The FSDC announced the establishment of the Hong Kong Wealth Legacy Academy and the appointment of its board members, effective from 14 November.

According to the FSDC, the Hong Kong Wealth Legacy Academy was established by the Hong Kong Special Administrative Region Government on behalf of the FSDC to make Hong Kong a leading international family office hub. The School will provide global support such as exchange, collaboration, knowledge sharing and talent training, with a view to building a vibrant ecosystem for international family office managers, the new generation of asset owners, wealth management practitioners, etc., and enhancing Hong Kong's international status as a family office hub.

The Hong Kong Wealth Legacy Academy was established as a limited company by guarantee, and Cheng Zhigang was appointed as the chairman of the board. Seven distinguished industry leaders have also been appointed to the Board of Directors, bringing their expertise from different sectors such as family office, academia, professional services and the public sector, who will provide valuable advice to the School on its vision and strategic planning.

In addition to Chairman Cheng Zhigang, the board of directors of the Hong Kong Wealth Inheritance Institute also has 5 members, including Au King-lun, Jin Lok-ki, Lin Chun-ming, Lo Choi-wan, and Huang Yongguang; and two ex-officio members, including Mr Chan Ho-lim, Representative of the Financial Services and the Treasury Bureau, and Mr Ng Kwok-choi, Representative of InvestHK.