ABSG invited to 18th Asian Financial Forum’s Family Office Symposium
The 18th Asian Financial Forum, co-organized by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council, was held over two days (January 13-14). This year's forum, themed "Igniting Growth with New Momentum," explored how to seek breakthroughs amidst changing circumstances.
The Asian Financial Forum is a flagship financial event in Hong Kong and across Asia. The forum attracted approximately 3,600 participants from around 50 countries and regions. Renowned speakers, including government officials, representatives from central banks and regulatory bodies, financial and business leaders, scholars, and economists, engaged in meaningful discussions on global economic and financial developments, the growth potential of emerging markets such as the Association of Southeast Asian Nations (ASEAN) and the Middle East, and the development of new financial areas including artificial intelligence, financial technology, sustainable development, family offices, and philanthropy.
On the first day of the forum, the opening ceremony was held with welcome remarks from the Chairman of the Hong Kong Trade Development Council, Dr Peter Lam, and opening remarks from the Chief Executive of the Hong Kong SAR, Mr John Lee.
Over the two days, the forum featured multiple sessions on various themes, including policy dialogues, special luncheons and breakfast meetings, fireside chats, and workshops. Topics focused on the latest industry trends, such as global economic outlook, opportunities in China, new market opportunities, investment prospects, AI, FinTech, sustainable development, and philanthropy. These sessions helped participants grasp future opportunities in global economic development and focus on business opportunities in emerging markets such as China's Mainland, ASEAN, and the Middle East.
The Family Office Symposium was a joint event organized by the Hong Kong Trade Development Council and the Hong Kong Private Wealth Management Association (PWMA) during the Asian Financial Forum (AFF). This event, now in its sixth year, brought together family office (FO) executives to delve into key topics related to wealth management and generational succession. Expert panel roundtable discussions were also organized to share insights on how to navigate the complexities of the evolving family office landscape.
The Hong Kong Private Wealth Management Association (PWMA), established in 2013, is an industry association, whose mission is to foster the growth and development of the private wealth management (PWM) industry in Hong Kong. PMWA aims to strengthen the position of Hong Kong as the leading PWM hub by promoting proper conduct and integrity as well as setting standards for professional competence on the part of PWM practitioners; providing professional training and development opportunities to maintain the enhanced levels of competence expected of PWM practitioners; building a PWM community through industry events, forums and committees; establishing a platform for members to address and work collaboratively on industry wide challenges; providing a unified industry voice and representation on PWM related matters; and establishing an effective channel to maintain ongoing dialogue with government officials, regulators, trade bodies, industry associations and other stakeholders.
As more family offices relocate to and establish offices in Hong Kong, the city is becoming a primary destination for family offices. By 2030, trillions of wealth are expected to be transferred, with many offices preparing for the next generation to take the helm. The roundtable discussions covered themes such as digital assets, sports technology, and other innovative fields, enabling family offices to adapt and align with the interests and values of the next generation.
Mr Mike Yang, Founder & CEO of AquaBloom International Sports Technology Group (ABSG), was delighted to be invited to the forum. He participated in in-depth sharing and discussions with Mr. Evan Au Yeung, Group President of Animoca Brands, and Ms. Doris Pan, Associate Director of Full Vision Capital. The panel was moderated by Mr. Chi Man Kwan, Chair, Family Office Association Hong Kong; Group Chief Executive Officer, Raffles Family Office.
Mr Mike Yang and other panelists discussed emerging trends, including sports technology, gaming technology, Web3, blockchain, single-family offices (SPO), climate technology, and impact investing. Each panelist provided unique expertise and valuable insights on how the next generation of family office leaders can advocate innovation and sustainable development in a rapidly changing environment.
With the booming development of the global sports and sports technology industries, family offices have become an important force in the field of industrial investment. ABSG as a pioneer platform in the sports technology industry, understands the key role of family offices in promoting industrial development. In the future, ABSG will engage in in-depth cooperation with numerous family offices passionate about sports. Through resource sharing and complementary advantages, they will explore the endless possibilities of sports technology, inject strong momentum into the continuous development of the industry, and help sports technology achieve breakthroughs and innovations globally.
