logo
Principal dinner sets the stage for Wealth for Good in Hong Kong Summit

Principal dinner sets the stage for Wealth for Good in Hong Kong Summit

HONG KONG SAR - Media OutReach Newswire - 27 March 2025 - Some 130 influential family office principals and family members from the Mainland, Asia, Europe, the Americas and the Middle East gathered at a principal dinner organised by the Government this evening (March 25) to set the stage for the third edition of the annual Wealth for Good in Hong Kong Summit (WGHK) to be held tomorrow, reaffirming the city's role as a premier global hub for family offices.
In his welcome remarks, the Acting Chief Executive, Mr Chan Kwok-ki, said, 'Hong Kong is a super-connector bringing together people and ideas. We are a platform for visionaries looking to create lasting legacies, a dynamic hub where your offices and families can flourish.'
The evening was graced with the presence of notable speakers Ms Maye Musk and Vice-Chancellor of the University of Oxford, Professor Irene Tracey, at an inspiring fireside chat moderated by the Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau. The speakers shared their insights on women's influence in leadership and legacy-building with focus on the critical role of female leadership in shaping the future of business, innovation, and societal progress. The engrossing session fostered an atmosphere of collaboration, paving the way for insightful discussions and new partnerships at tomorrow's summit themed 'Hong Kong of the World, for the World'.
The event also charmed visitors with a captivating Lion Ballet performance against the dazzling night view of the Victoria Harbour, amazing the attendees with the unique blend of cultural richness and the city's legendary skyline.
The WGHK is going to take place tomorrow (March 26) afternoon with over 300 participants to join. The summit will not only convene principals and family members to discuss the future of wealth management in the region, but also encourage attendees to experience the city's dynamic offerings through its vibrant neighbourhoods, dynamic arts scene and strong community spirit which make the city an ideal destination for both families and businesses.
Hashtag: #WGHK
The issuer is solely responsible for the content of this announcement.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

No decision on winter fuel allowance until autumn, minister says
No decision on winter fuel allowance until autumn, minister says

Yahoo

time6 hours ago

  • Yahoo

No decision on winter fuel allowance until autumn, minister says

No decision will be taken on the winter fuel allowance until the Autumn budget – dispelling speculation that the government would make an announcement on it at next week's spending review. Sir Keir Starmer last month announced his intention to give more people access to winter fuel payments, just months after Labour decided to means test the previously universal payment. But weeks later, chaotic government messaging had left millions of pensioners with no idea what the changes will look like or when they will be announced. Asked about the changes, Peter Kyle, the secretary of state for science, innovation and technology, told Sky News: 'These issues are going to be dealt with in the run up to the autumn where these decisions are going to be taken and announced. 'But this is a spending review that's going to set the overall spending constraints for government for the next period, the next three years.' Pressed on whether that means no details will be unveiled on winter fuel next week, the technology secretary said: 'I think what you're going to see is the overall spending constraints and allowances for each government department, and then each department is then going to start talking about how it's going to allocate those.' Last week, Rachel Reeves confirmed the expected U-turn on the controversial cuts would be in place for this winter, meaning that the government will be faced with a scramble to get the changes rolled out between the October budget and the winter months. While the chancellor had previously confirmed that they would not set out how the changes would be paid for until the autumn, there was a growing suggestion from the government that details on who the changes would affect could be set out at next week's spending review. The chancellor is expected to unveil a swathe of spending cuts on Wednesday as she attempts to walk the tightrope between delivering on the party's election promises and sticking within the bounds of her self-imposed fiscal rules. Mr Kyle's comments come days after pensions minister Torsten Bell confirmed there was no prospect of returning to a universal winter fuel payment for all, saying that '95 per cent of people agree that it's not a good idea that we have a system paying a few hundreds of pounds to millionaires, and so we're not going to be continuing with that.' Winter fuel payments are a £300 payment to help with energy costs in the colder months. In July, the chancellor announced that pensioners not in receipt of pension credits or other means-tested benefits would no longer receive the benefit. As a result, just 1.5 million pensioners received the payment in winter 2024-25 – a massive drop from the 10.8 million pensioners who received it the year before. The cuts were deeply unpopular because they were seen as being disproportionately damaging to vulnerable people, and were criticised for leaving thousands of poorer pensions who were on the borderline missing out on the payment. In November, it was revealed that the government's own figures indicated it would force 100,000 pensioners into poverty in 2026. The policy was partly blamed for Labour's poor performance at the local elections – which saw them lose two-thirds of the council seats they had in 2021– as well as the previously Labour-held Runcorn and Helsby parliamentary seat to Reform UK. The cuts – combined with the £5bn welfare cuts and the party's decision to keep the two child benefit cap in place – have sparked growing concern over the direction of the government among Labour MPs.

Start your week smart: Inside the Trump-Musk feud, LA immigration clashes, military parade, Tony Awards, French Open
Start your week smart: Inside the Trump-Musk feud, LA immigration clashes, military parade, Tony Awards, French Open

CNN

time11 hours ago

  • CNN

Start your week smart: Inside the Trump-Musk feud, LA immigration clashes, military parade, Tony Awards, French Open

Every parent wants their children to be happy and healthy, but admit it: If they just happen to grow up to be professional athletes or tech entrepreneurs, so much the better. Well, it turns out that the key to raising an ultra-successful kid is not something special you should do — it's something you should not do. Here's what else you need to know to start your week smart. Get '5 Things' in your inbox If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter. It's over. For now, at least. The once chummy relationship between President Donald Trump and billionaire Elon Musk imploded in a flurry of back-and-forth insults and allegations that played out on social media for all the world to see. Trump told CNN they won't be burying the hatchet anytime soon. 1️⃣ How it started: The animosity ramped up considerably when Musk called Trump's massive tax and domestic policy bill 'a disgusting abomination.' Then he shared old comments from Republicans about government spending. Things quickly went off the rails. 2️⃣ Ugly insults: The president and the world's richest man traded jabs about policy flip-flops and the 2024 election before things got increasingly personal. These are the nastiest things they said. 3️⃣ Social squabble: Trump may have finally been outmatched — by the owner of the platform he used to love. Musk wielded his X account like a political weapon while the president tried to keep up on Truth Social. 4️⃣ How people reacted: Conservatives lamented the feud and appeared torn between their two central heroes. Fox News — Trump's biggest media ally — treated this like a mere blip in their friendship. A Washington power couple straddles the line. 5️⃣ What's next? Trump floated the idea of terminating Musk's government contracts and said he will 'pay the consequences' if he starts funding Democrats. It remains to be seen where things go from here. The president often reconciles with allies, even after ugly things are said. • Trump deploys National Guard in response to LA clashes on immigration enforcement• Russia claims to have pushed into central Ukrainian region for first time• Federal judge approves $2.8B settlement, paving way for US colleges to pay athletes millions MondayPresident Trump's travel ban that bars the entry of nationals from 12 countries into the US goes into effect at 12:01 a.m. People from Afghanistan, Myanmar, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen will be fully restricted. Travelers from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela will face partial restrictions. TuesdayNASA, Axiom Space and SpaceX are hoping to launch another private astronaut mission to the International Space Station. The crew of four will spend two weeks on the ISS, conducting science, education and commercial activities. WednesdayPoland's Prime Minister Donald Tusk has scheduled a parliamentary vote of confidence for his coalition government after populist firebrand Karol Nawrocki narrowly won the presidential election, delivering a blow to the centrist government's efforts to cement Warsaw's pro-European orientation. In a televised speech, Tusk said that he and his party want to show the world they 'understand the gravity of the moment, but that we do not intend to take a single step back.' President Trump, first lady Melania Trump, Vice President JD Vance and second lady Usha Vance are scheduled to attend the opening night performance of 'Les Misérables' at the Kennedy Center. Among those who will not be in attendance are at least 10 to 12 performers who are planning to sit out the show. The cast was given the option not to perform the night Trump will be in the audience, sources told CNN. SaturdayJune 14 is a date that will mark many things, including: Flag Day, President Trump's 79th birthday, the US Army's 250th birthday and the day that nearly 7,000 soldiers and millions of pounds of military hardware will roll down the streets of Washington in the largest military parade the US capital has seen in decades — fulfilling an oft-voiced wish of the president. Prev Next Check out more images from the week that was, curated by CNN Photos. At a glanceGame 2 of the NBA Finals is set for tonight with the Indiana Pacers holding a 1-0 lead over the Oklahoma City Thunder after a stunning comeback in Game 1 led by point guard Tyrese Haliburton. The Florida Panthers and Edmonton Oilers return to the ice Monday night for Game 3 of the Stanley Cup Final. They're tied at one game apiece after the Panthers took Game 2 in double overtime. In tennis, Coco Gauff won the French Open with a thrilling comeback against world No. 1 Aryna Sabalenka in the women's final. On the men's side, defending champion Carlos Alcaraz faces Jannik Sinner for the title today. In horse racing, Sovereignty won the Belmont Stakes by three lengths over Journalism just a few weeks after claiming the Kentucky Derby crown. In golf, the US Open, the PGA Tour's third major, gets underway Thursday at Oakmont Country Club in Pennsylvania. World No. 1 Scottie Scheffler is the favorite to hoist the trophy on Father's Day. TV and streamingThe 78th Tony Awards will air live tonight on CBS and streaming on Paramount+ at 8 p.m. ET. Broadway's biggest night will be hosted by Tony, Emmy and Grammy-winner Cynthia Erivo. 'Buena Vista Social Club,' 'Death Becomes Her' and 'Maybe Happy Ending' earned the most nominations with 10 each. Among those who received their first Tony nominations: George Clooney ('Good Night, and Good Luck') and Mia Farrow ('The Roommate'). In theatersA live-action version of 'How to Train Your Dragon' swoops into theaters Friday. The movie stars Mason Thames as Hiccup, Nico Parker as Astrid and Gerard Butler as Stoick — the role he voiced in three animated 'How to Train Your Dragon' films. 'The Materialists' stars Dakota Johnson as a New York City matchmaker caught in a love triangle. Chris Evans and Pedro Pascal co-star. Looking for a challenge to start your week? Take CNN's weekly news quiz to see how much you remember from the week that was! So far, 14% of readers who took the quiz got a perfect score and 57% got eight or more questions right. How will you fare? 'The Hamilton Mixtape'The members of the original cast of the hit Broadway musical 'Hamilton' will reunite during tonight's Tony Awards for a 10th anniversary performance. Long before 'Hamilton' became a cultural phenomenon, Lin-Manuel Miranda previewed what would become the show's opening number for then-President Barack Obama and then-first lady Michelle Obama at the White House. (Click here to view)

The City of Bentonville, AR Renews Partnership with GovDeals to Sell Surplus Properties
The City of Bentonville, AR Renews Partnership with GovDeals to Sell Surplus Properties

Yahoo

time12 hours ago

  • Yahoo

The City of Bentonville, AR Renews Partnership with GovDeals to Sell Surplus Properties

The city moves away from traditional newspaper advertising in favor of a global online auction platform BENTONVILLE, Ark., June 08, 2025 (GLOBE NEWSWIRE) -- The City of Bentonville, AR is once again partnering with GovDeals, the leading online marketplace for government agencies to sell real estate, vehicles, equipment, and other items, to resume conducting virtual auctions for the city's surplus assets. The shift to online auctions addresses the limitations of traditional newspaper advertising, offering broader reach and increased efficiency in connecting with potential buyers globally. 'We are increasing our GovDeals listings because that is where the buyers are,' said City of Bentonville Purchasing Manager Kelsi Frederick. 'Online auctions provide us with more opportunities to move inventory and secure funds for local initiatives. This decision reflects our commitment to embracing modern, efficient methods of commerce.' Since partnering with GovDeals, the City of Bentonville has successfully generated over $429,000 in sales, demonstrating the effectiveness of online auctions in maximizing revenue from surplus assets. Last year alone, auctioning surplus online netted the city over $142,000, underscoring the financial benefits of this partnership. All forthcoming auctions can be found directly on GovDeals. In order to bid on items from the City of Bentonville or any asset on GovDeals, potential buyers must first create an account and complete the free and easy registration form. New bidder registration can be completed at About GovDeals GovDeals is the world's leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation assets to industrial machinery and real estate properties. GovDeals specializes in surplus disposition technology, partnering with government agencies and related entities to sell "as is, where is" surplus assets, equipment, and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. GovDeals is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ: LQDT), which has supported millions of customers across the globe. GovDeals buyers have direct access to all the surplus assets across Liquidity Services' network of marketplaces in one centralized location. CONTACT: Contact: Angela Jones, GovDeals (334)-301-7823 ajones@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store