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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.
Undersecretary for Financial Services and the Treasury Joseph Chan. Photo: SCMP
Wealth management

Can Hong Kong win the race to manage Asia’s next generation of wealth?

City courts next-generation wealth as family businesses reinvent themselves and deploy capital into new sectors and markets.

IPO

Forms Syntron draws Hong Kong’s next-gen tycoons in HK$940 million IPO

Banking & finance

Why Asian investors are pouring capital into brain tech and surgical robots

Mergers & Acquisitions

Macau tycoon Lawrence Ho’s family office targets space sector in de-SPAC deal

The business combination with Singapore-based Astrum Space could set the stage for a New York Stock Exchange debut by the end of the year.

Lawrence Ho Yau-lung, chairman of Melco Resort and Entertainment, speaks at the InterContinental Hong Kong in Tsim Sha Tsui. Photo: Jonathan Wong
Banking & finance

Asia’s super-rich are ‘going all in’ on sustainability as impact investing grows

Asian family offices putting more funds into sustainability projects – and adopting ‘systems-level’ approach to make greater impact, survey finds.

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.

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Banking & finance

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

For decades, Hong Kong has prospered by managing the wealth of Asia’s elite. Will that change as China introduces tougher offshore tax policies?

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Illustration: Dennis Yip
Wealth management

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

Soho China founder Pan Shiyi’s Cayman trust faces scrutiny as Beijing’s tax overhaul puts offshore wealth strategies in focus.

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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.

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.

BNP Paribas’ head of wealth management in Hong Kong, Lemuel Lee. Photo: SCMP/Jonathan Wong
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.

SCMP publisher Tam (left), HKIC chief Clara Chan and Blue Pool CEO Oliver Weisberg. Photo: Nora Tam
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.

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.

The measure is poised to make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses. Photo: Eugene Lee
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.

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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.

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.

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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.

Helping boost Hong Kong are a pegged exchange rate, free capital flows and support from China’s economic strength. Photo: Jelly Tse
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.

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.

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.

Smoke billows from a fire near Dubai International Airport on March 16, 2026. Photo: AFP
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.

Robotics is among the Chinese industries creating new investment opportunities as global investors reassess their global asset allocations. Photo: NurPhoto via Getty Images
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.

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.

Commentators remain broadly optimistic about the outlook, despite continuing tensions in the Middle East. Photo: Dickson Lee
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.

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.

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