Advertisement
Advertisement
TOPIC

Family offices

Family offices
Family offices are corporations established by wealthy individuals or families to pursue investment, philanthropy and succession planning. Hong Kong has more than 2,700 single-family offices, with each managing between US$10 million and US$100 million. The Hong Kong government has announced tax incentives and investment migration schemes to attract such corporations in an effort to turn the city into a regional hub.
Singapore's monetary authority and finance ministry have announced measures including a tax exemption for investment profits. Photo: Shutterstock
Banking & finance

Hong Kong financiers press for tax breaks after Singapore’s challenge

Lawmakers should hurry to approve proposed law or risk losing edge to Singapore in attracting asset managers, industry players say.

Banking & finance

In Focus | Beijing hits super-rich with 20% offshore tax. What does it mean for Hong Kong?

videocam
11
Wealth management

How China’s new offshore trust tax rules could shake billionaires’ fortunes

5
Wealth management

Sun Life targets Asia’s booming wealth transfer market with new platform

Insurer joins global scramble to serve Asian clients looking to transfer wealth to next generation via insurance products.

Hong Kong has become the world’s largest offshore wealth management hub. Photo: SCMP/Sam Tsang
Wealth management

Wealthy European clients eye Hong Kong for family offices, says BNP Paribas

France’s largest bank reports a surge in two-way wealth flows through Hong Kong, as affluent mainland investors also leverage the city to acquire European assets.

Hong Kong economy

For every dollar invested, we bring in more than 8, Hong Kong investment chief says

Hong Kong Investment Corporation head Clara Chan explains her strategies at Nusa Dua Forum organised by SCMP and Indonesia’s sovereign wealth fund Danantara.

Advertisement
Advertisement
Advertisement
Wealth management

European wealth turns to Hong Kong as 30 family offices eye operations

Wealthy European families are looking to Hong Kong as a base for Asian investments, drawn by tax incentives and new growth opportunities.

Hong Kong’s family office sector has expanded rapidly in recent years. Photo: Jelly Tse
Wealth management

Hong Kong gazettes tax break for fund manager bonuses to boost wealth hub role

The tax reform bill, which the government expects will attract talent to the city, is set to be read by lawmakers on June 24.

Wealth management

Hong Kong’s proposed fund talent tax break set to sharpen edge over Singapore

Incentive will give Hong Kong the lowest tax rate globally for fund managers whose income is largely driven by performance fees, sources say.

Banking & finance

Family offices eye shifting assets from North America to China, survey finds

Privately run firms managing investments of wealthy families showing ‘growing interest’ in China, UBS report says.

4
Chinese 100-yuan banknotes at a branch of China Merchants Bank in Hefei, Anhui province. Photo: Reuters
Wealth management

Why Singapore wealth-tech firms pick Hong Kong as their first overseas market

Chocolate Finance joins Syfe and Endowus in targeting the city’s wealthy population and idle savings.

People cross a street in Central on October 20, 2025. Photo: Jonathan Wong
Wealth management

How the Middle East war is boosting family offices, private banking in Hong Kong

Conflict prompts rich investors to diversify, boosting Hong Kong’s role as a hub for family offices and private banking.

Banking & finance

Hong Kong reasserts role as safe haven in global finance amid Iran conflict

The city’s safe-harbour appeal for capital and investments grows as China’s support strengthens its edge while Dubai faces pressure.

Wealth management

Hong Kong a ‘safe harbour’ for family wealth as global tensions rise: officials

City provides a stable platform for growth and deployment of capital amid ‘uncertainty and conflicts’, Financial Secretary Paul Chan says.

Financial Secretary Paul Chan speaks at the Wealth for Good in Hong Kong Summit gala dinner on Tuesday evening. Photo: Handout
Wealth management

Hong Kong family office summit draws Pop Mart billionaire among global guests

City is ‘strong and unwavering’ as wealth management hub, Chief Executive John Lee says to kick off fourth Wealth for Good summit.

Chief Executive John Lee speaks at the principal dinner of the Wealth for Good in Hong Kong Summit on Monday evening. Photo: Handout
Banking & finance

Middle East banks eye Hong Kong as ‘safe haven’ amid Iran threats: InvestHK head

Investment-promotion agency is helping a couple of Middle East banks set up in the city and fielding more inquiries since the war started.

Banking & finance

Hong Kong’s Wealth for Good Summit to highlight AI, robotics opportunities

Fourth edition of summit comes as Hong Kong pursues goal of attracting 220 additional family offices by 2028.

Advertisement
Advertisement
Advertisement
Banking & finance

Deutsche Bank bets on Hong Kong boom as Asian billionaires look beyond US assets

Hong Kong is becoming a focal point for Asian billionaires seeking to pivot away from US exposure, Deutsche Bank’s private bank says.

Claudio de Sanctis, head of Private Banking at Deutsche Bank. Photo: Sun Yeung
Banking & finance

Hong Kong family offices take long view despite Iran war, HKMA affiliate says

Survey shows family offices expanding risk management while maintaining strong investment exposure to Hong Kong and Asia.

Mergers & Acquisitions

Investment firms remain upbeat on deals despite geopolitical tensions, bankers say

Private equity, sovereign funds and family offices are sitting on record stocks of dry powder even as geopolitical risks cloud the global outlook.

Hong Kong property

Hong Kong, Sydney or Dubai? Prime real estate investors take their pick

Rich buyers are reshaping ultra-luxury property markets from Sydney and Hong Kong to Dubai, drawn by each city’s unique selling proposition.

Illustration: Henry Wong
Banking & finance

Middle East tensions set to strengthen Hong Kong as a gold and wealth hub

Expanding gold vault capacity and new tax incentives for family offices are part of Hong Kong’s broader push to attract global wealth.

The Hong Kong Gold Exchange kicked off the Year of the Horse with its traditional Lunar New Year opening ceremony in Sheung Wan. Photo: Dickson Lee
Wealth management

Hong Kong to expand tax waivers for family offices, pension fund investment

The government will submit a bill by June to add more tax-exempt products and funds, including gold and digital assets, a minister says.

Hong Kong budget 2026-27

Hong Kong seeks to hone edge as offshore yuan hub, digital-asset front runner

Market participants largely welcome Paul Chan’s renewed push to strengthen Hong Kong’s position as an international financial centre.

Hong Kong

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.

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

Hong Kong’s US$8 billion wealth fund eyes fintech, aerospace and AI for growth

The Hong Kong Investment Corporation will use the city’s advantages amid global competition, geopolitical challenges, CEO Clara Chan says.

The Hong Kong Investment Corporation made HK$2.34 billion in investment income in 2024, according to its annual report released in December. Photo: Jonathan Wong
Banking & finance

FSDC urges Hong Kong to focus on Africa-Asia financial corridor

City can unlock opportunities providing capital for companies and Belt and Road Initiative infrastructure projects, advisory council says.

Stocks

Macroscope | Why Asian family businesses are pivoting to private equity

Family firms, the backbone of the Asian economy, have tended to be reluctant to go public but are increasingly open to private equity funding.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement