For Hong Kong, family offices and IPOs are the main growth engines: Deloitte

According to the person in charge of Deloitte, wealth management and family offices will become the main growth engine of Hong Kong, because many famous clan in Asia is interested in establishing entities to establish the fate of management.

Dennis Chow Chi-in, Chairman of the Asia-Pacific region of the accounting and consulting company, believes that this will mainly depend on the attractiveness of the city's capital market, because more and more companies come from mainland China and regional lists, and hope Raise capital channels through other companies.

Zhou Zai said in an exclusive interview with the Post: “We will definitely encounter the inquiries of a wealthy family. These inquiries show that they are interested in setting up a family offices in Hong Kong.” “Hong Kong particularly attracted the wealth from mainland China and Southeast Asia. family.”

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Since May 2023, the Hong Kong government has proposed a series of measures, including tax discounts on a single household office to establish business in the city. After consulting with the industry, these tax preferential measures can be expanded to cover more investment products.

Hong Kong has proposed many measures to attract family offices to carry out business in cities. Photo: Elson Li Alt = Hong Kong has proposed many measures to attract family offices to carry out business in cities. Photo: Elson Li>

In March last year, the government introduced the capital investment project (CIES), which is usually known as the investment migration plan, for the rich and their families to obtain fast residents, bonds, bonds, bonds, bonds, bonds, bonds, bonds, bonds, bonds. City insurance and property.

Zhou said: “Tax discounts and immigration policies are like a boxing combination to attract investment and (family offices) to Hong Kong.” “These are the most attractiveness to enhance Hong Kong as the hub of capital management and capital in the capital field. Important role. “

He said that it is related to the tax discount of family offices. Many of him talked with him think that the Hong Kong regime is more flexible than Singapore, and the threshold for investment migration plans is lower than Singapore.

Singapore's global investor plans require applicants to invest at least HK $ 58 million, and Hong Kong's CIES needs 30 million Hong Kong dollars.

In addition to the family office, the first public offering (IPO) market in Hong Kong showed signs of recovery after economic downturn in the past few years.

Looking forward to the future, he said that Hong Kong's capital market will benefit from the list of participants in mainland China.

Zhou said: “Some leading A -share companies are considering the issuance of H shares in Hong Kong to raise funds to expand their funds and increase their international investor foundation.” “Among the 500 largest A sharing companies listed in Shanghai or Shenzhen, only three are One of them listed in Hong Kong, which means that there is a lot of potential to list candidates from the mainland. “

Foshan Haitian's seasoning and food in China submitted an application listed in Hong Kong on January 13. Brokers estimate that it may raise $ 1.5 billion.

According to media reports, in recent years, contemporary Ampere technology or CATL is the world's largest electric vehicle battery producer, and may raise $ 5 billion in Hong Kong's largest list of the largest list.

Last year, the income of Hong Kong IPOs soared 87 % since last year, which was increased by Midea Group at 35.6 billion Hong Kong dollars in September (the second largest IPO in the world in 2024). Eighth in 2023.

According to data from the London Stock Exchange, Hong Kong's two major exchanges in India and the two major exchanges of Nasdaq and the New York Stock Exchange lost to the rankings.

Chow said that India's economic development is rapid, including many areas, including technology, which explains why it is at the first public stock fundraising table and added that the Hong Kong's IPO market is affected by underestimation.

The transaction rate of the Hong Kong stock market was 12 times that of the price earnings last year, and the price in 2021 was 18 times, which was lower than many overseas markets. The valuation of the US stock market is currently 27.61 times, India is 24, and Australia is 20 times.

Zhou said: “Underestimation makes it difficult to attract overseas companies to go public here.”

However, with the beginning of the lower interest rate cycle, it is expected that market sentiment will improve, and China may take more stimulus measures, which may attract some companies from Southeast Asia or India to consider listing here to use international investors to use international investors Fund.

China's financial regulatory agencies said on Thursday that 30 % of the annual insurance premiums of new insurance policies will be invested in RMB -dominated stocks. As part of this move, within six months of the first six months, at least 100 billion yuan ($ 13.8 billion) insurance funds will be reserved in the pilot plan.

Qiao said that Hong Kong may see about 80 IPOs, and it may be raised in about HK $ 150 million in 2025. Technology, life sciences, medical care and consumer companies have become the main driving factor.

“Hong Kong should be likely to return to this year's IPO market.”

Regarding Deloitte's performance, Qiao said that in the context of strong economic growth in the Asia -Pacific region, the income of consulting companies grew strong growth.

He said that due to the economy, digital transformation and flourishing commercial ecosystems, India is one of the fastest growing markets in the company.

“We also see that the strong growth of mature markets such as Japan, and the demand for professional services in key business agenda has continued to grow, such as digital transformation, artificial intelligence, network security and sustainability.”

This article was originally published in the South China Morning News (SCMP), which is the most authoritative voice about China and Asia for more than a century. For more SCMP stories, please access the SCMP application or access SCMP Facebook and twitter page. Copyright 2 2025 South Chine Morning Posterment LTD. Reserved ownership.