Hong Kong is drawing fresh interest from global family offices, with about 160 preparing to set up or expand in the city, Financial Services and the Treasury Secretary Christopher Hui said, as geopolitical tensions prompt wealthy investors to look for stability and diversification in Asia.
Hui said enquiries and site visits from family offices around the world had risen, signalling stronger interest in Hong Kong as an international financial centre and wealth management hub.
He said the city’s appeal lies in its connectivity, stability and role as a gateway for capital, factors that have become more important as investors navigate an uncertain global environment.
The comments add to Hong Kong’s push to position itself as a leading centre for ultra-high-net-worth individuals and family offices, as it competes with regional wealth hubs such as Singapore and, increasingly, Dubai.
Authorities have been trying to attract more private capital by promoting the city’s regulatory framework, financial infrastructure and access to mainland China.
Hui said Hong Kong’s status as a safe and stable market had been underscored by recent geopolitical events, making it an attractive base for investors seeking security and certainty while maintaining exposure to Asia’s growth opportunities.
Family offices, which manage the wealth of the very rich, have become an increasingly important target for financial centres seeking longer-term pools of capital.
Their presence can drive demand for private banking, asset management, legal, tax and advisory services, while also deepening local capital markets through direct investments and partnerships.
Hong Kong has in recent years stepped up efforts to rebuild momentum in its financial sector after facing economic and political headwinds, and officials have repeatedly highlighted family offices as a key segment in that strategy.
Hui’s remarks suggest those efforts are beginning to gain traction, even as competition for global wealth intensifies across Asia and the Middle East.
