ZhiAn Investment: The budget proposal boosts cross-border wealth management, expected to make Hong Kong a global wealth center within two years

Independent wealth advisory and investment platform Endowus welcomes multiple policies in the latest Hong Kong Budget that facilitate the wealth management market.

Endowus is highly confident that Hong Kong will become the world's largest cross-border wealth management center within the next one to two years, which is a positive and progressive development for the market. To maintain Hong Kong's leadership as an international financial center, it is hoped that the government will invest more efforts to enhance the professional standards of the wealth advisory market and allow the industry to continue to develop, providing more innovative options and an excellent customer experience.

Endowus believes that a series of enhanced tax exemption measures, including expanding the definition of funds, optimizing the tax treatment of family offices, and relaxing the stamp duty exemption for intra-group asset transfers, constitute a targeted and robust framework to attract foreign investment. These measures are expected to significantly enhance Hong Kong's competitiveness, attracting high-net-worth individuals, single-family offices (SFOs), and institutional capital seeking tax-efficient and innovation-friendly jurisdictions