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Don't Waste a Crisis


28 Aug 2023

In last week's article, "Rare Things are Precious, Just in Time for the Cold Winter", I briefly described the underlying logic of DL's counter-cyclical investment in commercial properties in Central Hong Kong amidst the economic downturn. But one thing I didn't mention in that article was our decision to purchase rather than lease. Beyond basic rational on investment returns, the most crucial reason is our unwavering optimism in Hong Kong's future as the world's most important wealth management center. As a family office-focused asset management and investment platform headquartered in Hong Kong, we hope to play a more proactive role in assisting the Hong Kong government to face this crisis and embrace new development opportunities.

 

Winston Churchill once said, "Never let a good crisis go to waste." Indeed, in recent years, Hong Kong has faced numerous challenges, including political instability, the impact of epidemics, emigration waves, and foreign capital withdrawal, resulting in subpar economic performance. However, both Hong Kong and the family office industry should strive to find new opportunities amidst these crises.



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