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Hong Kong Chief Executive Welcomes Legal Funds Amid 'Dubai Prince' Controversy

Hong Kong Chief Executive Eric Li Ka-chiu responded to the controversy surrounding the "Dubai Prince" incident, stating that Hong Kong welcomes all legal funds.


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According to reports from the Sing Tao Daily and online media outlet "Hong Kong 01", Eric Li Ka-chiu, before attending the Executive Council meeting on Tuesday (April 16th), was asked whether the "Dubai Prince" incident would make the Hong Kong government concerned about attracting foreign investment in the future.

Eric Li Ka-chiu stated that family offices are owned by ultra-high-net-worth individuals, and all cities and economies are committed to attracting these offices because they can generate tremendous economic benefits. Therefore, the Hong Kong government will do its best to attract family offices to settle in Hong Kong.

He emphasized that Hong Kong welcomes both ordinary citizens and wealthy families, which is the right attitude to have.


Eric Li Ka-chiu pointed out that in this fiercely competitive world, Hong Kong cannot always remain passive. Therefore, the government has done a lot of work to enhance Hong Kong's attractiveness and has invited as many family offices with legal funds as possible.

Previously, a man claiming to be a member of the Dubai royal family, Sheikh Ali Al Maktoum, expressed interest in setting up a family office in Hong Kong and was received by Hong Kong Chief Executive Eric Li Ka-chiu. However, it was later discovered by Hong Kong media that he was actually a Dubai singer with a large fan base in the Philippines. After the news spread, it sparked discussions in Hong Kong society, with suspicions that the SAR government, actively expanding the family office business market, had been deceived.

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