Wealth Management
Affluent investors are shifting to newly launched hybrid specialised investment funds. These vehicles offer tax efficiency and stronger returns than traditional fixed-income options.
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Hong Kong has gazetted a tax reform bill exempting private equity and venture capital funds from tax on performance-linked income. The bill is scheduled for lawmakers to read on June 24 and aims to attract talent to strengthen the city's role as a wealth hub.
A couple in their 40s with a $500,000 annual income and a $600,000 mortgage is seeking financial advice on whether they can afford a vacation home. The query highlights the challenges of balancing high earnings with significant existing debt. Financial experts often weigh such decisions against long-term goals like retirement.