Hong Kong’s finance chief introduced Hong Kong's unique advantages as a global leading hub for asset and wealth management on Thursday when he met representatives from several family offices in the US city of New York.

Meeting them at a breakfast meeting on the last day of his New York visit, Paul Chan Mo-po also briefed them about the latest developments in this field.

He welcomed family offices to leverage the Hong Kong Special Administrative Region's robust family office service network and ecosystem, efficient and diverse capital markets, and global business connections for wealth succession and developing family philanthropies.

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The family offices, at the same time, can explore more investment opportunities in the Chinese mainland and elsewhere in Asia, he added.

Chan also visited technology accelerator and venture capital platform Newlab. Apart from touring the startups they nurture and support, he met the staff in charge.

Noting that the platform is considering expanding its business overseas and establishing more locations, the financial secretary pointed out that the “Innovation and Technology Accelerator Pilot Scheme” announced by Chief Executive John Lee Ka-chiu in his third Policy Address aims to attract experienced professional startup service organizations, both local and overseas, to establish accelerator bases in Hong Kong to support the growth of startups.

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Home to over 4,200 startups, the SAR has a vibrant and active startup ecosystem, a full-chain fundraising market, and a listing system tailored for specialized tech companies.

Furthermore, with ongoing deepening cooperation with the Guangdong-Hong Kong-Macao Greater Bay Area cities in innovation and technology, he welcomed the platform to set up a base in Hong Kong and explore collaboration opportunities.