Latest news with #HKAWL
South China Morning Post
12 hours ago
- Business
- South China Morning Post
Hong Kong wealth legacy academy's new portal connects rich families with charitable work
The Hong Kong Academy for Wealth Legacy (HKAWL), chaired by Adrian Cheng Chi-kong, launched a web portal on Tuesday to connect wealthy families with philanthropic initiatives, giving them access to high-impact projects. The Impact Link Online Portal (iLink) will serve as a repository for philanthropic projects that wealthy families can participate in, as well as an online community where they can connect and learn from one another, said Cheng, a former CEO of Hong Kong property giant New World Development (NWD). 'From our engagements with family office principals, asset owners and inheritors, we've observed a strong demand for guidance on setting up family foundations, identifying impactful projects, scaling philanthropic efforts through collaboration and measuring philanthropic outcomes,' said Cheng. 'Families are also eager to learn from others' experiences about effective practices in philanthropy.' The portal was developed to meet these needs, offering a centralised platform for knowledge sharing, collaboration, as well as empowering families to reach informed and impactful philanthropic endeavours, he added. Adrian Cheng is the chairman of the Hong Kong Academy for Wealth Legacy. Photo: HKGTA Cheng, 45, a scion of one of Hong Kong's wealthiest families – which controls NWD and jewellery retailer Chow Tai Fook Jewellery Group – resigned as CEO of NWD in September. Long regarded as the family's heir apparent, Cheng joined NWD in 2007 at the age of 28 and led the company through an aggressive expansion in mainland China and Hong Kong, including the launch of his signature K11-branded shopping centres.
Zawya
09-04-2025
- Business
- Zawya
Emirates Family Office Association partners with The Hong Kong Academy for Wealth Legacy
Hong Kong – The Emirates Family Office Association (EFOA), the unique independent body supporting UAE and global family offices, announces a new Memorandum of Understanding (MoU) – for a strategic partnership with The Hong Kong Academy for Wealth (HKAWL). The mutually beneficial partnership will see the two entities focus on collaborative networking, knowledge exchange and capacity building between Greater China and the UAE. Founded in 2023, HKAWL is a pioneering institute driving excellence and strengthening Hong Kong as a leading global family office hub. HKAWL fosters collaboration, networking, knowledge sharing and talent development across the sector- and is committed to invigorating a vibrant landscape for family offices worldwide. With strong alignment between EFOA's and HKAWL's respective missions, the partnership will explore further potential areas of cooperation and support for each organization's activities, with a focus on training and development, to strengthen the positions of Abu Dhabi and Hong Kong as global family office hubs. Adam Ladjadj, Founder and Chairman of EFOA, said: 'HKAWL is a leading institute in the family office ecosystem and a natural partner for EFOA to work alongside as we promote collaboration and knowledge sharing among our member bases. The family office industry is expanding rapidly. It is vital the sector – regionally and globally – is engaged with new learning and relationship building opportunities to ensure best practices and ways of working for all.' Fahad Al Gergawi, EFOA Board Member, said: 'We were pleased to identify HKAWL as an organisation that engages audiences aligned to EFOA, focusing on family principals, next-gens and Single-Family Office leaders. Our members now can lean on a regionally connected partner to help them navigate the cross-border connections that are often opaque and costly to authenticate in Asia, and vice versa for the HKAWL network looking to the Middle East.' Angel Chia, Executive Director of HKAWL, said: 'As HKAWL cultivates a growing network of family peers, we rely on more like-missioned partners to extend the cohort network. We are excited to facilitate further collaborations between Asia and the Middle East through this partnership with EFOA.' Dr. Adrian Cheng, Chairman of HKAWL, added: 'The need for legacy development by wealth and business families transcends borders, particularly as both Asian and the Middle East are experiencing similar challenges of family enterprise transformation, cultivating next-gens, and formalizing and professionalizing family office governance. We think the MOU presents the opportune time for families between Asia and the Middle East to learn and evolve together, to form the bedrock of further collaboration.' EFOA's partnership with HKAWL follows the association's 2024 MOU signings with the Middle East Venture Capital Association, the entity dedicated to the advancement of the venture capital industry in the MENA region, and Wind, the leading Chinese financial data provider. The new partnerships reinforce EFOA's mission to cultivate a higher degree of sophistication among family offices and businesses on an international scale by offering tools and insights on community building, learning opportunities, policy and advocacy, and financial structures; all while expanding its reach globally to connect with new members. Further information Thoburns Georgi Rochford About EFOA The Emirates Family Office Association is an independent, not-for-profit organization designed to support the UAE's family office community. EFOA strives to provide resources, education, and support to family offices, while fostering collaboration and innovation among its member organizations. For more information, please visit
