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Hong Kong Continues Family Office Ambitions – Report
Editorial Staff
22 October 2025
Hong Kong continues to crank up its ambitions to be a family office powerhouse. In recent years, Hong Kong and rival Asian hub Singapore have emerged as premier destinations for high net worth individuals and ultra-UHNW individuals seeking to establish single family offices and manage wealth. Hong Kong’s family office strategy includes forging links with other jurisdictions. In April, for example, the Emirates Family Office Association (EFOA), which supports UAE and global family offices, signed a co-operation pact with the Hong Kong Academy for Wealth Legacy (HKAWL).
The city will embark on the second phase of its family office development strategy over the next three years, aiming to attract 220 family offices from around the world – including those from Europe, the Middle East and Asia – as well as major multi-family office operators, Jason Fong, global head of family office at InvestHK, was quoted by local media as saying. InvestHK – or Invest Hong Kong – is the investment promotion agency of Hong Kong Special Administrative Region.
Over the past three years, Hong Kong has built an ecosystem to draw wealthy families by rolling out eight policy measures, including tax concessions and an investment-migration scheme, Fong told the South China Morning Post.
“We are now ready to launch the ‘Family Office 2.0’ initiative from 2026 to 2028,” Fong was quoted by the SCMP as saying late last week. “We want to see the sector broaden its horizon and deepen its development.”
Financial Services and the Treasury Bureau of the HKSAR Government (FSTB) and Invest Hong Kong (InvestHK), along with Bloomberg, published The Family Office Playbook earlier in October, a guide designed to assist family offices establishing or expanding their presence in Hong Kong.
The Playbook is the newest component of Hong Kong Family Office Nexus – an initiative to foster and support growth of Hong Kong’s family offices industry.