Media OutReach
2026 Wealth for Good in HK Summit concludes, showcasing city’s appeal as global family-office hub
Co-organised by the Financial Services and the Treasury Bureau and Invest Hong Kong (InvestHK), the WGHK Summit drew family office decision-makers from Asia, Europe, the Americas, the Middle East, Oceania, and Africa to Hong Kong for in-depth discussions on topics ranging from cross-generational wealth management and cultural legacy to technological innovation and philanthropy.
Delivering remarks at the gala dinner, the Financial Secretary, Mr Paul Chan, said, “Facing risks and uncertainty, investors diversify by necessity. Families seeking to preserve their legacy look for a safe haven—not merely a place to park capital, but a place with institutional strengths, legal clarity and credible commitments.
“Hong Kong is not only a safe harbour. It is also a city of business opportunities, and a platform for growth, for connection and for the purposeful deployment of capital. For families from around the world, Hong Kong is, no doubt, the best gateway to tap the enormous opportunities on the Mainland. International capital and investors are optimistic about Hong Kong. Our stock market performed strongly last year. And our asset and wealth management is also thriving. We are also opening up new frontiers, including gold and commodity trading, as well as fixed income and currency markets, which will further enrich our financial ecosystem.”
The Deputy Financial Secretary, Mr Michael Wong, delivered welcome remarks at the Summit and said, “Hong Kong is a perfect base to support the prudent diversification of the investments by family offices. The world is getting more uncertain. Many conflicts are escalating and proceeding in a manner that is increasingly worrying and concerning. Against this global backdrop, Hong Kong offers something that is quite rare and precious. Under ‘one country, two systems’, Hong Kong provides an economic and business environment with policy predictability and institutional trust. Our common law legal system, independent judiciary, open economy, free flow of capital, freely convertible currency, and simple tax regime all work together to provide a welcoming and dependable home for wealth that lasts through generations.”
Speaking at the Summit, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “As we gather under the visionary banner of ‘Building Lasting Legacies’, I want to frame our discussions through a lens that truly defines Hong Kong: Safe, Stable and Sophisticated. It is the bedrock upon which global family offices are choosing to build, preserve and multiply generational wealth. Each session of today’s Summit has reinforced one fundamental truth: Hong Kong offers the safe harbour, the policy stability and the sophisticated ecosystem that ambitious families need to turn vision into lasting impact. Our Government remains fully committed to strengthening this foundation to drive Hong Kong as a nexus of legacies and innovation.”
Mr Hui highlighted that wealth succession is not only about growing fortune, but also about carrying forward core values across generations. He said that the Hong Kong Academy for Wealth Legacy is turning vision into action through its flagship philanthropic initiative, Impact Link (iLink). Since its launch, iLink has organised 17 workshops and seminars, equipping and inspiring over 700 family participants with the knowledge and confidence to begin their philanthropic journeys. Last June, the launch of the iLink Online Portal connected 55 family partners and strategic partners who together nominated 12 non-governmental organisations and charitable projects, offering families international connectivity and information collection for structured, informed decision making in charitable giving. Mr Hui described it as “Wealth for Good in its purest and most inspiring form”.
The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said, “Hong Kong stands as a leading global hub for wealth management, innovation, culture, and philanthropy. The WGHK Summit’s gathering of family leaders from across the globe fully embodies Hong Kong’s role as a super-connector. InvestHK will continue to serve as a bridge, providing comprehensive strategic support and on-the-ground facilitation for global families, transforming the collaborative opportunities sparked at the Summit into tangible outcomes of ‘Building Lasting Legacies’ in Hong Kong.”
This year’s WGHK Summit featured one fireside chat and three panel discussions. The opening fireside chat on “Beyond the Scoreboard: Sports, Philanthropy, and Building Lasting Legacies” explored how sports and philanthropy can complement each other to create positive impacts. The three panel discussions, themed “Family Office Playbook: Governance, Capital, and Values Across Generations”, “Lasting Culture: Owning Demand, Building Communities, Creating Legends”, and “Lasting Change: AI, Robotics, and Building the Future Together”, invited helmsmen of internationally renowned family businesses, brand leaders, and tech pioneers to delve into cross-generational wealth planning and family governance, brand building, and how cutting-edge technologies are co-building the future.
A number of distinguished guest speakers shared their insights at the Summit.
Co-CEO and Chief Scientific Officer of Insilico Medicine, Dr Ren Feng, said, “Hong Kong plays a pivotal role at the intersection of two strategic pillars – frontier technology and life sciences. Built on a strong research base, an efficient capital market, and a forward-looking commitment to AI and technologies, Hong Kong not only provides fertile ground for companies like Insilico Medicine to translate breakthrough technologies into real-world impact but also serves as a distinctive global hub for capital and family offices – bridging long-term value investors with cutting-edge biopharmaceutical innovation. At WGHK2026, we showcased how AI is reshaping the traditional drug discovery and development paradigm and explored how family office investors can play a catalytic role in this technological transformation – together shaping the future of global health.”
“Hong Kong’s decision to position itself as a cultural hub where East truly meets West makes it the natural springboard for family-run heritage brands,” says Representative of Major Shareholder of Leica Camera AG, Mr Maximilian Kaufmann. “World-class infrastructure and seamless connectivity link people, ideas and businesses here, giving companies like ours the ideal platform to share our story across Asia. Having grown up inside Leica and learning from a father who always shouldered responsibility, I see Hong Kong as the place where tradition and entrepreneurship can thrive side by side.”
Founder of Yao Foundation, former Chairman of Chinese Basketball Association and NBA All-Star, Mr Yao Ming, said, “Hong Kong is where East and West meet, Chinese and other cultures converge. Those who are more inclusive, more open, and more diverse will have more opportunities, and are more likely to spark the greatest inspiration and innovation. That is Hong Kong’s most distinctive and valuable advantage. I’m happy to continue serving as a bridge between East and West – bringing different visions and people together, and supporting one another to succeed, so that everyone benefits.”
The Summit kicked off with a spectacular and powerful joint performance by the Diocesan Boys’ School Chinese Drum Team and robotic drummers that quickly caught the eyes of the floor. Seeing youngsters collaborating with smart technology on stage perfectly echoed the Summit’s theme of “Building Lasting Legacies”. This harmonious fusion of traditional artistry and frontier innovation symbolised how the next generation is embracing their mission to forge the future with innovative thinking.
It was a successful conclusion for the Summit with a gala dinner where worldwide family office decision-makers and industry leaders continued their exchanges against the backdrop of Victoria Harbour, delving into cross-generational succession, asset allocation, and collaborative opportunities. The two-day programme covered three major areas – wealth management, cultural branding, and smart technology – facilitating numerous cross-sector dialogues and exploration of potential collaborations, further consolidating Hong Kong’s leading position as a global family-office hub.
Hashtag: #WGHK
The issuer is solely responsible for the content of this announcement.
Media OutReach
Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
Media OutReach
JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
Media OutReach
“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
