The Emerging Hub for Family Offices and Wealth Management
The Financial Affairs and Treasury Bureau (FATB) announced on September 15, 2025 that the number of family offices (FOs) that have established or expanded their operations in Hong Kong, with the support of InvestHK, has surpassed 200. This achievement exceeds 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 hub for family offices.
In 2022, the Chief Executive outlined a clear goal to attract at least 200 family offices by the end of 2025. In March 2023, the FATB introduced a policy declaration showcasing the government’s commitment to enhancing the ecosystem for family offices and asset owners. This includes eight key measures such as tax incentives, the introduction of the “New Capital Investor Entry Scheme,” and the establishment of the Hong Kong Wealth Succession Institute, aimed at creating a competitive environment for family office-related industries.
Additionally, the FamilyOfficeHK team has expanded its functions and established a network of service providers to offer comprehensive support to family offices. The government has also optimized the “New Capital Investor Entry Scheme” to enhance Hong Kong’s attractiveness for global high-net-worth individuals.
Over the past two years, these initiatives have significantly increased interest, with over 200 family offices supported by InvestHK. As Asia’s largest cross-border wealth management center, Hong Kong’s total asset management value is projected to exceed HKD 35 trillion by the end of 2024, reflecting a 13% year-on-year growth, with net capital inflow rising over 80%.
The Secretary for Financial Affairs and Treasury, Christopher Hui, emphasized the importance of family offices in Hong Kong’s financial sector, while the Director of InvestHK, Stephen Wong, highlighted the city’s strategic advantages and commitment to sustainable economic development. Looking ahead, the government plans to further optimize tax incentives for funds and family offices, while continuing to promote Hong Kong as a leading hub for family offices globally.
