Hong Kong has set course to join the ‘yacht club of Asia’. Can it find a way?

On a recent weekend, the members-only Lantau Yacht Club in Hong Kong hosted a high-profile boat show, with Rolls-Royce limousines, luxury Jacob & Co timepieces, drones and live music all part of the package to tempt well-heeled guests. The privately owned yacht club, in Lantau’s Island’s resort-like Discovery Bay neighbourhood, was a pioneer in reconfiguring operations to target high-end superyachts in 2020 and has 148 wet berths and associated facilities. Franklin Mak, executive vice-president...