Weekly Digest: HK eyes Mid-East family offices; KIC opens India office
Hong Kong officials plan Middle East visit to attract family offices; Korean SWF opens Mumbai office; GPIF makes first direct infra fund investment; Maharlika fund seeks to avoid 1MDB fate; and more.
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Hong Kong officials are planning another visit to the Middle East in a bid to attract family offices to the city, the government has said, stressing that such wealth management firms do not require approval locally amid controversy over a Dubai prince’s commitment to investing in the city.
The Financial Services and the Treasury Bureau also said in a social media post on April 6 that recent “talk of the town” showed a general lack of understanding about fami…
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