Greater Bay Area

3384 households! Why do global family offices favor Hong Kong?

2026-04-08   

For families from all over the world, Hong Kong is undoubtedly the best gateway to seize the huge opportunities in mainland China. International capital and investors are full of confidence in Hong Kong's prospects. "At the 4th" Yuzhe Hong Kong "Summit Forum held recently, Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, said that the Hong Kong stock market has performed strongly, and asset and wealth management businesses continue to thrive. For global ultra-high net worth families, Hong Kong is not only a safe harbor, but also a city full of business opportunities. As an important hub for global family office investments, Hong Kong's attractiveness is becoming increasingly significant. Data shows that by the end of 2025, there will be 3384 single family offices (hereinafter referred to as "family offices") in Hong Kong, an increase of about 680 in two years, an increase of over 25%, fully reflecting that global ultra-high net worth families are casting a vote of confidence in Hong Kong's future with real money. These family offices employ over 10000 full-time professionals in Hong Kong, covering fields such as financial advisors, law, and accounting, bringing in approximately HKD 12.6 billion in revenue annually and benefiting all sectors of Hong Kong society. The Hong Kong Monetary and Financial Research Centre recently released a report titled "Beyond Wealth: Promoting the Development of the Hong Kong Family Office Ecosystem through Charity, Impact Investment, and Risk Management", which shows that the growth momentum of the Hong Kong family office industry is strong. Up to 91% of the respondents stated that they have invested in the Hong Kong market, with confidence mainly derived from Hong Kong's sound regulatory framework, free flow of capital, mature financial market, and competitive tax system. Security, stability, and maturity are the cornerstones that attract global family offices to choose Hong Kong. ”The Secretary for the Treasury of the Hong Kong Special Administrative Region Government, Mr. Hui Cheng yu, stated that Hong Kong is a safe haven for global ultra-high net worth families, with both policy stability and a mature ecosystem. The SAR government will continue to consolidate this cornerstone and promote Hong Kong to become a hub of inheritance and innovation. The Hong Kong Investment Promotion Agency recently commissioned market research institutions to release the "Hong Kong Family Office Market Research" report, which also confirms the firm confidence of global family offices in Hong Kong: surveyed families generally expect to increase their investment in Hong Kong and the Asia Pacific region, and 60% of respondents plan to increase their market allocation in Hong Kong in the next three years. Hong Kong is an excellent base to support family offices in seeking stable and diversified investments. ”The Deputy Financial Secretary of the Hong Kong Special Administrative Region Government, Wong Wai lun, stated that under the "One Country, Two Systems" policy, Hong Kong provides an economic and business environment with strong policy predictability and a robust and reliable system. At the same time, Hong Kong adheres to a common law system, has an independent judicial system, an open economic system, free flow of funds, freely convertible currency, and a simple tax system. These advantages combined make Hong Kong the 'preferred place', "said Wong Wai lun. The most unique advantage of establishing a global home office rooted in Hong Kong in the future is direct investment in the "China opportunity". Mainland China has global competitiveness in areas such as new energy, high-end manufacturing, and artificial intelligence, and continues to attract global capital. The "Hong Kong Family Office Market Research" report shows that technology/media and healthcare are the preferred future investment areas for interviewed family offices, with artificial intelligence, big data, life and health sciences being popular investment themes. The interviewees believe that the close connection between Hong Kong and the mainland is the biggest "selling point", and the mature financial infrastructure combined with rich experience in the mainland market gives Hong Kong "unparalleled cross-border synergy effects" compared to regional competitors. Hong Kong has complete supporting facilities, sound rule of law, and free flow of funds. ”Sheng Zhiwen, Chairman of Lan Kwai Fong Group, which has established a home office in Hong Kong, believes that thanks to the institutional advantages of "One Country, Two Systems" and the stable and open environment it brings, Hong Kong, as a "super contact" and "super value-added person" between the mainland and the global market, has irreplaceable unique advantages in serving global wealth. In the complex and ever-changing international geopolitical environment, more and more investors, funds, and talents regard Hong Kong as a rare 'safe harbor' and investment destination. ”Chen Maobo stated. At the 4th Yuzhe Xiangjiang Summit Forum, there were many guests from the Middle East region, which attracted attention from the industry. Ruixiang Capital Holdings Limited, which has established a joint family office business in Hong Kong, stated that Middle Eastern capital can achieve systematic allocation of Chinese assets through various forms such as sovereign funds and family offices in Hong Kong. This is not only an "asset allocation", but also a "future layout". The vigorous and steady development of the upgraded Hong Kong family office ecosystem cannot be achieved without the support of the SAR government. In 2023, the SAR government issued a policy declaration on the development of family office business in Hong Kong, introducing eight measures including tax concessions, a new "Capital Investment Immigration Scheme", the establishment of the Hong Kong Wealth Inheritance Institute, and simplified approval procedures, laying the foundation for the development of family offices. A spokesperson for the Hong Kong Special Administrative Region government recently stated that Hong Kong will continue to take multiple measures, such as optimizing tax arrangements, implementing the "New Capital Investment Entrant Scheme", and organizing investment promotion activities around the world, to vigorously promote the development of family run businesses and consolidate Hong Kong's functions as an international asset and wealth management center and international risk management center. The Hong Kong family office ecosystem not only needs to 'increase in quantity', but also 'improve in quality'. ”Xu Zhengyu revealed that Hong Kong's home-based industries need to enter the "2.0 era", and the SAR government will promote the deeper integration of home-based industries into different economic and financial activities in Hong Kong, including technology, green industries, social enterprises, etc. Let Hong Kong's home run ecosystem not only increase in quantity, but also create long-term social value, "said Xu Zhengyu. To consolidate Hong Kong's position as a leading home office hub in Asia, the report published by the Hong Kong Monetary and Financial Research Centre has put forward several suggestions, including making better use of the cross industry support network within the Guangdong Hong Kong Macao Greater Bay Area, promoting the development of private social investment, and strengthening the cultivation of relevant professional talents. We hope to jointly cultivate a thriving and sustainable family office ecosystem, injecting momentum into the long-term growth of Hong Kong's financial services industry, "said Feng Yinnuo, CEO and Executive Director of the Research Center of the Hong Kong Institute of Finance. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:People's Daily

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