Kho Family Launches Family Office in Hong Kong, Elevating City’s Financial Prestige

In a significant development for Hong Kong's financial landscape, the Kho family from the Philippines has launched a family office in the city, as announced by Invest Hong Kong (InvestHK) on December 10. This strategic move reinforces Hong Kong's prominent status as a global hub for family offices and wealth management.

Jason Fong, Global Head of Family Office at InvestHK, expressed enthusiasm about the Kho family's decision, stating, “The establishment of the Kho family office reaffirms Hong Kong’s pivotal role within the global financial ecosystem. We are optimistic that this initiative will attract heightened international capital inflows, further solidifying Hong Kong’s standing as a premier destination for asset management. Our doors will remain open to families worldwide looking to establish their family offices here.”

James Fok, Executive Vice President of The Kho Group (TKG), emphasized the family’s commitment to Hong Kong’s financial sector following supportive government measures aimed at family office development. He remarked, “We are thrilled to announce the establishment of our family office, reflecting our strong belief in Hong Kong’s identity as a leading international financial center. This new platform will enable us to integrate resources effectively, enhance collaboration with other family offices, and foster innovation and growth in business.”

The Kho family has a rich history in investment, having founded TKG in 1983, which boasts over 40 years of diversified investment experience in Mainland China and Southeast Asia. TKG has emerged as one of the pioneering overseas Chinese companies in global investments, thriving in sectors such as natural resources, shipping, property development, high-end retail, and investment management.

This announcement not only signifies the Kho family's confidence in Hong Kong's economic future but also serves as a call to action for other affluent families around the world to consider Hong Kong as a strategic base for their family offices. With its robust legal framework, transparent taxation system, and a rich pool of financial expertise, Hong Kong continues to be a magnet for wealth and investment amidst a dynamic global landscape.

As the city grapples with both challenges and opportunities in the financial sector, the Kho family's venture is poised to contribute to the vibrant ecosystem of family offices, poised to make a lasting impact on Hong Kong's economy.

Stay tuned for more updates on developments that are shaping the future of global finance!