Three investment firms set up offices in HK

Three investment firms, including one from the United States, are establishing offices in Hong Kong as the city sees renewed financial activity. Paris-based Ardian plans to cater to growing demand from Chinese family offices and regional investors. The firm, managing USD177bn in assets, is applying for licences and hiring staff for its new office. Jadewell Family Office has launched its headquarters in Hong Kong, leveraging the city’s financial ecosystem. Stamford-based Arga Investment Management, with USD19bn in assets, is also planning a Hong Kong presence. Financial Secretary Paul Chan noted a positive shift in sentiment at the Wealth for Good Summit, with the government considering further tax concessions for funds and family offices.