HK a premier family office hub: Study

Source: Hong Kong Information Services

A Deloitte market study commissioned by Invest Hong Kong estimates that the city has more than 3,380 single-family offices.

The end-2025 figure represents an increase of about 680 offices over the past two years, or a growth of more than 25%, the study noted.

Secretary for Financial Services & the Treasury Christopher Hui said: “The continued growth in the number of family offices in Hong Kong reflects the tangible outcomes of the Government’s efforts in policy formulation and institutional development.”

“We plan to introduce legislative proposals in the first half of this year to expand the scope of 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,” he added.

The study estimates that single-family offices operating in Hong Kong contribute approximately $12.6 billion annually to the local economy through operating expenditures alone. Over 10,000 full-time professionals are directly employed within their operations.

Taking account of multifamily offices and other service providers supporting family offices, the actual economic benefits are expected to be even more substantial, the study said.

It also highlighted Hong Kong’s pivotal role in asset and wealth management in Asia, with assets under management of approximately HK$35 trillion, or about US$4.5 trillion, as of end-2024.

In addition, Hong Kong ranked second in the number of ultra-high-net-worth individuals as of June 2025, being one of the top destinations for setting up family offices.

Slander of court decision condemned

Source: Hong Kong Information Services

The Hong Kong Special Administrative Region Government today firmly opposed and strongly condemned external forces for slandering and smearing the court’s sentencing in the Lai Chee-ying case.

The Government noted that western countries, anti-China media, organisations and politicians have used the sentence of the Lai Chee-ying case as a pretext to slander, smear and attack the Hong Kong SAR, adding that external forces have even maliciously disparaged the court’s independent judgment and sentence handed down in accordance with the law.

In a statement, the Hong Kong SAR Government said the Lai Chee-ying case was the first convicted case of the offence of ‘collusion with a foreign country or with external elements to endanger national security’ since the promulgation and implementation of the Hong Kong National Security Law (HKNSL). This marks an important milestone in the Hong Kong SAR’s efforts to safeguard national security, manifesting the role of the HKNSL as a key stabilising force.

It added that this case also admonishes that villains who endanger national security could never escape the sanctions of the law and would surely be severely punished in accordance with the law.

“Under the robust protection of the HKNSL, the attempts by external forces to ‘use Hong Kong to contain China’ are doomed to fail, leaving them with no option but only to smear and vilify the Hong Kong SAR’s efforts to safeguard national security with futile and despicable political manoeuvres which would be in vain.

By distorting facts and reversing right and wrong, their malicious intent has been seen through by all and must be resolutely refuted to set the record straight.”

The Hong Kong SAR Government emphasised that in Lai Chee-ying’s case, after 156 days of fair and impartial public hearings, the court has considered the irrefutable evidence of up to 2,220 exhibits, over 80,000 pages of documents and statements of evidence from 14 prosecution witnesses.

The court pointed out clearly that Lai Chee-ying was the mastermind of the case. He had manipulated and exploited Apple Daily to poison the society, and repeatedly colluded with external forces to beg for sanctions and hostile activities against the central authorities and the Hong Kong SAR Government.

Even after the enactment of the HKNSL, all the defendants continued with their agreement for some time until after they were arrested by Police.

The court also clearly stated that Lai Chee-ying’s only intent was to seek the downfall of the Communist Party of China even though the ultimate cost was the sacrifice of the interests of the people of China and the Hong Kong SAR.

The Government made it clear that Lai Chee-ying has brought harm to the country and Hong Kong; his evil deeds were beyond measure, and he for sure deserves his punishment after all the harm he has done.

It reiterated the court clearly pointed out in the reasons for verdict that Lai Chee-ying was not on trial for his political views or beliefs. The court’s publicly released reasons for verdict and sentence have meticulously explain the court’s analysis of the relevant legal principles and evidence, as well as the reasons of the conviction and sentencing of Lai Chee-ying and the three defendant companies, which are well-founded and reasoned, with absolutely no basis for claims of so-called political prosecution.

In response to views suggesting that the severe sentencing of the defendants in the Lai Chee-ying case would affect the Hong Kong SAR’s freedom of the press, the Hong Kong SAR Government emphasised the case has nothing to do with freedom of the press at all. Over the years, the defendants were using journalism as a guise to commit acts that brought harm to the country and Hong Kong.

It also pointed out that Hong Kong is a society underpinned by the rule of law, while the HKNSL and the Safeguarding National Security Ordinance clearly stipulate that the principle of the rule of law shall be adhered to in preventing, suppressing and imposing punishment for offences endangering national security. Any suggestion that certain individuals or organisations should be immune from legal consequences for their illegal acts is no different from advocating a special privilege to break the law, and this totally runs contrary to the spirit of the rule of law.

In response to views that the prosecution and trial of the Lai Chee-ying case took too long, causing unfairness to the defendants, the Hong Kong Government pointed out that all cases concerning offence endangering national security are handled by the the Hong Kong SAR’s prosecution and judicial authorities in a fair and timely manner in strict compliance with the HKNSL, with the procedural rights of defendants exercised in accordance with the law fully respected throughout the process.

Regarding Lai Chee-ying’s case, the three counts of conspiracy were meticulously planned, the case was complex and involved a huge volume of evidence. Prosecution witnesses gave an elaborated account of the three counts of conspiracy in court. Lai Chee-ying himself even testified in court for 52 days. The time taken from investigation to trial was entirely reasonable and there was absolutely no question of any so-called unfairness.

Moreover, the Hong Kong SAR Government noticed that certain individuals with ulterior motives have been fabricating lies about Lai Chee-ying’s health condition and his custodial arrangements.

It stated that the Correctional Services Department (CSD) has been ensuring the custodial environment for persons-in-custody (PICs) is safe, humane, appropriate and healthy in accordance with the law. Lai Chee-ying’s entitlements in prison have not been deprived of on account of his personal status or his removal from association with other PICs.

During the plea in mitigation in court on January 12 and 13, the senior counsel representing Lai Chee-ying confirmed repeatedly that Lai Chee-ying had made no complaints about the treatment he received while in custody. The court also confirmed in its reasons for sentence that the CSD has been providing adequate medical attention for him.

The Hong Kong SAR Government reiterated it will continue to uphold its constitutional duty and steadfastly safeguard national sovereignty, security and development interests.

In addition, it will, as always, resolutely and strictly adhere to the principle of the rule of law to ensure that ‘laws are observed and strictly enforced to bring offenders to account’, so as to prevent, suppress and impose punishment for acts and activities endangering national security while protecting the lawful rights and interests of Hong Kong residents and other people in Hong Kong.

The Hong Kong SAR Government urges all sides to recognise the objective facts and stop any baseless malicious attacks.

Security white paper issued

Source: Hong Kong Information Services

(To watch the full media session with sign language interpretation, click here.)

Chief Executive John Lee has welcomed the publication by central authorities of a white paper on Hong Kong’s efforts to safeguard national security, and pledged the Hong Kong Special Administrative Region Government’s full support in implementing the document.

The State Council Information Office today released a white paper titled “Hong Kong: Safeguarding China’s National Security Under the Framework of One Country, Two Systems”. 

Mr Lee said in a statement that he will lead and co-ordinate Hong Kong’s executive authorities, legislature and judiciary in implementing the content and requirements of the white paper, fully safeguarding national sovereignty, security and development interests.

The white paper covers five areas: the unrelenting fight to safeguard national security in Hong Kong; the central government’s fundamental responsibility for national security matters concerning Hong Kong; the Hong Kong SAR’s achievements in fulfilling its constitutional responsibility to safeguard national security; Hong Kong’s transformation from disorder to stability and prosperity; and establishing high-standard security to support high-quality development of the “one country, two systems” policy.

Mr Lee said the Hong Kong SAR Government will roll out publicity and public education on the matter through various channels, and that it will lead and encourage all sectors of society to thoroughly study and better comprehend the white paper’s substance and requirements, thereby enhancing citizens’ awareness of national security.

The Government will hold a seminar on the white paper and will upload its full text to various government websites. Mr Lee encouraged all sectors of the community to hold study and exchange activities related to the white paper.

Separately, the Chief Executive commented on the Lai Chee-ying case ahead of today’s Executive Council meeting.

He iterated that Mr Lai betrayed the country and Hong Kong, and has been sentenced to 20 years’ imprisonment.

The Chief Executive said the punishment “sends a solemn warning against malicious plots of collusion with external elements and endangering national security.”

He added: “Poisoned by Lai and Apple Daily, under his control, some of our citizens, especially young people, have been misled to break the law and become radical and violent.

“As of the end of last year, more than 2,400 individuals have to face legal consequences for unlawful acts during the period of ‘black-clad violence’. It is plain to see that the evil deeds committed by Lai Chee-ying and his syndicate were beyond measure.”

The Chief Executive said the Hong Kong SAR Government will do its best to prevent, suppress and punish acts and activities that endanger national security.

“We will resolutely fulfil our duty to safeguard national security despite all the political attempts that try to smear our righteous actions of safeguarding national security,” he remarked.

Govt to finalise accommodation plan

Source: Hong Kong Information Services

(To watch the full media session with sign language interpretation, click here.)

Chief Executive John Lee said the Government has collected preliminary preferences for long-term accommodation from residents of Wang Fuk Court in Tai Po, and will finalise a plan as soon as possible.

Ahead of today’s Executive Council meeting, Mr Lee said he attaches great interest and importance to the long-term accommodation arrangements for the residents, and the Government has been continuing to provide suitable assistance to the affected families.

He added that the issues that the Government has to resolve are really complicated as each household has its own circumstances and needs, and there are also very diverse opinions in society.

“The Government must carefully consider and deal with the various views and take into account some very practical issues such as the appropriate use of public resources, the allocation of public funds, the distribution of housing resources, and the relevant legal ownership-related responsibilities and challenges,” Mr Lee said.

The Chief Executive also mentioned that the Government needs to properly manage the transitional arrangements for accommodation, and timely action is crucial.

“The sooner we can make available the options for residents to choose, the better,” he added.

He outlined that the Task Force on Emergency Accommodation Arrangements led by the Deputy Financial Secretary has been working incessantly to develop a concrete plan in various directions.

“First, to consider the wishes of the affected families while ensuring the efficient use of resources and balancing empathy, reason and law. Second, to provide multiple options to affected families, including Home Ownership Scheme and Green Form Subsidised Home Ownership Scheme flats, as well as Hong Kong Housing Society units. And also, third, to offer accommodation arrangements, either within Tai Po or across different districts,” Mr Lee said.

The task force previously gathered initial preferences from affected flat owners through the “one social worker per household” service. Mr Lee confirmed that most responses have now been received.

“The task force is working intensively to compile and analyse flat owners’ preferences regarding different options. Initial observations indicate that the vast majority of owners hope the Government will expedite the handling of long-term rehousing work. A significant proportion of flat owners have expressed willingness to consider the Government’s acquisition of their ownership rights. Some flat owners have indicated that they need to look at the actual acquisition price,” he added.

The Chief Executive said the task force is currently working hard to overcome difficulties and challenges posed by the following issues:

“First, how to handle the differing needs of various families in a consistent manner. Second, issues regarding liability, compensation uncertainty, and relevant legal matters concerning the public insurance of Wang Fuk Court. Third, whether ownership-related responsibility and legal disputes will pose risks of prolonged delays in resolution,” he said.

Mr Lee made it clear that he has instructed the task force to promptly study the feasibility of various options and the legal issues, seek advice from the Department of Justice and propose arrangements as soon as possible.

“I understand this is no easy time for families of Wang Fuk Court. The Government will work tirelessly to finalise the plan as soon as possible, enable affected families to make the most suitable choices, and assist them in rebuilding their homes and resuming their normal lives as quickly as possible,” he added.

BSMI Reminds the Public to Use Gas Stoves and Gas-Fired Water Heaters Properly for a Safe and Happy Lunar New Year

Source: Republic of China Taiwan

With the Lunar New Year approaching and families gathering for reunion dinners, the Bureau of Standards, Metrology and Inspection (BSMI) reminds the public to pay close attention to the safe use of gas stoves and gas-fired water heaters (hereinafter referred to as “gas appliances” ). When using gas appliances, consumers should always ensure good ventilation and take proper precautions in product selection, installation, and regular maintenance.

To safeguard public safety in the use of gas appliances, BSMI urges consumers to follow the user manuals and safety instructions, and to pay special attention to the following five key points:
1. Look for a qualified inspection mark
The body of the gas appliance should bear the Commodity Inspection Mark( (Picture as attachment file) or (Picture as attachment file) ). Consumers are advised not to purchase products of unknown origin to ensure safe use.
2. Choose the correct type
Select an appropriate appliance based on the ventilation conditions of the installation site and the type of gas used, such as liquefied petroleum gas (LPG), natural gas, or liquefied natural gas. If choosing an outdoor-type (RF) water heater, it should be installed outdoors in a well-ventilated area. If choosing an indoor gas water heater, such as a semi-enclosed forced-exhaust type (FE) or a sealed forced-exhaust type (FF), an appropriate exhaust duct must be properly installed.
3. Ensure correct installation
Gas appliances should be installed by a licensed technician (Specific Gas Appliance Installation Technician). In addition, the gas regulator and gas hose used must also bear the Commodity Inspection Mark.
4. Maintain proper ventilation
Always maintain good ventilation when using gas appliances. In particular, if a water heater is installed on a balcony, avoid hanging large amounts of laundry that may obstruct airflow. If a gas appliance is used indoors or on an enclosed balcony (e.g., with added windows), it should be replaced with a forced-exhaust water heater. If a gas leak occurs, do not operate any electrical switches. Turn off the gas supply, gently open doors and windows to ventilate, and leave the area immediately for an outdoor location.
5. Conduct regular maintenance
Arrange periodic safety checks and maintenance by a licensed technician or the manufacturer’s service personnel to prevent accidents caused by aging or worn components.

BSMI further reminds the public to exercise extra caution when using gas appliances, especially during cold season. Do not keep doors and windows tightly closed due to the cold, as poor ventilation may increase the risk of carbon monoxide poisoning. Maintaining good indoor ventilation is essential to effectively prevent carbon monoxide incidents.

Responsible Division: Inspection Administration Division
Contact Person: Cheng, Ching-Hong, Deputy Director
Tel (O) +886-2343-1700#1211
Email: ch.cheng@bsmi.gov.tw

Opening remarks by S for S at media session on sentencing of Lai Chee-ying’s case

Source: Hong Kong Government special administrative region

     Following are the remarks by the Secretary for Security, Mr Tang Ping-keung, at a media session on the sentencing of Lai Chee-ying’s case this afternoon (February 9):
      
     Today (February 9), the court handed down the sentence of the Lai Chee-ying case.
 
Key points of sentencing

     Given the grave nature of the case, his total sentence is 20 years’ imprisonment. As for the eight other defendants, their imprisonment sentences range from six years three months to 10 years.      The heavy sentence clearly reflects the very serious nature of the offences committed by Lai Chee-ying. 

     The court’s judgment illustrates that the rule of law in Hong Kong is robust. Criminal acts will never be tolerated. No one is above the law.  
Rebuttal of smearing comments      
     Even Lai Chee-ying’s own legal representative has clarified time and again that Lai Chee-ying has been receiving suitable treatment and care in prison with no complaints.       
Staying on guard against national security risks 
Closing remarks     ???
     Thank you.

Remarks by S for S at media session on sentencing of Lai Chee-ying’s case

Source: Hong Kong Government special administrative region

Remarks by S for S at media session on sentencing of Lai Chee-ying’s case (with video) 
Secretary for Security: I think the sentence of a total of 20 years’ imprisonment has reflected the grave nature of the case. If you look at the judgment, in fact, for each of the conspiracy to commit collusion offences, the sentence has been increased from 15 years to 18 years with an additional sentence of three years. It is because the court has considered the grave nature of the case. I think the sentence in this case illustrates very clearly that any offence against national security, in particular colluding with foreign forces or external elements, is a very serious offence.Issued at HKT 19:46

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Mainland delegation visits Hong Kong to ensure sufficient supply of variety of food during Chinese New Year

Source: Hong Kong Government special administrative region

Mainland delegation visits Hong Kong to ensure sufficient supply of variety of food during Chinese New Year  
     The Secretary for Environment and Ecology, Mr Tse Chin-wan, met with the delegation at noon and expressed gratitude for their annual visit to Hong Kong ahead of the Chinese New Year to observe the situation of the food supply from the Mainland. He said that the relevant Mainland authorities have strengthened the sources of supply and enhanced contingency plans to ensure the stability and safety of the food supply, fully demonstrating the Central Authorities’ care and support for Hong Kong. Mr Tse also shared with the delegation on how the Hong Kong Special Administrative Region (HKSAR) Government rolls out various new food-related initiatives to align proactively with the National 15th Five-Year Plan.
 
     The delegation visited the Sheung Shui Slaughterhouse in the morning to observe the transportation, auction and slaughtering of live pigs supplied to Hong Kong. Accompanied by representatives of the Environment and Ecology Bureau, the Food and Environmental Hygiene Department and the Agriculture, Fisheries and Conservation Department, the delegation visited the Wan Chai Market and the Western Wholesale Food Market in the afternoon to observe the distribution and sale of fresh food.
 
     The Mainland is the primary source of agricultural products, especially live and fresh food, for Hong Kong. Relevant agencies on the Mainland have long attached great importance to the quality, safety and stability of food supplied to Hong Kong and have established a close liaison mechanism with Hong Kong. As the supply businesses of fresh food to Hong Kong have continued to grow on the Mainland, the quality and variety of food products supplied to Hong Kong have continued to improve, demonstrating the Central Government’s care for the HKSAR and playing a crucial role in stabilising the supply and prices of fresh food to Hong Kong.
Issued at HKT 19:46

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LegCo Panel on Health Services visits The Chinese Medicine Hospital of Hong Kong and Government Chinese Medicines Testing Institute

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Legislative Council Secretariat:

The Legislative Council (LegCo) Panel on Health Services visited the Chinese Medicine Hospital of Hong Kong (CMHHK) and the Government Chinese Medicines Testing Institute (GCMTI) today (February 9) to gain insight into the operations of the facilities following their opening.

Members first received a briefing by representatives from the CMHHK on the hospital’s positioning, design concept and service highlights. Members noted that the CMHHK commenced services in phases from December 11 last year. In the first year, the hospital will provide outpatient and day-patient services, launch six specialised Chinese medicine (CM) services as well as 12 CM special disease programmes, with other services expanding year by year.

Members then visited the facilities of the CMHHK, including the day wards and private clinic, to learn about patient care and the appointment procedures. They also observed a demonstration of the moxibustion treatment to gain a deeper understanding on CM culture and application. Members also inquired with the hospital representatives about the fees and charges of the hospital private clinic as well as healthcare manpower arrangement.

Afterwards, Members went to the permanent premises of the GCMTI, where they received a briefing by representatives from the Department of Health on the institute’s positioning and its work priorities. They also watched a video highlighting CM cultural heritage. Members noted that one of the missions of the GCMTI is to develop a series of internationally recognised reference standards for CM by employing advanced and innovative technology.

Members also toured the Chinese Medicines Herbarium at the GCMTI and viewed featured exhibits, including precious specimens such as cordyceps and Radix Astragali. They learnt that the collection comprises over 10 000 items, which serves as an indispensable reference for research, testing and comparative identification of CM.

A total of 12 members and non-members of the Panel on Health Services participated in the visit.

           

CHP reminds public not to consume raw oysters and observe food safety as two more food poisoning clusters reported

Source: Hong Kong Government special administrative region

CHP reminds public not to consume raw oysters and observe food safety as two more food poisoning clusters reported 
New food poisoning clusters
————————————
 
     The clusters involve five males and three females aged between 28 and 29. They developed diarrhoea, abdominal pain, vomiting and fever about 25 to 75 hours after having dinner at Clipper Lounge, Mandarin Oriental Hotel, 5 Connaught Road Central, Central, on January 31 and February 2 respectively.
      
     Four of the affected persons sought medical advice but did not require hospitalisation. All of the affected individuals are currently in stable condition.
      
     A preliminary investigation revealed that the food items that the affected individuals had in common include raw oyster, salmon sashimi, crab leg and brown crab at the aforementioned restaurant. Officers of the Food and Environmental Hygiene Department (including personnel of the Centre for Food Safety (CFS) and the Environmental Hygiene Branch) conducted an investigation and examined the handling processes and food hygiene at the restaurant on February 6 and collected food and environmental samples for testing. The CFS’s field investigation revealed that the affected persons may have contracted food poisoning from consuming raw food. The CFS immediately instructed the premises concerned to suspend serving the incriminated food items and to carry out cleaning and disinfection of the premises. The officers have also provided health education related to food safety and environmental hygiene to the staff of the premises. All of the newly reported cases consumed raw food concerned before preventive and control measures instituted by the CFS.
      
     The investigation of the CHP and the CFS is ongoing.

Recent surge in norovirus-related food poisoning cases
——————————————————————
 
     “Food poisoning cases have continuously increased over the past few weeks, rising from one case a week on average in late December last year to four cases a week on average in January. A total of 30 cases have been recorded since February. Between January 18 and February 9, the CHP has recorded 37 food poisoning cases, affecting 115 persons. Among which, 33 cases (89 per cent) were related to norovirus, affecting 101 persons. Epidemiological investigation showed that all the affected persons of the food poisoning cases related to norovirus had consumed raw oysters during the incubation period. Among the affected persons, five persons were hospitalised for treatment. All are in stable condition. The CHP has notified the CFS on all the food poisoning cases for follow up,” 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 and partially cooked oysters are considered a high-risk food. Persons who consume undercooked or contaminated oysters may contract food-borne diseases such as norovirus, hepatitis A virus or other bacteria. In view of the drastic increase in food poisoning cases related to consumption of raw oysters recently, members of the public, especially pregnant women, young children, the elderly and people with weakened immune systems or liver diseases, shall stay vigilant and avoid consumption of raw oysters or partially cooked bivalve shellfish to prevent infection,” Dr Tsui explained.
      
     “In addition to food poisoning, norovirus can also cause acute gastroenteritis (AGE). According to the CHP’s surveillance data, the AGE activity level has continued to increase since early January, including AGE outbreaks in institutions and schools. Laboratory testing indicated that over 60 per cent of the outbreaks were caused by norovirus. In addition, there have been increases in the norovirus activity in other popular travel destinations for Hong Kong citizens, including Japan and Korea. Members of the public should remain vigilant and maintain personal, environmental and food hygiene at all times to minimise the risk of being infected while travelling,” Dr Tsui added.
 
Preventive measures to be taken by the public
———————————————————-Issued at HKT 22:05

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