The Financial Services and the Treasury Bureau announced on the 15th that, driven by strong government support, the number of family offices established or expanded in Hong Kong with the assistance of InvestHK has now exceeded 200. This achievement surpasses the performance target set in the 2022 Policy Address, further solidifying Hong Kong's position as Asia's leading cross-border private wealth management center and a global family office hub.
Mr. Christopher Hui, Secretary for Financial Services and the Treasury, stated that after more than two years of active government promotion and the creation of a stable, predictable policy environment, family offices have become a vital component of Hong Kong's financial industry. Hong Kong offers exceptional conditions for family offices, including international-standard professional services and a high-quality, livable environment. It also provides advantageous opportunities for developing green investments, art collections, and philanthropic ventures, contributing to a diverse and well-rounded ecosystem for family offices. The early achievement of attracting 200 family offices fully demonstrates Hong Kong's strong competitive edge in private wealth and asset management.
Ms. Alpha Lau, Director-General of Investment Promotion at InvestHK, emphasized that as the world's second-largest cross-border wealth management center, Hong Kong is a preferred wealth management hub for global investors. In addition to actively attracting more family offices to Hong Kong, InvestHK is committed to building capital-connected platforms and driving the dual-engine development of finance and technology. By channeling capital into scientific research and innovation, Hong Kong aims to attract more patient capital, creating a virtuous cycle that injects sustained momentum into the city's diversified economy.
The government also outlined plans to further optimize the tax incentive regimes for funds, single-family offices, and carried interest. InvestHK will continue to collaborate with chambers of commerce, industry associations, and family office service provider networks to enhance global awareness of Hong Kong as the region's premier family office hub.
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