AquaBloom International Sports Technology Group and Hong Kong International Family Office Association form strategic partnership

AquaBloom International Sports Technology Group ("ABSG") and the Hong Kong International Family Office Association ("HKIFOA") formed strategic partnership to promote the development of global SportsTech industry. ABSG is pleased to welcome another world-class partner to its established global ecosystem and business network.

According to the Policy Statement on Developing Family Office Businesses in Hong Kong issued by the Government of the Hong Kong SAR of China in March, Hong Kong will make every effort to create a competitive business environment to attract family offices to settle in Hong Kong.

By the end of 2021, Hong Kong had $4.6 trillion in assets under management. Family offices will play an increasingly important role in the further development of Hong Kong's wealth management industry, with an official target of attracting 200 family offices to Hong Kong by 2025.

Mr. Paul Chan, Hong Kong's financial secretary, pointed out that the booming development of family office business will help Hong Kong gather capital from all over the world, strengthen Hong Kong's financial market and asset and wealth management industry, and promote the sustainable development of financial and professional services, innovation, green, culture and arts and even charity, and enhance Hong Kong's development momentum.

HKIFOA’s mission is to facilitate the growth and professionalization of family offices in Hong Kong and Asia, and to enhance the understanding and awareness of family office services among high-net-worth individuals, business owners, and other stakeholders. The association provides various resources and services to its members, including networking events, education and training programs, research and analysis, and industry insights and thought leadership.

HKIFOA also collaborates with government agencies, academic institutions, and industry associations to promote the development of a supportive regulatory environment for family office services and to advance the interests of its members. Overall, HKIFOA aims to position Hong Kong as a leading hub for family office services and to contribute to the growth and success of the family office industry in Asia.

HKIFOA was founded by Mr. Simon Je, who is also the Founder and Chairman of Hong Kong International Blockchain and Financial Association(HKIBFA) and Greater Bay Area International Medical and Healthcare Industry Association(GBA-IMHIA), and has played key roles in a number of important organizations and enterprises.

ABSG is pleased to invite Mr. Simon Je as a core founding member of the Hong Kong International SportsTech Association, which was initiated by ABSG.

ABSG is dedicated to establishing a globalized platform for sports technology industry, fostering the multi-tiered integration and synergistic development of capital, talent, technology, market, and projects in the international sports technology industry.

In collaboration with Cyberport, the innovation highland in Hong Kong, ABSG is jointly creating Global SportsTech Center, Cluster and Ecosystem (CCE). Furthermore, ABSG has a comprehensive ecological layout, including global sports technology summits and investment consortium. It is the only all-round platform in Asia's sports technology sector, receiving prestigious recognition from numerous international organizations. It has been selected as the contributor and innovative leader representing China in the Global SportsTech Reports.

At present, ABSG has established in-depth strategic partnerships with more than 40 SportsTech platforms from 24 countries, more than 40 SportsTech investment partners and more than 100 various partners from China, and developed joint ventures and landed high-value major SportsTech projects.

Mr. Mike Yang has 18 years of N. America Market plus over 9 years of China Market successful track records in sports industry and sports technology innovation development; also has accumulated many Global and China’s top-notch Sports IP, resources, network, expertise and Know-Hows. Mr. Yang has founded several successful sports industry companies and hold executive positions in many world-class sports brands enterprises. In addition, Mr. Yang has also invested in both local and oversea sports related companies, including the world’s largest sports technology innovation platform. He founded AquaBloom International Sports Technology Group (ABSG), which is the unique all-round platform in the vertical field of sports technology in Asia. ABSG has been recognized as the only representative platform from China for three consecutive years by Global SportsTech Report. Mr. Yang has also been selected as one of the world's top 30 innovation leaders and the only Asian representative, with global influence in global SportsTech industry.

Mr. Mike Yang is also pleased to be invited by Mr. Simon JE, the founder and chairman of the Hong Kong International Family Office Association, to be the honorary president of the Association. Mr. Yang expressed the hope of contributing to the strategic development goals of the Association.

The two parties will engage in in-depth cooperation in multiple fields in the future, such as cooperation in sports technology project investment and construction of listed platforms, fully utilizing policies and funds in the Middle East to develop sports technology innovation parks and industrial clusters, and mutual support for each other’s association activities.