South China Morning Post•10h agoSource

Wealthy European clients eye Hong Kong for family offices, says BNP Paribas

The News

BNP Paribas reports that wealthy European clients are increasingly interested in establishing family offices in Hong Kong to leverage regional opportunities. Additionally, affluent mainland Chinese clients are also seeking investment opportunities in Europe, indicating a two-way capital flow. The observations were shared by Lemuel Lee, head of wealth management for BNP Paribas in Hong Kong.

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The Analysis

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Why it matters

Wealthy European clients are seeking to establish family offices in Hong Kong.

Evidence

Lemuel Lee is head of wealth management for BNP Paribas in Hong Kong.

Uncertainty

5 claims still need verification.

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Key findings

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Wealthy European clients want to capitalise on growing opportunities in the region.

Economicscore: 85

Wealthy European clients are seeking to establish family offices in Hong Kong.
Mainland Chinese clients are also looking to invest in Europe.

Plain English

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BNP Paribas, France’s largest lender and the second-largest in Europe, has found that an increasing number of wealthy European clients are seeking to establish family offices in Hong Kong to capitalise on growing opportunities in the region, according to a banker from the lender.

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What's next

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Claims

5 claims checked

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Wealthy European clients want to capitalise on growing opportunities in the region.

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BNP Paribas is France's largest lender and the second-largest in Europe.

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An increasing number of wealthy European clients are seeking to establish family offices in Hong Kong.

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A growing number of wealthy mainland Chinese clients were also looking to invest in Europe.

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Lemuel Lee is head of wealth management for BNP Paribas in Hong Kong.

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