Hong Kong adds 681 family offices as wealthy shift focus from US: Deloitte

The auditing firm’s survey shows a 25 per cent increase in the city’s single-family offices over two years, with the affluent wary of US volatility

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There were an estimated 3,384 single-family offices in Hong Kong by the end of last year. Photo: Sam Tsang

Published: 3:20pm, 10 Feb 2026Updated: 6:55pm, 10 Feb 2026

Hong Kong housed nearly 3,400 single-family offices by the end of last year, a 25 per cent rise in two years – contributing HK$12.6 billion (US$1.6 billion) annually to the economy – as the affluent refocused on the city amid US trade tensions and the rise of China’s tech sector, according to a report by Deloitte on Tuesday.

The global auditing firm made the estimates after surveying 136 market participants across Hong Kong’s family office sector, including 85 single-family offices, whose wealth originated across all major regions, and 36 multi-family offices with operations in the city, between October and December 2025.

There were 3,384 single-family offices – entities set up to manage the financial needs of a single family – by the end of last year, increasing by 681 from the fourth quarter of 2023.

The single-family offices originated from all over the world. Of the 85 surveyed, 38 came from mainland China and 19 from Hong Kong. The others included 12 from Europe, eight from Asia-Pacific, six from the US and the rest of the Americas, and two from the Middle East.

“Amid global changes, the family office industry and asset management sector are undergoing a rapid evolution,” said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu in a statement on Tuesday. He added that the increase of family offices in Hong Kong reflected the tangible outcomes of the government’s efforts in policy formulation and institutional development.

The growth came as family offices faced uncertainty and volatility in US capital markets, pushing them to reduce their US exposure and refocus on Hong Kong. In contrast, 60 per cent said they planned to increase investments in the city over the next three years.

Single-family offices in Hong Kong originated from all over the world. Photo: Handout

Hong Kong adds 681 family offices as wealthy shift focus from US: Deloitte

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The auditing firm’s survey shows a 25 per cent increase in the city’s single-family offices over two years, with the affluent wary of US volatility

The auditing firm’s survey shows a 25 per cent increase in the city’s single-family offices over two years, with the affluent wary of US volatility