Why do rich people live in Hong Kong?

Could you elaborate on the reasons why affluent individuals tend to reside in Hong Kong? Are there specific economic, cultural, or lifestyle factors that make it an attractive destination for the wealthy? Is it the city's reputation as a financial hub, its low taxation policies, or perhaps the diverse international community that contributes to its appeal? I'm intrigued to understand the motivations behind this trend and what sets Hong Kong apart as a preferred residence for the rich.