Hong Kong Budget adds fuel to family office drive

The Hong Kong government is eager to tell the world that the city is back in business, setting aside HK$100 million ($12.7 million) over the next three years to woo more family offices to the city. The measures, announced in the latest annual budget on Wednesday (February 22), also include plans to restart the capital investment entrant scheme that had been suspended since 2015. The scheme aims to attract talent and new business by granting residency to people who make an invest…