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Tax
EY supports InvestHK in issuing the “Setting up a family office in Hong Kong” guidebook — Empowering global family offices to thrive in Hong Kong
HONG KONG, 23 APRIL 2024 — EY supports Invest Hong Kong (InvestHK), a department of the Government of the Hong Kong Special Administrative Region (“HKSAR government”) to prepare the Setting up a family office in Hong Kong guidebook (the “Guidebook”) and offers professional consulting services. This Guidebook has been curated to provide insight into the opportunities available for family offices in Hong Kong and its supportive ecosystem.
23 Apr 2024 Hong Kong SAR
Greater Bay Area
EY renews MoU with PolyU, forging ahead in the endeavor of ESG development in Hong Kong
HONG KONG, 27 MARCH 2024 — Ernst & Young Advisory Services Limited (EY) signed a Memorandum of Understanding (MoU) with the Hong Kong Polytechnic University (PolyU), represented by the Center for Economic Sustainability and Entrepreneurial Finance (CESEF) of the School of Accounting and Finance (AF) on 25 March to strengthen the existing collaboration toward the shared goal of making headway for developments in environmental, social and governance (ESG) and beyond.
27 Mar 2024 Hong Kong SAR
More press releases
From family to society — HKUST and EY jointly publish the Landscape of Family Offices in Greater China Report 2024
HONG KONG, 12 MARCH 2024 — Hong Kong University of Science and Technology (HKUST) Roger King Center for Asian Family Business and Family Office ("the Center") and EY Family Enterprise team (“EY”) today announced the publication of the Landscape of Family Offices in Greater China Report 2024 (the "Report"). Combining academic research and industry expertise, the report provides a comprehensive and insightful analysis of the family office landscape in Greater China. Findings in the report suggest that Chinese mainland families are the primary driving force behind the development of family offices in Hong Kong and that attracting Chinese mainland families is to be focalized.
12 Mar 2024
EY comments on Hong Kong Budget 2024-25 — Building confidence and vitalizing the economy with a balanced approach
HONG KONG, 28 FEBRUARY 2024 — The Hong Kong SAR Government (the Government) announced the Hong Kong Budget 2024-25 (the budget) today, in which a revised deficit of HK$101.6 billion will be recorded for the financial year 2023-24, which is almost double of their original forecast of HK$54.4 billion. Amid uncertainties in the global economic outlook, the Financial Secretary (FS) adopted a balanced approach in the budget to relieve people's hardship while simultaneously revitalizing the economy.
28 Feb 2024
EY releases the Overview of China outbound investment of 2023
BEIJING, 5 FEBRUARY 2024 — Today, EY Greater China region (hereafter EY) released the Overview of China outbound investment of 2023. The report highlights a 0.9% YOY growth in China’s overall ODI, reaching US$147.9 billion; non-financial ODI increased by 11.4%, showing rapid growth, with B&R partner countries outpacing the overall increase[1]. Additionally, Chinese enterprises announced a total overseas M&A value of US$39.8 billion, growing by 20.3% YOY. Notably, this marks three consecutive quarters of QOQ growth and accompanied by a significant increase in number of large transactions compared to the preceding year[2].
5 Feb 2024
