Source: Hong Kong Government special administrative region
Hong Kong Customs alerts public to one model of unsafe toy truck (with photo) Customs is committed to the protection of consumer interests and regularly conducts spot checks and safety tests on toys and children’s products to ensure that they are reasonably safe for use by consumers.
Under the TCPSO, it is an offence to supply, manufacture or import unsafe toys or children’s products. The maximum penalty upon conviction is a fine of $100,000 and imprisonment for one year on first conviction, and a fine of $500,000 and imprisonment for two years on subsequent conviction.Issued at HKT 17:00
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Speech by SFST at Inaugural Family Office Forum “Stewardship in the Chinese Context: Family, Legacy, Future” (English Only)
Source: Hong Kong Government special administrative region
Speech by SFST at Inaugural Family Office Forum “Stewardship in the Chinese Context: Family, Legacy, Future” (English Only)
Zhou Li (Deputy Editor-in-Chief of China Daily), ladies and gentlemen, distinguished guests,
Good morning. It is a great privilege to address you today at this Inaugural Family Office Forum. As we work together to position Hong Kong as Asia’s premier strategic hub for family offices, we recognise the profound interplay in the Chinese context between family wealth, legacy building, and future planning. Here, wealth stewardship extends beyond financial growth to embrace social responsibility, intergenerational harmony, and lasting impact. Hong Kong is committed to fostering an ecosystem that supports sustainable, responsible, and enduring wealth preservation for families worldwide.
Hong Kong has long been a leading global wealth management centre. As of the end of 2024, total assets under management in our asset and wealth management sector surpassed HK$35 trillion, with more than 54 per cent originating from outside Hong Kong and the Mainland. The private banking and private wealth management business linked to family offices and private trusts reached HK$1,551 billion. Hong Kong ranks as Asia’s largest cross-border wealth management centre, and holds the second position in private equity capital under management in Asia after the Mainland. These strengths create a natural, robust platform for family offices to manage, protect, and grow their wealth effectively.
With a long history of expertise in private wealth management, underpinned by the rule of law, world-class professional services, and unparalleled connectivity, Hong Kong is ideally positioned as a trusted base for global high-net-worth families establishing or expanding family offices. Globally, over 2.3 million individuals have a net worth exceeding US$10 million, with more than 36 per cent in Asia. Recent data shows Hong Kong hosts the highest number of ultra-high-net-worth individuals in Asia – over 17 000 – making us a magnet for talent and capital in this space.
In March 2023, we issued the Policy Statement on Developing Family Office Businesses in Hong Kong, outlining targeted measures to build a competitive and supportive ecosystem. These include, among others, a tax concessions regime, the New Capital Investment Entrant Scheme (New CIES), and the establishment of the Hong Kong Academy for Wealth Legacy. As of end-January this year, the New CIES has received over 3 000 applications, with potential investments exceeding HK$90 billion if all approved. More than 1 600 applications have been formally approved, with investments in equities, debt securities, certificates of deposit, eligible collective investment schemes, limited partnership funds, and real estate with certain restrictions in place.
Invest Hong Kong’s dedicated FamilyOfficeHK team provides one-stop support for family offices seeking to establish or expand in our market. By the end of last year, the team had assisted more than 200 family offices to set up or grow their presence in Hong Kong.
Building on this momentum, market research just revealed yesterday that Hong Kong now hosts over 3 300 single family offices, an increase of over 25 per cent over a two-year period. We achieved our 2022-25 target of facilitating at least 200 family offices to set up or expand in Hong Kong ahead of schedule. Looking forward, as we plan to further develop the sector, we aim to attract at least 220 more family offices to establish or expand operations here from 2026 to 2028, broadening our reach to include more markets, for example Europe, the Middle East and ASEAN (Association of Southeast Asian Nations). Beyond investments, family offices contribute substantially through other economic and social channels. It is estimated that single family offices in Hong Kong collectively contribute about HK$12.6 billion annually to the local economy through operating expenditure alone, and that they directly employ over 10 000 full-time professionals within their operations.
Over the past two years, proactive promotion and supportive policies have made family offices a vital pillar of Hong Kong’s financial ecosystem. The city offers a unique blend of top-tier professional services, an exceptional quality of life, and leadership in emerging areas such as green and sustainable investments, art, culture, and philanthropy. We will continue refining our measures – including further expansion of scope for qualifying investment for the preferential tax regimes offered to funds and single-family offices, covering for example precious metals, loans and private credit investments, and digital assets – to maintain this strong growth trajectory.
Combined with Hong Kong’s absence of capital gains tax and estate duty, our tax concession enables families to enhance after-tax returns, preserve wealth across generations, and direct more resources toward philanthropy, legacy-building, and innovative investments. As Asia’s leading cross-border wealth hub, Hong Kong provides unmatched tax certainty and access to diverse opportunities.
We have intensified global outreach through roadshows in the Mainland, Europe, and ASEAN. We are also extensively featured in international media, and conduct direct engagement with ultra-high-net-worth individuals. Our flagship Wealth for Good in Hong Kong Summit has been a major success. The March edition last year, themed “Hong Kong of the World, for the World”, brought together influential family office principals to explore technology, artificial intelligence, philanthropy, succession planning, and cultural innovation. Preparations are underway for the next Summit in March this year to sustain this momentum, and reinforce Hong Kong’s status as the premier global family office hub.
In closing, we warmly invite family offices from around the world to join us in Hong Kong. By leveraging our unique advantages – connectivity to the Mainland and the world, robust infrastructure, and a commitment to stewardship – we can together honour family legacies while shaping a prosperous, sustainable future.
Thank you.
Issued at HKT 10:33
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TD to implement special arrangements for licence renewals before and after Budget Day
Source: Hong Kong Government special administrative region
TD to implement special arrangements for licence renewals before and after Budget Day “Eligible licence holders do not need to rush to the Licensing Offices to submit renewal applications for their vehicle or driving licences on speculation that their fees may increase in the Budget. The special arrangements are not related to the content of the Budget, about which the TD has no information,” a spokesman for the TD said.
Note: For electric private cars, the present rate refers to the licence fee structure and levels effective from November 1, 2025. Since the Government provides a four-month grace period fee arrangement for eligible vehicle owners, if their vehicle licences expire on or before February 28, 2026, they may be renewed on or before the licence expiry date at the old fee level in effect before November 1, 2025.
Issued at HKT 11:00
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Hong Kong Customs combats traders supplying shortweight Chinese New Year products
Source: Hong Kong Government special administrative region
Hong Kong Customs combats traders supplying shortweight Chinese New Year products
Members of the public may report any suspected violations of the WMO to the Customs 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 12:45
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Import of poultry meat and products from Guldborgsund Municipality in Denmark suspended
Source: Hong Kong Government special administrative region – 4
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (February 11) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in Guldborgsund Municipality in Denmark, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the area with immediate effect to protect public health in Hong Kong.
A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 450 tonnes of frozen poultry meat and about 210 000 poultry eggs from Denmark last year.
“The CFS has contacted the Danish authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.
Appointments to Disaster Relief Fund Advisory Committee
Source: Hong Kong Government special administrative region
Appointments to Disaster Relief Fund Advisory CommitteeChief Secretary for Administration (ex-officio)Dr Ko Wing-man
Mr Chan Hak-kan
Mr Stanley Ng Chau-pei
Revd Canon Peter Douglas Koon Ho-ming
Professor Emily Chan Ying-yang
Mr Brian David Li Man-bun
Secretary for Financial Services and the Treasury or representative (ex-officio)
Secretary for Labour and Welfare or representative (ex-officio)
Issued at HKT 16:30
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CHP reminds public to avoid consuming raw oysters and undercooked bivalve shellfish for the time being to prevent norovirus infection
Source: Hong Kong Government special administrative region – 4
In view of the recent surge in norovirus food poisoning cases linked to the consumption of raw oysters, the Centre for Health Protection (CHP) of the Department of Health today (February 11) reiterated its call for the public to stay alert and maintain good personal, food and environmental hygiene at all times. The public, especially the elderly, pregnant women, children and those with weakened immune systems, should refrain from consuming raw oysters and undercooked bivalve shellfish as they are at higher risk of developing complications (such as dehydration) if infected with norovirus.
“The number of food poisoning cases recorded over the past few weeks has continued to rise, increasing from an average of one case per week in late December to an average of four cases per week in January. From January 18 to February 10, the CHP recorded 39 food poisoning cases, affecting 44 males and 75 females aged between 15 and 75. Nearly 90 per cent (35 cases) were associated with norovirus, affecting 105 persons. Epidemiological investigations showed that all the individuals affected by the abovementioned food poisoning cases related to norovirus had consumed raw oysters during the incubation period. Six of them required hospitalisation. All are in stable condition. The CHP has notified the Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department (FEHD) of all food poisoning cases for appropriate follow-up and source tracing. Investigations are ongoing,” the Controller of the CHP, Dr Edwin Tsui, said.
“As oysters feed by filtering a large volume of seawater, pathogens can accumulate in them if they are grown in or harvested from contaminated water. Raw or undercooked oysters are considered a high-risk food. Persons who consume contaminated or undercooked oysters may contract food-borne diseases, such as norovirus, hepatitis A virus or other bacteria. During the Lunar New Year, people usually gather for meals with relatives and friends. I particularly remind the public that only thoroughly cooked food, especially shellfish, should be consumed, whether dining at home or in restaurants, to avoid contracting enteric diseases. Norovirus cannot be killed by alcoholic beverages, lemon juice or wasabi. When cooking oysters in a hot pot or on the grill, ensure that they are thoroughly cooked to effectively minimise the risk of norovirus infection. Given the recent increase in norovirus activity and epidemiological data indicating that most food poisoning cases are related to raw oyster consumption, the CFS of the FEHD is investigating the source of raw oysters. Hence, members of the public should not take the risk of consuming undercooked oysters,” Dr Tsui explained.
“It is worth noting that norovirus is highly contagious. Individuals infected with norovirus through contaminated food can spread the virus to others through person-to-person contact or environment contaminated by vomitus. In addition to causing food poisoning, norovirus is also one of the primary causes of acute gastroenteritis (AGE). According to our surveillance data, the AGE activity level in Hong Kong has been rising since early January. The latest data showed that, as of February 10, a total of 38 AGE outbreaks in institutions and schools were recorded so far this year, involving 294 persons. Laboratory testing indicated that over 75 per cent of the outbreaks were caused by norovirus. Additionally, norovirus activity has increased in other popular travel destinations for Hong Kong citizens, including Japan and Korea. Surveillance data from Korea showed that the norovirus activity has reached its highest level in nearly five years for this time of year. Members of the public should remain vigilant and maintain good personal, environmental and food hygiene when travelling abroad and pay attention to minimise the risk of infection,” Dr Tsui added.
To prevent AGE and norovirus infection, members of the public should perform hand hygiene frequently. Since alcohol is not effective in killing norovirus, alcohol-based handrubs are not a substitute for handwashing with soap and water, especially before handling food or eating, and after using the toilet. Wash hands with liquid soap and water, and rub for at least 20 seconds. Then rinse with water and dry with a disposable paper towel or hand dryer.
Members of the public may visit the CHP’s dedicated webpages for the prevention of Norovirus Infection and Viral Gastroenteritis.
FEHD releases second batch of gravidtrap indexes for Aedes albopictus in February
Source: Hong Kong Government special administrative region
FEHD releases second batch of gravidtrap indexes for Aedes albopictus in February
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