In the dynamic financial landscape of Hong Kong, the preservation and seamless transfer of family wealth and businesses across generations present unique challenges. As fortunes grow, so too does the complexity of managing these assets, often leading to unforeseen disputes and the erosion of family harmony.

It is within this critical context that CFT Limited (傳富服務有限公司) emerges as a beacon of expertise, offering comprehensive solutions in succession planning, family governance, and wealth management. With a steadfast commitment to integrity and a deep understanding of both local and international financial intricacies, CFT stands as a trusted partner for families seeking to secure their legacies for centuries.
At the heart of CFT’s unparalleled service lies the profound expertise and extensive experience of its founding directors, Mr. Patrick Tse and Mr. Robert Siu, who also authored the book 開啟傳承之門 [Opening the Door to Heritage]. Their combined knowledge forms the bedrock upon which the firm’s robust solutions are built, ensuring clients receive advice that is both strategic and meticulously tailored.

Patrick Tse, Founder of CFT Limited
Patrick Tse, Founder of CFT Limited
Robert Siu, Founder of CFT Limited
Robert Siu, Founder of CFT Limited
Patrick Tse (Left) and Robert Siu (Right) at the launch of the book 開啟傳承之門 [Opening the Door to Heritage]
Patrick Tse (Left) and Robert Siu (Right) at the launch of the book 開啟傳承之門 [Opening the Door to Heritage]

Mr. Patrick Tse, a seasoned professional with over 30 years of experience, is a distinguished figure in corporate secretarial, compliance, and corporate governance services. His tenure as founder and director of Uni-1 Corporate Services Limited since 2002 speaks volumes about his leadership and deep understanding of corporate structures. Beyond corporate secretarial and compliance services for Hong Kong’s listed companies, Mr. Tse’s practice focuses on structuring diverse client transactions and forming joint ventures. His expertise further extends to the intricate process of setting up and maintaining trusts for listed companies’ shares schemes and succession planning – an area where he’s seen first-hand over many years how a lack of preparation creates preventable issues.
Mr. Tse’s commitment to the highest governance standards is demonstrated by his credentials as a fellow member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute, a member of The Hong Kong Institute of Directors, and a Certified ESG Planner (CEP).

Complementing Mr. Tse’s corporate governance prowess is Mr. Robert Siu, a veteran in corporate finance with over 25 years of experience. Mr. Siu has orchestrated more than two hundred corporate finance projects, encompassing initial public offerings (IPOs), mergers and acquisitions (M&As), rights issues, open offers, placings, debt restructuring, and general financial advisory cases. His invaluable experience includes assisting clients in establishing family trusts during the IPO process and providing expert advice on family succession for listed companies. In addition to being an executive council member of The Hong Kong Independent Non-Executive Director Association (HKiNEDA), a fellow member of the Association of Chartered Certified Accountants (FCCA) and a member of the Hong Kong Institute of Certified Public Accountants (HKICPA), Mr. Siu is also a Certified Trust Practitioner (CTP) accredited by the Hong Kong Trustees’ Association, solidifying his authority in trust management and financial planning.

The Peril of Neglect: Wealth Disputes in Hong Kong

In Hong Kong, a significant number of wealthy families face the daunting prospect of wealth disputes, often stemming from a lack of foresight in family governance, inadequate wills, or poorly structured inheritance plans. Reports indicate that over half of Hong Kong’s affluent families have experienced conflict due to family wealth, highlighting a pervasive issue that can fracture relationships and diminish legacies.These disputes are not merely financial. They often involve deep-seated family disagreements over control, fairness, and the future direction of family businesses. The emotional toll and reputational damage can be immense, often outweighing the financial losses. The highly publicized cases of prominent families embroiled in inheritance disputes serve as cautionary tales, underscoring the critical need for proactive and professional succession planning.
A will can often be challenged and the absence of a comprehensive succession plan can lead to prolonged and costly legal battles. Hong Kong’s intestacy laws, while providing a default distribution mechanism, often fail to reflect the deceased’s true intentions and can leave unmarried partners or specific beneficiaries vulnerable. The complexities are further compounded when assets are spread across multiple jurisdictions, such as Mainland China and Hong Kong, leading to conflicts of inheritance laws.

Our holistic approach goes beyond the financial aspect of trust services as we have a deep understanding of family dynamics and governance. These intangible aspects, which are often ignored in Asian culture, play a crucial role in preserving/restoring the family’s core values, history, and relationships. Elements that create long-term success, sustainability and unity across generations.
– Patrick Tse and Robert Siu, Founders of CFT Limited

Comprehensive Services for Enduring Legacies

CFT’s service portfolio is meticulously designed to address the multifaceted needs of high-net-worth individuals and families. Their offerings are built on the principles of customization, convenience, and professional follow-up, ensuring optimal outcomes for their clients. They include:
Succession Planning: CFT Hong Kong specializes in crafting bespoke succession plans that not only facilitate the smooth transfer of assets but also foster family unity and ensure the continuity of family businesses for generations. They aim to solve problems from the root, assisting families in preparing plans that garner support from all members.
Family Governance: Beyond mere asset transfer, the firm emphasizes robust family governance structures. This involves establishing clear frameworks for decision-making, communication, and conflict resolution, crucial for maintaining harmony and strategic direction within the family enterprise.
Corporate Governance: For businesses, particularly those with complex structures or aspirations for public listing, CFT provides expert corporate governance services, ensuring compliance, transparency, and sustainable growth.
Wealth Planning: Recognizing that wealth appreciation, inheritance, protection, and tax planning are paramount, CFT offers optimized solutions tailored to individual needs and goals.
Trust Setup and Maintenance: The firm provides a fast, simple, and comprehensive one-stop trust service, handling setup, management, and related legal, taxation, financial, and insurance aspects. Their team of experienced trust attorneys, financial advisors, and tax experts ensures that trust schemes are most suitable and regularly optimized.
Charity Foundation Setup and Management: For families looking to engage in philanthropy, CFT Hong Kong assists in establishing and managing charity foundations, aligning their charitable aspirations with effective governance and impact.

CFT believes that true family wealth goes beyond financial security. While financial tools are essential for the well-being of family members, clarifying a family’s core values is what gives that wealth purpose. The company guides families in exploring these values to build a meaningful and enduring legacy. In a world where wealth can be both a blessing and a source of contention, CFT’s dedication and unique approach ensures that your family’s legacy is not just protected but also poised for a future of continued success, enduring prosperity, and harmony.
The Mediazone Group congratulates CFT Limited for being recognized as one of Hong Kong’s Most Valuable Companies. We look forward to seeing the brand’s continued success and contributions to families in our region. For more information see the video below or visit https://www.cfthk.com.hk