Invest Hong Kong Hosts policy briefing for professional services sector to promote Hong Kong’s family office development (with photos)

Source: Hong Kong Government special administrative region

​Invest Hong Kong (InvestHK) today (June 10) hosted the Hong Kong Wealth Management and Professional Services Policy Briefing, targeting legal and professional services firms from the Mainland. The event provided deep insights into Hong Kong’s latest policy developments including family office policies and tax incentives. The session was well received, drawing participation from over 60 representatives of legal and professional firms serving high-net-worth clients. The event sparked active discussions, with participants expressing keen interest and strong confidence in the evolving role of Hong Kong’s professional services sector and the future of Hong Kong’s family office ecosystem.

Key topics covered included interpretation of Hong Kong’s latest family office policies, comparisons with regional regimes and tax incentives, case studies and a question-and-answer session. The session aimed to enhance understanding among legal and advisory firms of Hong Kong’s policy landscape, strengthen participant’s positioning as cross-border advisors to ultra-high-net-worth individuals (UHNWIs), and facilitate the development of business networks in Hong Kong.

Associate Director-General of Investment Promotion at InvestHK Mr Charles Ng said, “Hong Kong is the leading hub for asset and wealth management in Asia with over US$4 trillion in assets under management. Our city is recognised as a trusted gateway for global capital seeking access to opportunities across Asia and beyond. Our leadership is further evidenced by our standing as Asia’s largest hedge fund hub and Asia’s largest cross-border wealth management centre. The professional services sector plays a strategic and indispensable role in enabling this ecosystem to flourish. InvestHK is committed to working closely with legal, accounting, trust, and advisory professionals to promote policy understanding and strengthen Hong Kong’s competitiveness in cross-border wealth management and succession planning.”

Legal professionals attending the event provided perspectives on Hong Kong’s family office policies and the growing opportunities arising from them. The Chair of the Family Office Committee at the Law Society of Hong Kong, Mr Chan Chak-ming, said, “With increasing interest from UHNWIs in Asia, Hong Kong’s forward-looking initiatives, including tax incentives and efficient market processes, solidify its position as the region’s leading destination for family offices. Together with InvestHK, we aim to strengthen Hong Kong’s role as a nexus for global wealth, ensuring it remains responsive to the sophisticated needs of UHNWIs while reinforcing trust and long-term confidence.”

InvestHK will continue to collaborate with industry stakeholders to support legal and advisory firms in expanding their high-end wealth services in Hong Kong, and to promote the city as a premier hub for family offices and a cross-border wealth management centre in Asia, helping Mainland and international families of UHNWIs achieve long-term goals in asset growth and succession.

        

Committee on Innovation, Technology and Industry Development holds sixth meeting (with photos)

Source: Hong Kong Government special administrative region

     The Secretary for Innovation, Technology and Industry, Professor Sun Dong, chaired the sixth meeting of the Committee on Innovation, Technology and Industry Development (CITID) this morning (June 10).

     At the meeting, members were briefed on the major initiatives and latest developments of new industrialisation in Hong Kong, and shared their views on the relevant measures.

     Professor Sun said, “The current-term Government has proactively launched and implemented a series of policies and measures in accordance with the Hong Kong Innovation and Technology Development Blueprint (the Blueprint) to improve the local innovation and technology (I&T) ecosystem, develop new and emerging industries of strategic importance, support start-ups, formulate plans for future industries, and facilitate the upgrading and transformation of traditional industries through I&T, thereby promoting the development of I&T industries and new industrialisation.”

     Established on March 3, 2023, the CITID advises the Government on the directions and strategies as set out in the Blueprint on promoting the development of I&T in Hong Kong, and enhances co-operation among stakeholders.

     

Ombudsman probes Hospital Authority’s assistive device loan service (with photo)

Source: Hong Kong Government special administrative region

Ombudsman probes Hospital Authority’s assistive device loan service (with photo)               168–200 Connaught Road Central, Hong Kong
Fax:         2882 8149
Email:      cic-ha@ombudsman.hk
Issued at HKT 11:00

The following is issued on behalf of the Office of The Ombudsman: The Ombudsman, Mr Jack Chan, today (June 10) announced the launch of a full investigation into the procedures and mechanisms currently employed by the Hospital Authority (HA) in providing an assistive device loan service to the public. Hospitals under the HA have long provided patients and their families or carers with a loan service of assistive devices, such as wheelchairs, canes and walking frames to support patients in their daily routine and rehabilitation during recovery. While this service is undoubtedly beneficial to the public and worthy of support, available information indicates that the borrowing and returning procedures are rather cumbersome and overly stringent. For example, when a device is returned, the deposit payer must present the deposit receipt to collect the refund in person at the hospital; authorising a representative is not acceptable. Moreover, without the receipt, a refund will be denied even if the deposit payer visits the hospital in person and provides proof of the device’s proper return. Mr Chan said, “Assistive devices are essential to facilitating the early recovery and daily lives of patients with needs, and alleviating the burden on families and carers. The Office has noted that the HA’s current loan arrangements may cause varying degrees of inconvenience to patients and their families and carers. Given the significant number of borrowers and a 10/06/2025, 09:54 Ombudsman probes Hospital Authority’s assistive device loan service (with photo) https://www.info.gov.hk/gia/general/202506/10/P2025061000292p.htm 1/2 deposit as high as $3,500 for each assistive device, denying refunds due to missing receipts would not only lead to conflicts, but also imposes a financial burden on patients and their families. In this light, I have decided to launch a full investigation into the HA’s current procedures and mechanisms for assistive device loan services to identify any areas for improvement. Pertinent recommendations will be made for the benefit and convenience of the public.” The Ombudsman welcomes views from members of the public on this topic. Written submissions should reach the Office of The Ombudsman by July 10, 2025: Address: 30/F, China Merchants Tower, Shun Tak Centre 168–200 Connaught Road

Three property owners fined over $410,000 in total for not complying with statutory orders

Source: Hong Kong Government special administrative region

Three property owners fined over $410,000 in total for not complying with statutory ordersIssued at HKT 11:00

Three property owners were convicted and fined over $410,000 in total by the court earlier for failing to comply with statutory orders issued under the Buildings Ordinance (BO) (Cap. 123). The first case involved an unauthorised structure with an area of about 50 square metres on the roof of a village house in D.D.183, Sha Tin. Since the Lands Department would not issue a certificate of exemption for the unauthorised building works (UBWs) and the UBWs were carried out without prior approval and consent from the Buildings Department (BD), a removal order was served on the owner under section 24(1) of the BO. Failing to comply with the removal order, the owner was prosecuted by the BD and was fined $128,300 in total, of which $108,300 was the fine for the number of days that the offence continued, upon conviction at the Shatin Magistrates’ Courts on June 4. The second case involved two unauthorised structures with a total area of about 102 square metres on the flat roof of a residential building at Tsing Chui Path, Tuen Mun. As the UBWs were carried out without prior approval and consent from the BD, a removal order was served on the owner under section 24(1) of the BO. Failing to comply with the removal order, the owner was prosecuted twice by the BD and was fined $22,760 in total upon conviction by the court. As the owner persisted in not complying with the removal order, the BD instigated the third prosecution in 2023. The owner was convicted and fined $197,500 in total by the Court, of which $97,500 was 10/06/2025, 09:57 Three property owners fined over $410,000 in total for not complying with statutory orders https://www.info.gov.hk/gia/general/202506/10/P2025061000261p.htm#:~:text=%E2%80%8BThree property owners were,a village house in D.D. 1/2 the fine for the number of days that the offence continued, upon conviction at the Tuen Mun Magistrates’ Courts on June 4. The third case involved alteration works at a composite building on Prince Edward Road West, Kowloon, including removal of two fire rated doors on the eighth floor and at the yard on the ground floor respectively, and a door opening formed in the wall of the yard on the ground floor. The alteration works affected the fire resisting construction of the building and contravened the Building (Construction) Regulation. A removal order was served on the owner under section 24(1) of the BO. Failing to comply with the removal order, the owner was prosecuted by the BD and was fined $85,060 in total, of which $81,060 was the fine for the number of days that the offence continued, upon conviction at the Kowloon City Magistrates’ Courts on May 21. A spokesman for the BD said today (June 10), “Unauthorised building works, including unauthorised alterations affecting the fireresisting construction of a building, may lead to serious consequences. The owners concerned must comply with the statutory orders issued by the BD without delay. The BD will continue to take enforcement action against owners who fail to comply with statutory orders, including instigation of prosecution, to ensure building safety.” Failure to comply with a removal order without reasonable excuse is a serious offence under the BO. The maximum penalty upon conviction is a fine of $200,000 and one year’s imprisonment, and a further fine of $20,000 for each day that the offence continues. Ends/Tuesday, June 10, 2025 Issued at HKT 11:00 NNNN

Quarterly business receipts indices for service industries for first quarter of 2025

Source: Hong Kong Government special administrative region

Quarterly business receipts indices for service industries for first quarter of 2025 
     Comparing the first quarter of 2025 with the first quarter of 2024, double-digit increases were recorded in business receipts indices of the financing (except banking) (+32.5%), insurance (+23.1%), import/export trade (+19.4%) and banking (+19.0%) industries. On the other hand, decreases were recorded in business receipts indices of the real estate (-6.7%) and retail (-6.5%) industries during the same period.
 
     Analysed by service domain, business receipts index of the computer and information technology services domain increased by 60.2% year-on-year during the same period, while that of the tourism, convention and exhibition services domain also increased by 1.1% year-on-year.
 
     On a seasonally adjusted quarter-to-quarter comparison, business receipts in value terms of many major service industries recorded increases of varying magnitudes in the first quarter of 2025 when compared with the fourth quarter of 2024. In particular, double-digit increases were recorded in business receipts indices of the insurance (+32.5%), import/export trade (+20.3%) and banking (+19.9%) industries. On the other hand, business receipts index of the real estate industry decreased by 5.7% during the same period.
 
     Analysed by service domain, comparing the first quarter of 2025 with the fourth quarter of 2024 on a seasonally adjusted basis, business receipts index of the computer and information technology services domain increased by 50.3%, while that of the tourism, convention and exhibition services domain also increased by 0.7%.
 
Commentary
 
     A Government spokesman said that business receipts of many service industries recorded increases in the first quarter of 2025 over a year earlier. More notable increases in business receipts were seen for the financing (except banking), insurance, import/export trade and banking industries.

     Looking ahead, business of the service industries should be supported by economic growth. Continued growth of the Mainland economy and the Hong Kong Government’s various measures to boost economic momentum should be conducive to the businesses of the services industries, though some industries may be affected by the continued headwinds stemming from the uncertainties in the external environment and the changing consumption patterns of residents and visitors in the local market.
 
Further information
 
     Table 1 presents the business receipts indices and their corresponding year-on-year rates of change in respect of selected service industries and service domains for the recent five quarters, while Table 2 shows the corresponding quarter-to-quarter rates of change in the business receipts indices for the recent five quarters based on the seasonally adjusted series.
 
     The revised figures of business receipts indices for the first quarter of 2025 will be released at the website of the C&SD (www.censtatd.gov.hk/en/web_table.html?id=660-69001 
     Data for compiling the business receipts indices are mainly based on the Quarterly Survey of Service Industries conducted by the C&SD, supplemented by relevant data provided by the Hong Kong Monetary Authority and the Hong Kong Tourism Board.
 
     A service domain differs from a service industry in that it comprises those economic activities which straddle different industries but are somehow related to a common theme. It may include all activities carried out by all establishments in a service industry that is closely related to the domain. For a service industry that is less closely related, however, only a portion of the establishments in the industry or even only part of the economic activities of the establishments is related to the domain. Taking the tourism, convention and exhibition services domain as an example, it includes all services of convention and exhibition organisers, short-term accommodation services and services of travel agents, and some of the services (only those involving visitors as customers) of restaurants, retailers and transport operators.
 
     The classification of service industries follows the Hong Kong Standard Industrial Classification Version 2.0, which is used in various economic surveys for classifying economic units into relevant industry classes.
 
     More detailed statistics are given in the report “Quarterly Business Receipts Indices for Service Industries, First Quarter 2025”. Users can browse and download this publication at the website of the C&SD (
www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080006&scode=520 
     For enquiries about the business receipts indices, please contact the Business Services Statistics Section of the C&SD (Tel: 3903 7274 or e-mail:
business-receipts@censtatd.gov.hkIssued at HKT 16:30

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Construction output for first quarter of 2025

Source: Hong Kong Government special administrative region

Construction output for first quarter of 2025 
     After discounting the effect of price changes, the provisional results showed that the total GVCW performed by main contractors slightly decreased by 0.9% in real terms over the same period. GVCW in real terms is derived by deflating the corresponding nominal value with an appropriate price index to the price level in the base period of 2000.
 
     Analysed by type of construction works, the GVCW performed at private sector sites totalled $19.4 billion in the first quarter of 2025, down by 10.7% in nominal terms over a year earlier. In real terms, it decreased by 12.7%. The GVCW performed at public sector sites increased by 17.4% in nominal terms over a year earlier to $30.5 billion in the first quarter of 2025. In real terms, it increased by 13.8%.
 
     The GVCW performed by main contractors at locations other than construction sites amounted to $20.6 billion in the first quarter of 2025, down by 3.9% in nominal terms compared with a year earlier. In real terms, it decreased by 5.7%. Construction works at locations other than construction sites included minor new construction activities and decoration, repair and maintenance for buildings; and electrical equipment installation and maintenance works at locations other than construction sites.
 
     Analysed by major end-use group, the GVCW performed at construction sites in respect of residential buildings projects amounted to $20.9 billion in the first quarter of 2025, up by 5.0% in nominal terms over a year earlier. Over the same period, the GVCW performed at construction sites in respect of transport projects down by 19.4% in nominal terms to $8.8 billion in the first quarter of 2025.
 
     On a seasonally adjusted quarter-to-quarter basis, the GVCW performed by main contractors slightly increased by 0.1% in nominal terms but decreased by 1.0% in real terms in the first quarter of 2025 compared with the fourth quarter of 2024.
 
     Table 1 shows the provisional figures on the GVCW performed by main contractors in the first quarter of 2025. Tables 2 and 3 show the revised figures for the whole year of 2024 and the fourth quarter of 2024 respectively.
 
     Owing to the widespread sub-contracting practices in the construction industry, a construction establishment can be a main contractor for one contract and a sub-contractor for another contract at the same time. The GVCW performed by main contractors covers only those projects in which the construction establishment takes the role of a main contractor, but not projects in which it takes only the role of a sub-contractor. However, sub-contractors’ contribution to projects should have been included in the GVCW performed by main contractors for whom they worked.
 
     The classification of construction establishments follows the Hong Kong Standard Industrial Classification Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.
 
     More detailed statistics are given in the “Report on the Quarterly Survey of Construction Output”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1090002&scode=330 
     For enquiries about the survey results, please contact the Construction and Miscellaneous Services Statistics Section of the C&SD (Tel: 3903 6965; email:
building@censtatd.gov.hkIssued at HKT 16:30

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Results of monthly survey on business situation of small and medium-sized enterprises for May 2025

Source: Hong Kong Government special administrative region

Results of monthly survey on business situation of small and medium-sized enterprises for May 2025 
     The current diffusion index (DI) on business receipts amongst SMEs increased from 41.2 in April 2025 in the contractionary zone to 42.1 in May 2025, whereas the one-month’s ahead (i.e. June 2025) outlook DI on business receipts was 45.4. Analysed by sector, the current DIs on business receipts, despite below the 50-mark, rose in May 2025 as compared with previous month for many surveyed sectors, particularly for the import and export trades (from 40.2 to 41.9) and wholesale trade (from 40.0 to 41.5).
  
     The current DI on new orders for the import and export trades increased from 42.0 in April 2025 to 44.0 in May 2025, whereas the outlook DI on new orders in one month’s time (i.e. June 2025) was 45.8.
 
Commentary
 
     A Government spokesman said that business sentiment among SMEs and their outlook in one month’s time saw some improvement in May, as the global trade tensions eased somewhat. The overall employment situation also turned slightly better.
 
     Looking ahead, the uncertain external environment could continue to affect business sentiment. Nonetheless, the resilient local economy and sustained steady growth in the Mainland economy should provide a solid backstop. The Government will continue to monitor the situation closely.
 
Further information
 
     The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.
 
     The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.
 
     More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300 
     Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email:
sme-survey@censtatd.gov.hkIssued at HKT 16:30

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Special offers announced in celebration of HKSAR’s 28th anniversary

Source: Hong Kong Government special administrative region

Special offers announced in celebration of HKSAR’s 28th anniversary 
     For public transport, members of the public can enjoy free rides on all passenger tram routes from July 1 to 3. The MTR will give away 71 000 e-single journey tickets through a lucky draw on July 1 and provide Airport Express offers to holders of Child Octopus and JoyYou Cards. Moreover, free rides on several ferry routes will be offered to the public on July 1, with vouchers for certain ferry routes to be distributed in advance.
 
     In culture, arts and leisure, the public will be offered free admission to a number of fee-charging leisure and cultural facilities of the Leisure and Cultural Services Department and to the Hong Kong Wetland Park under the Agriculture, Fisheries and Conservation Department on July 1. They can also enjoy free admission to all General Admission exhibitions at M+ and all thematic exhibitions at the Hong Kong Palace Museum in the West Kowloon Cultural District on that day. Furthermore, additional free guided tours, dining, consumption and accommodation offers will be provided from mid-June to early July by the 12 projects under the Revitalising Historic Buildings Through Partnership Scheme.
 
     As for dining and consumption, several public markets under the Food and Environmental Hygiene Department will roll out different offers. Members of the public can also enjoy a 29 per cent discount when purchasing selected products of the Fish Marketing Organization and the Vegetable Marketing Organization via the “Local Fresh” online store or mobile app from July 1 to 7. The Environmental Protection Department will offer double GREEN$ Points to the public who recycle at its community recycling network GREEN@COMMUNITY on July 1.
 
     Meanwhile, more than 1 000 restaurants and merchants are expected to provide dining offers on July 1. The Peak Tram, Ngong Ping 360 and Ocean Park Hong Kong will offer ticket discounts, while Hong Kong International Airport, Hong Kong Science Park, various shopping malls and department stores will roll out shopping, dining, consumption or parking offers. In addition, the Hong Kong Tourism Board will team up with local businesses to offer various dining, shopping, attractions, tours and entertainment deals.
 
     The Government thanks various sectors for actively responding to its call by launching special offers and activities to celebrate with the public the HKSAR’s 28th anniversary. Information about the offers and activities is available on the dedicated website (www.hksar28.gov.hkIssued at HKT 13:18

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Special offers announced for Jul 1

Source: Hong Kong Information Services

To celebrate the 28th anniversary of the Hong Kong Special Administrative Region’s establishment on July 1, the Government and different sectors of the community will launch a rich array of special offers and activities to share with the public the joy of Hong Kong’s return to the motherland.

The MTR will give away 71,000 e-single journey tickets through a lucky draw on July 1 and provide Airport Express offers to holders of Child Octopus and JoyYou Cards.

Free rides on several ferry routes will be offered on July 1, with vouchers for certain ferry routes to be distributed in advance. Citizens can also enjoy free rides on all passenger tram routes from July 1 to 3.

On July 1, the use of fee-charging leisure and cultural facilities of the Leisure & Cultural Services Department and admission to the Hong Kong Wetland Park under the Agriculture, Fisheries & Conservation Department will be complimentary.

The public can also enjoy free admission to all General Admission exhibitions at M+ and all thematic exhibitions at the Hong Kong Palace Museum.

Additional free guided tours, dining, consumption and accommodation offers will be available from mid-June to early July by the 12 projects under the Revitalising Historic Buildings Through Partnership Scheme.

As for dining and consumption, over 1,000 restaurants and merchants are expected to provide dining offers on July 1.

Several public markets under the Food & Environmental Hygiene Department will roll out offers. Additionally, people can enjoy a 29% discount when purchasing selected products via the “Local Fresh” online store or mobile app from July 1 to 7.

The Environmental Protection Department will award double GREEN$ Points to users who recycle at GREEN@COMMUNITY on July 1.

Separately, the Peak Tram, Ngong Ping 360 and Ocean Park will offer ticket discounts, while Hong Kong International Airport, Hong Kong Science Park, various shopping malls and department stores will roll out shopping, dining, consumption or parking offers.

The Hong Kong Tourism Board will team up with local businesses to provide various dining, shopping, attractions, tours and entertainment deals.

Castle Peak Hospital appeals to public on missing patient

Source: Hong Kong Government special administrative region

Castle Peak Hospital appeals to public on missing patient 
     A 43-year-old female inpatient absconded at about 9am today during a dental follow-up appointment at a clinic outside CPH, for which she had been escorted by staff. CPH immediately reported the incident to the Police for assistance, and has informed the patient’s relatives. The hospital will fully co-operate with the Police for the search.
 
     The patient is 1.61 metres tall, is of medium build with a ponytail. She was wearing a dark blue long-sleeved top, a blue vest jacket and red trousers when she left the hospital.
 
     CPH has reported the case to the Hospital Authority Head Office via the Advance Incident Reporting System. The hospital appeals to the public to contact Tuen Mun Police Station at 3661 5810 if they know the whereabouts of the patient.
Issued at HKT 16:00

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