〈The Standard, Aug 9, 2025〉Hong Kong is on course to surpass its goal of attracting or expanding at least 200 family offices in the city by the end of this year, as part of broader efforts to develop a thriving ecosystem for global asset owners, said Financial services secretary Christopher Hui Ching-yu.
Speaking at a launch ceremony, Hui outlined three core pillars of the city’s strategy to develop its asset and wealth management industry, including scaling up asset management, enhancing integration with mainland China and the Greater Bay Area, and boosting competitiveness through policy and project innovation.
Hui noted that Hong Kong has already made progress in cross-border financial services, citing the development of remote account opening and the cross-boundary Wealth Management Connect scheme.
〈Hong Kong Business, Aug 8, 2025〉Tycoon Robert Ng has announced his retirement from his positions as Sino Land’s chairman and executive director, effective 31 August 2025.
His 47-year-old eldest son, Daryl, will succeed as the chairman of the group’s Sino Land, Tsim Sha Tsui Properties, and Sino Hotels on the same day, according to their bourse filings.
Daryl Ng has been an executive director of the Sino Group since April 2005 and deputy chairman of the company since November 2017. He also holds public and honorary positions, including membership in the Standing Committee of the 14th Beijing Municipal Committee of the Chinese People’s Political Consultative Conference.
〈Asian Post, Aug 7, 2025〉Japanese drugstore chain Daikoku Drug opens its first overseas store, using the city as its regional headquarters for overseas expansion, targeting Greater China and Southeast Asian markets, said Invest Hong Kong (InvestHK).
Founded in 1957 in Osaka, Daikoku Drug offers a wide range of goods at competitive prices over its 160 stores across Japan.
The company is now entering international markets starting with Hong Kong, "the Hong Kong office will serve as the regional headquarters for Daikoku Drug's expansion into Greater China and Southeast Asia,” said Shintaro Kambe, Chief Executive Officer of Daikoku (HK) Co Ltd.
〈Hong Kong Business, Aug 6, 2025〉Adidas will relocate its Greater China headquarters to Westbund Central, a mixed-use project in Shanghai invested by Hongkong Land.
The new headquarters leases an entire office block of 348,750 sq. ft. across 18 floors, expected handover will be in Q1 2026 with full occupancy by Q4 2026.
More than 1,500 employees will accommodate in the office, near Adidas’ first 24/7 public running hub in China, the Adidas RUNBASE.
〈RTHK News, Aug 5, 2025〉Official data showed that China's exports expanded 7.2 percent year-on-year in July, as the world's second-largest economy navigates a shaky trade truce with the United States.
The increase in China's overseas shipments last month outpaced a Bloomberg forecast of 5.6 percent and June's 5.8 percent growth.
Imports jumped 4.1 percent year-on-year in July, compared with a Bloomberg forecast of a one percent fall.
