit assets they may not know how to manage. For instance, an art collection built over decades may represent family history as well as significant financial value. Clients may hesitate to sell while also considering their liquidity needs.

Lending against this art provides “liquidity without liquidation,” allowing them to preserve ownership while releasing capital to expand their collections or pursue other investments. The same holds true for yachts and aircraft, which often straddle the line between lifestyle and business use. “The more you can look across the client’s balance sheet and lend, not just on liquid assets but also on property or lifestyle assets, the more choices they have and the more flexibility they have in how they want to design a long-term wealth plan,” says Steven Hawkins, Managing Director at J.P. Morgan, International Head of Specialty Lending.

“As more of our clients in Asia acquire lifestyle assets, we are seeing growing interest in using them to unlock value and liquidity.”

– Stephane Avis

Asia’s Take on Passion Assets

While the trend toward lifestyle assets is global, Asia presents its own set of distinct characteristics. Infrastructure for yacht ownership in the region, for example, is still developing. Marinas in Singapore, Hong Kong and other hubs are expanding, yet capacity remains limited. Similarly, private jet ownership is growing rapidly, creating demand for new airport facilities.

“The nature of the asset might change depending on the region. In Asia, the infrastructure for superyacht ownership is still being built out. You might not see as many superyachts locally, but many Asian owners will keep theirs in the Mediterranean or the Caribbean. As infrastructure grows, you are going to see further expansion,” says Hawkins.

Art, however, is firmly embedded in Asia’s family traditions. Families see collections as cultural legacies, and younger generations are increasingly engaged with the art world. “If your parents have invested 40 or 50 years in a specific part of the art world and you inherit that, there is history to it,” notes Avis.

“There might be desire for the next generation to keep the collection, but it is a lot of money sitting idle. That is why we want clients to think about the balance sheet holistically,” he adds.

“What we are doing today, we believe, may be good for you in five years or 10—and good for your grandchildren in 50 years.”

– Steven Hawkins

With one of the world’s largest corporate art collections, J.P. Morgan draws on its deep history with art to help clients navigate the complexities of building and preserving collections. The firm also sponsors leading events and exhibitions such as The European Fine Art Foundation (TEFAF), Paris Photo and the National Gallery Singapore, extending its engagement to the broader art community.

Singapore Yachting Festival 2025, where J.P. Morgan served as the Official Banking Partner.

Beyond the art world, the bank has sponsored the Singapore Yachting Festival and the classic car race Mille Miglia. Together, these activities create opportunities for clients to engage, network and learn across the industries that inspire their passions.

“A lot of the value we bring is not just in the balance sheet. It is being able to engage with a family who is maybe purchasing or building their first superyacht and helping them navigate what it means to own one. It is the same in the art space, where we provide a bridge into the industry,” says Hawkins.

Strength in Scale and Connectivity

The appetite for passion assets is set to accelerate in Asia as wealth continues to expand and successive generations take the lead in managing family fortunes. J.P. Morgan expects demand for specialty lending in the region to keep rising, supported by greater awareness among clients and growing infrastructure for yachts, jets and art storage.

**Steven Hawkins,** Managing Director at J.P. Morgan, International Head of Specialty Lending

The competition in this fast-growing space is intense, but J.P. Morgan’s scale and connectivity offer clear advantages. With a fortress balance sheet, the firm is able to support clients through market cycles, providing stability and confidence even in uncertain conditions. Its worldwide network also ensures clients can access the same capabilities wherever they are, whether in Asia, Europe, Latin America or the U.S.

“Our clients are very mobile. They want to make sure that when they talk to J.P. Morgan, wherever they are, they get the high-level service and consistent answers. The networking and connectivity we have across the firm is extremely important,” says Avis.

The bank’s strength also lies in the long-term approach to client relationships, adds Hawkins. “We really do take a partnership approach when it comes to lending. When we provide access to the balance sheet, it is not on a transactional basis. What we are doing today, we believe, may be good for you in five years or 10—and good for your grandchildren in 50 years.”

For more information

privatebank.jpmorgan.com

Creating Unforgettable Memories At The Fullerton Hotels And Resorts

Posted on November 8, 2024 | by Lulinda Leung | Leave a Comment

Metropolises like Hong Kong, Singapore and Sydney all have rich cultures and histories worth exploration. The Fullerton Hotels and Resorts presents an ideal choice to experience these storied cities thanks to its unique blend of heritage, elegance and warm hospitality. Whether you are looking for an exquisite suite in a historic gem or a serene retreat to unwind after a day of experiential activities, The Fullerton Hotels and Resorts provides a welcoming sanctuary that feels like home, where you can create your own fond memories.

The Fullerton Hotel Singapore

Located by the scenic Marina Bay and revitalized from a magnificent neoclassical landmark completed in 1928, The Fullerton Hotel Singapore is an embodiment of history meeting the future. Steeped in Singapore’s illustrious history, the 400-room hotel gracefully blends heritage with modern elegance, offering guests an experience of impeccable comfort and hospitality. Fondly called “Mile Zero”, this iconic building once served as the point from which Singapore’s roads were mapped. Its storied history includes roles as the General Post Office, the prestigious Singapore Club and various government departments. The architecture was gazetted as Singapore’s 71^st National Monument in December 2015.

The Fullerton Bay Hotel Singapore

Nestled on the shimmering waters of Marina Bay, The Fullerton Bay Hotel Singapore welcomed its first guests in 2010. It is a sleek, modern hotel with breathtaking architecture. Each guestroom and suite offers mesmerizing views of Marina Bay and the iconic Singapore skyline. Guests can also enjoy the rich tapestry of Singapore’s history through contemporary art that celebrates its heritage and modernity. Its chic restaurant, La Brasserie, offers classic French bistro favorites vis-à-vis panoramic views of the bay.

The Fullerton Ocean Park Hotel Hong Kong

The latest addition to the growing portfolio, The Fullerton Ocean Park Hotel Hong Kong opened doors in July 2022. With its unique oceanfront location overlooking Hong Kong’s southern vista, all of the 425 well-appointed guest rooms and suites enjoy panoramic views of the South China Sea. The two signature suites both feature a private pool and an expansive outdoor terrace for guests seeking a splendid al fresco getaway, while the nine themed rooms are perfect choices for families wishing to treat their little ones to an unforgettable stay.

The Fullerton Ocean Park Hotel Hong Kong is a sustainability-minded resort with a wide spectrum of green and wellness features, including a farm, provision of smart water stations and procurement of seafood from sustainable sources. It also curates comprehensive retreat offerings to ensure an unforgettable resort getaway. It has attained WELL Certified™ Gold, becoming the first hotel in Hong Kong and mainland China to receive the accreditation.

The hotel features four dining destinations, namely Lighthouse Lounge, Lighthouse Café, Satay Inn and Jade. From palatable Cantonese fare to time-honored Singaporean delights, each of the dining concepts presents a distinctive flavour while showcasing culinary craftsmanship at its finest.

The Fullerton Hotel Sydney

The Fullerton Hotel Sydney, commands a prime position in the heart of the city and the hearts of Sydneysiders. Housed in Sydney’s former General Post Office, the much-loved heritage landmark has been intertwined with Sydney’s history over the past 150 years. The Fullerton Hotel Sydney is a seamless blend of culture, timeless elegance and contemporary hospitality. The 416-room hotel is a destination where Sydney’s stories, culture, arts and culinary excellence can be celebrated and shared with both the local community and global guests.

www.sino.com

www.fullertonhotels.com

A World Of Opulence Awaits At Galaxy Macau

Posted on April 19, 2024 | by Lulinda Leung | Leave a Comment

Galaxy Entertainment Group (GEG) completed the third expansion phase of Galaxy Macau last December, officially unveiling the Galaxy International Convention Center, Galaxy Arena, Andaz Macau and Raffles at Galaxy Macau. This marks a significant milestone, solidifying Galaxy Macau’s position as the premier integrated resort destination for both leisure and business travelers.

Galaxy Macau offers a one-stop resort experience.

Embodying the service philosophy of “World-class, Asian heart,” Galaxy Macau seamlessly blends culture, entertainment, culinary delights and leisure experiences all under one roof. It boasts a state-of-the-art convention venue, a 16,000-seat multi-purpose indoor arena, eight luxury hotels, over 120 dining establishments and more than 200 international luxury brands. The Skytop Oasis—Grand Resort Deck, exclusively for all hotel guests, is a sprawling 75,000-square-meter recreational space offering white sand beaches, water attractions such as the Skytop Adventure River Ride, Skytop Wave Pool and a kid’s aquatic play zone, dining venues, the picturesque Skytop Garden and more.

Grand Resort Deck (left) is exclusively for all hotel guests at Galaxy Macau, while Galaxy Promenade (right) offers a world-class shopping experience with over 200 luxury brands.

Galaxy International Convention Center

The Galaxy International Convention Center (GICC), spanning 40,000 square meters, sets a new standard for Macau’s Meetings, Incentives, Conferences and Exhibitions (MICE) sector. It features cutting-edge conference facilities and offers tailored planning services. With flexible MICE space, the venue can host grand banquets for up to 8,500 guests or cocktail parties for up to 16,000 guests. The 10,000-square-meter, pillarless exhibition hall accommodates up to 7,000 delegates.

The Galaxy Auditorium, equipped with advanced audio-visual systems and top-notch acoustics, is ideal for keynote sessions, opening ceremonies, cultural and musical performances and product launches.

Seamlessly connected to Galaxy Macau, the GICC positions itself as the preferred destination for global business meetings and exhibitions, with all the necessary MICE services and facilities conveniently housed under one roof.

Galaxy Arena

Galaxy Arena, located within the GICC, is the largest indoor arena in Macau, boasting a seating capacity of 16,000. This versatile venue can accommodate various events, from large-scale conferences and exhibitions to entertainment, music and sports, aligning with the government’s vision of promoting Macau as a “City of Performing Arts” and “City of Sports.”

Since its opening in April 2023, the venue has welcomed over 100 performers, including K-pop group BLACKPINK, global megastar Jackson Wang and Cantopop diva Kelly Chen. Notably, it hosted the annual star-studded award show iQIYI Scream Night and GEG’s 2023 Yao Foundation Charity Game, which saw former NBA player Yao Ming gracing the event.

Andaz Macau

Andaz Macau is the largest hotel within the Andaz brand worldwide, serving as the brand’s exclusive property in Macau. With direct connection to the GICC and Galaxy Arena, Andaz Macau offers convenience for both business and leisure travelers.

Boasting over 700 meticulously designed rooms and suites, the hotel embodies a seamless blend of Macanese and Portuguese cultural heritage with a contemporary flair. Throughout the property, guests will discover a thoughtfully curated collection of artwork, including artifacts, paintings, installations and bespoke objet d’art, paying homage to Macau’s vibrant history and diverse influences.

Andaz Macau features a vibrant lifestyle concept rooted in local art and culture.

The all-day Andaz Kitchen, led by Executive Chef André Lai, invites diners on a culinary adventure, featuring authentic Macanese and Portuguese flavors. Meanwhile, at Andaz Bar, Mixologist Shobit Shetty crafts innovative cocktails inspired by his experiences at some of Asia’s top bars.

Raffles at Galaxy Macau

The renowned Singaporean brand stays true to its legendary essence, offering an unparalleled luxurious experience at Raffles at Galaxy Macau. This expansive property stands as the largest all-suite Raffles establishment globally, with approximately 450 tastefully furnished suites. Elevating the guest experience further, the hotel’s renowned butler service offers thoughtful yet discreet assistance.

Guests are greeted by a series of artwork at the hotel lobby, themed around the four seasons. These art pieces beautifully capture the splendor of nature and the changing seasons. On the culinary front, guests can indulge in European favorites throughout the day, prepared by Chef Yorick Soh, who brings his expertise from Michelin-starred restaurants. Additionally, sushi lovers can look forward to an exclusive new sushi concept, led by renowned three-Michelin-starred Masaaki Miyakawa. The iconic Long Bar is also scheduled to open soon, offering guests the opportunity to try the “Macau Sling” cocktail, created in collaboration with noted Asia’s 50 Best Bars legend, Antonio Lai.

With these offerings and more, Galaxy Macau solidifies its status as a world-class destination. It marks a new chapter for the MICE industry and bolsters Macau’s “tourism+” cross-sectoral development strategy.

galaxymacau.com

Elevator Pitch Competition 2024 Propels Startup Success From Hong Kong To Asia And The World

Posted on February 26, 2024 | by Lulinda Leung | Leave a Comment

U.S. venture capital fell a staggering 60% in 2023, compared to the previous year. This sharp decline continues to cast a shadow of uncertainty over startups heavily reliant on such financial backing to sustain their growth.

But breaking out from this prevailing global venture capital winter, Asia has emerged as a beacon of hope, offering a compelling alternative and a blue ocean of stability and opportunities. With a more “ecosystem-led” approach that aligns public and private sector focus for innovation, Asian markets are charting another path that veers from Silicon Valley’s free-for-all model that has historically fuelled its success.

Hong Kong: Embracing Asia’s Unique Innovation Approach

In contrast to the economic and political uncertainty in the traditional innovation engines of the U.S. and Europe, Asia, with its developed markets of Hong Kong and Singapore, offers a haven of stability and resilience. Both Singapore and Hong Kong possess well-established innovation ecosystems and highly supportive government policies to bolster innovation development. The latter has the advantage of geographic proximity to mainland China, making it the ideal launchpad to the enormous Chinese market. The Shenzhen-Hong Kong-Guangzhou science and technology cluster is ranked No. 2 in the world for global patents filed, according to the Global Innovation Index 2023.

High-flying startup representative gears up for the live elevator pitch at EPiC.

Hong Kong stands out with its unique mix of an ecosystem-led innovation environment combined with a legacy of vibrant entrepreneurial freedom, spirit and success. With public and private sector support, all aligned with national policy and direction, Hong Kong’s innovation model reduces risk and uncertainty and provides stability for tech ventures to thrive, even in the face of declining global startup funding.

EPiC 2024: The Ideal Launchpad to Supercharge Startups

Today, Hong Kong is riding a wave of transformative startup activity, and the rise of the annual global Elevator Pitch Competition (EPiC), organised by Hong Kong Science & Technology Parks (HKSTP), is symbolic of the city’s meteoric growth. EPiC stands out as an iconic “mega international event” alongside the city’s global events, such as the Hong Kong Sevens, drawing record numbers of international entrepreneurs. Tech startups from all corners of the world will join EPiC 2024 to expand their footprint into Asia and gain exposure to over 1,000 investors and 350 corporate partners from Hong Kong’s largest innovation ecosystem at HKSTP.

Past Pitch Champs Set the World Alight

EPiC reduces market entry barriers and supercharges early-stage tech startups to thrive in Asia’s unique innovation environment quickly. To achieve this, HKSTP connects startups with trailblazing world-leading industry experts, visionary entrepreneurs and pioneering researchers, providing the best growth and investment opportunities, says Dr Sunny Chai, Chairman of Hong Kong Science and Technology Parks.

Two previously unknown ventures—Archireef and Ultipa—are great examples of the impact that EPiC can have on the startup road to success. Both have emerged from their EPiC experiences with reputations enhanced and financial standing boosted.

Archireef, champion of EPiC 2021, is a nature-tech company dedicated to providing eco-engineering solutions for active restoration and fostering nature-positivity in the future of marine ecosystems, spanning from shorelines to coral reefs. The homegrown Hong Kong-based startup is on a meteoric rise, going from obscurity and no hope of funding to making waves with deals and partnerships at the recent COP28 in Dubai.

“Since clinching the EPiC 2021 award, our trajectory has been nothing short of exhilarating. We are thrilled about the prospects ahead, which fuels our commitment to restoring marine ecosystems,” says Vriko Yu, Archireef’s Cofounder and CEO. “Currently, we operate in both Hong Kong and the UAE, having successfully deployed over 500 of our Reef Tiles across these regions. Our growth is continuous, and we’ve seen revenue increase by eight times in Q4 2023.”

Acknowledging the pivotal role that the HKSTP ecosystem has played in the company’s journey, Yu is grateful for access to a diverse pool of talent and expertise, both locally and internationally. The HKSTP incubation programs proved instrumental in not only refining Archireef’s business model but also facilitating the transition of academic research into commercially viable solutions.

The company has since undergone rapid expansion and garnered significant acclaim and awards from esteemed entities such as the World Economic Forum, IUCN, Forbes Asia, Bloomberg and Geneva Inventions. The innovative startup is also supported by an Abu Dhabi-based investment and holding company, along with venture capital firms based in Singapore.

Hong Kong Sparks China and Asia Success for Global Startup

Another successful EPiC participant, Ultipa, is the Silicon Valley-originated developer of a high-performance graph database system. Selected as one of the 10 finalists in EPiC 2023, the firm is looking to expand its business to the mainland China market and more broadly across Asia. The proximity to Shenzhen, along with the seamless resources provided by Hong Kong and HKSTP for startup expansion and growth, were key factors influencing Ultipa’s decision to choose HKSTP as its starting point in Asia.

“HKSTP provides business matching, investment referrals, exclusive membership of a city-wide and cross-industry virtual lab, access to co-working space as well as an extensive talent pool by reaching out to Hong Kong’s renowned universities,” says Monica Liu, Founder and COO of Ultipa.

“We found that EPiC is a global and valuable platform and probably the fastest track for our AI solutions to expand to the Greater Bay Area and Asia-Pacific markets,” Liu says.

**Dr Sunny Chai**, Chairman of Hong Kong Science and Technology Parks Corporation

The firm’s cutting-edge graph technology incorporates AI acceleration, augmentation and explainability, which is powered by its unique next-gen horizontally scalable graph computing and storage engine. Ultipa’s team has delivered industry-leading computing experiences for the world’s top banks and financial institutions. Its cutting-edge solution has won international acclaim as winner of the 2023 Banking Technology Awards (UK) in the category of “Tech of the Future – AI and Data.”

Record-Level Funding Marks Hong Kong’s Golden I&T Era

EPiC steers startups to success by directly plugging them into the HKSTP innovation ecosystem, which offers accelerated pathways to commercializing research and development ideas, securing investor interests and matching with potential customers. Its nurturing ecosystem also offers mentorship for early-stage tech startups to thrive and leverage the distinctive advantages that the Asian market has to offer.

Hong Kong has witnessed the birth of 12 unicorns and venture capital investment has substantially increased from around HK$1.2 billion (US$153 million) to about HK$40 billion (US$5.1 billion) from 2014 to 2021. The expanding investment in Hong Kong’s innovation and technology (I&T) ecosystem is gaining global recognition.

The UN Conference on Trade and Development’s Technology and Innovation Report 2023, for example, ranks Hong Kong 9th on the global Frontier Technologies Readiness Index, up from 15th place in 2021.

Last year, EPiC attracted more than 600 applications from 55 economies, with 75% from overseas markets, all vying for a chance of a US$5 million investment and US$210,000 cash prize. A semi-final has already taken place in Silicon Valley, with subsequent semi-finals scheduled in Singapore, Hong Kong and Stuttgart. The 72 finalists for this year’s EPiC will be announced in March, with the Grand Finale set to take place on April 26, 2024. The worthy finalists will be launched up the city’s tallest skyscraper, while trying to sell their winning business ideas literally in a challenging and exciting 60-second elevator ride to the Sky100 venue at the top of the International Commerce Centre. All applicants of EPiC 2024 target to arrange US$45 million investment¹ , US$240,000 in cash prizes, plus extensive partnership opportunities. The Grand Finale is expected to feature 80% international finalists and 20% local Hong Kong finalists, making it a truly global contest.

LEFT: On the right, **Vriko Yu**, Cofounder and CEO, Archireef with **Albert Wong**, CEO of HKSTP at EPiC 2023 RIGHT: **Monica Liu**, Founder and COO of Ultipa

“Hong Kong is entering a truly golden age of innovation and technology. With EPiC reaching iconic status in the innovation community, this is the ideal time for entrepreneurs to fuel global ambitions with the ‘Grow Fast Go Beyond’ ethos that drives this annual mega event and initiative,” says HKSTP’s Chai. “We are on a mission to connect the world’s innovation ecosystems to propel success. Now is the right time and Hong Kong is the right place to kickstart the innovation journey.”

360-Degree Support from Leading I&T Community

To date, HKSTP has directly supported over 1,300 ventures in their growth journey, with over 3,000 investment matchings, HK$90.9 billion (US$11.6 billion) raised by park companies and HK$1 billion (US$127.9 million) directly invested by the HKSTP Venture Fund.

Professor Sun Dong, Hong Kong’s Secretary for Innovation, Technology and Industry, highlights the importance of supporting and grooming startups to build a vibrant I&T ecosystem in Hong Kong.

“The Hong Kong Innovation and Technology Development Blueprint shows the government’s dedication to cultivating a vibrant I&T ecosystem. The Innovation, Technology and Industry Bureau is committed to offering comprehensive support to startups at their different stages of development,” Sun says.

Sun notes that in line with the government’s direction to develop Hong Kong into an international I&T centre, EPiC provides invaluable opportunities for knowledge sharing, networking and collaboration among leading experts, entrepreneurs and investors from around the world, which are essential for driving innovation and fostering the growth of technology startups.

The impact of these initiatives goes beyond individual startups, says Sun. The collaboration among startups, established companies, research institutions and government agencies has resulted in a thriving ecosystem that fosters innovation, knowledge exchange and technology transfer.

“The government will continue to work closely with all stakeholders with a view to realising Hong Kong’s vision as an international I&T hub,” Sun adds.

Looking ahead to 2024, Asia is set to lead the world in GDP, with Hong Kong at the heart of this growing region and primed to provide ambitious entrepreneurs with a supportive ecosystem that fosters growth and enhances resilience.

As Hong Kong continues to pave the way for I&T, EPiC 2024 serves as a testament to the city’s dedication to fostering growth, collaboration and success for tech startups. With its vibrant ecosystem, transparent regulations, and access to a vast talent pool, Hong Kong stands at the forefront of the global tech landscape, offering unparalleled opportunities for entrepreneurs to thrive and transform their ideas into reality and success.︱epic.hkstp.org

¹Investors (including funds managed by HKSTP CVF, Beyond Ventures, BitRock Capital, Gaw Capital, HKX, InnoAngel, Jafco Asia, Mindworks Capital and Radiant Tech Ventures) will consider investing in applicants (subject to terms and conditions to be agreed between the parties).

Redefining Wealth Management: Going Beyond Private Banking With Wealth Continuum Vision

Posted on February 26, 2024 | by Lulinda Leung | Leave a Comment

**Lok Yim**, Regional Head of HSBC Global Private Banking, Asia Pacific

With its unparalleled global network, full-service best-in-class personal to private banking capabilities and over 158 years of expertise in wealth management, HSBC can provide tailored solutions to meet the diverse needs of Asia’s wealthy in a way that is unmatched in the region.

HSBC Global Private Banking’s new regional head for Asia-Pacific, Lok Yim, outlined the bank’s approach to service its globally-minded clientele with complex, cross-border private wealth and business needs. Indeed, some 85% of entrepreneurs in Asia are looking beyond borders for business opportunities, while nearly 50% of Asia’s entrepreneurial families have a presence in more than one market, often driven through direct investments, real estate or education for their children, according to HSBC’s Global Entrepreneurial Wealth Report 2023 (GEWR).

“The client experience we offer is across the full wealth continuum to meet client needs at every key stage of their lifecycle. It goes beyond private banking, encompassing the full spectrum of HSBC’s products and services across Wealth and Personal Banking, Commercial Banking and Global Banking and Markets, to deliver tailored solutions and open up wealth and business growth opportunities for our clients in all the countries where we can support them,” says Yim.

HSBC Global Private Banking’s global network spans over 40 countries and territories, with 13 strategic booking centres. Leveraging the bank’s global presence, its clients can access banking services seamlessly in leading international financial centres and diversify their wealth globally.

The bank’s ability to provide consistent services across different geographies is reflected in its global relationship manager model, who acts as a single contact point and coordinates with other divisions of the bank to deliver a seamless client service internationally.

Moreover, HSBC’s on-the-ground presence in multiple jurisdictions enables it to offer local expertise for clients who are expanding internationally. Whether it’s helping a client in Hong Kong establish a supply chain in Saudi Arabia, or advising on Sharia-compliant financial products, HSBC’s local teams offer invaluable insights and advice.

Empowering the Future: Meeting Next-Generation Needs

Succession planning is an increasingly urgent issue for many entrepreneurs in the region. According to GEWR, some 69% of the respondents in Asia are yet to discuss their wealth plans with their family, while 46% of former entrepreneurs wish they could have consulted more with their family before their exit from the business.

With a new generation set to take over the reins of Asia’s wealthiest families, HSBC Global Private Banking’s dedicated wealth planning and advisory team provides bespoke solutions in wealth and succession planning, trust services, philanthropy, family office and sustainability, and customised mandates based on each family’s unique culture, values and vision for the future. The team plays a role as an adviser, facilitating open and early dialogue within the families, helping to smooth the process of multigenerational wealth transfer.

Being one of the longest-serving trustee businesses in Asia, HSBC Trustee has over 75 years of experience working with some of the most sophisticated families globally, building bridges across generations of wealth and preserving legacy across geographies. Families with global interests can benefit from HSBC Trustee’s international coverage spanning Hong Kong, Singapore, Delaware, New York in the U.S. and Jersey in the Channel Islands.

As a new generation of ultra-high net worth individuals emerge, Yim notes that HSBC Global Private Banking is adapting its services to meet the increasing sophistication of these younger clients. They are keen to professionalise the management of their business and wealth, seeking everything from access to institutional-grade services and investment opportunities to credit solutions.

Meanwhile, today’s affluent are looking to grow their wealth purposefully, which includes incorporating Environmental, Social and Governance (ESG) considerations into their investment decisions. Increasingly, a new generation of clients are paying closer attention to social and governance issues, in addition to environmental ones. Having gained an understanding of their motivations and ambitions, HSBC Global Private Banking’s expertise supports these clients in realising their desired outcomes through philanthropy or impact investing.

Elevating Experiences with High-Touch, High-Tech Solutions

Technology plays an increasingly pivotal role in delivering HSBC’s services to its private banking clients. In this regard, the bank has adopted a hybrid model that combines high-touch, personalised service with digital solutions, ensuring clients can engage with the bank in a manner that suits them best.

Whether it’s performing analytics on their portfolio, executing trades or simply managing day-to-day banking needs, clients have the flexibility to interact with their relationship managers and investment counsellors securely through HSBC’s digital platforms.

The bank’s digital concierge service exemplifies this hybrid approach, assisting clients in navigating the bank’s technological offerings and enhancing their experience. This service caters to clients who value both the efficiency of digital solutions and the personal touch of human interaction.

“Our view on technology is to make the client experience as seamless as possible in a way that works for them. We’re not insisting that clients use the digital tools we provide, but if they prefer to use them and find it makes their lives easier, these options are available,” says Yim.

Clients can also take advantage of HSBC’s strong presence in its Asia home market of Hong Kong, which serves as an international wealth hub, as well as a gateway to mainland China and the rest of the region. The bank’s global network and expertise in wealth management enable its private banking team to provide both local residents and international clients unparalleled service and support.

Yim adds, “I believe that no other bank, especially in Asia, can offer a seamless continuum of services for private banking clients like HSBC does and connect them to all the markets we operate in globally, and for their generations to come.”

privatebanking.hsbc.com

Disclaimer

The information contained in this article has not been reviewed in the light of your individual circumstances and is for information purposes only. It does not purport to provide legal, taxation or other advice and should not be taken as such. No client or other reader should act or refrain from acting on the basis of the content of this article without seeking specific professional advice. Issued by The Hongkong and Shanghai Banking Corporation Limited.