Hong Kong Opens Doors to Billionaires in Family Office Push

Gates Foundation, Sequoia China Neil Shen attending summit
Local tycoons Richard Li, Adam Kwok, Ronnie Chan taking part

Hong Kong has made attracting family offices — set up by the super rich to manage their lives and finances — a key mission under Chief Executive John Lee. — Hong Kong has made attracting family offices — set up by the super rich to manage their lives and finances — a key mission under Chief Executive John Lee.
Photographer: Li Gang/Xinhua/etty Images

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By David Ramli and Denise Wee

March 21, 2023 at 4:24 AM UTC

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Just as the Art Basel fair in Hong Kong hits its stride this week, one of the city’s top museums will shut its doors to the public and welcome billionaires for an event aimed at sending the world’s super rich a message: the city is back in business.

Canadian business mogul Paul Desmarais III, Yahoo co-founder Jerry Yang, Sequoia Capital China’s Neil Shen, and local tycoons Richard Li, Adam Kwok and Ronnie Chan are among those set to attend the Wealth for Good summit in Hong Kong on March 24, according to a statement.