"Family Office Guide" released today, Xu Zhengyu: Aim to attract 220 more family offices to come to Hong Kong.

Bloomberg, the Financial Services and the Treasury Bureau of Hong Kong, and the InvestHK jointly released the "Family Office Playbook," providing comprehensive guidance for family offices intending to establish or expand operations in Hong Kong. On the 9th, the Financial Secretary of Hong Kong, Paul Chan, mentioned in his column "Treasury Forum" that InvestHK has assisted over 200 family offices in setting up or expanding their businesses in Hong Kong, achieving the goal set in the 2022 Policy Address ahead of schedule and setting a new target to attract 220 more family offices to Hong Kong between 2026 and 2028. This will further strengthen Hong Kong's position as a global asset and wealth management center, injecting new vitality into the economy. The "Playbook" provides practical advice for family offices in various key areas such as regulation, financial markets, and operational environment in Hong Kong. It includes valuable experiences from local and global leading family offices, focusing on strategy formulation, regulatory environment navigation, investment management, operational efficiency, succession, and philanthropy. Director-General of InvestHK, Stephen Phillips, stated that Hong Kong attracts international professional talents, has a deep understanding of the mainland Chinese market, and has always been the preferred location for global family offices and asset owners as a strategic gateway connecting East and West. He believes that the "Playbook" can help various sectors to better understand that Hong Kong is the ideal choice for family offices to settle. Financial Secretary Paul Chan announced today (9th) the release of the "Treasury Forum" blog, stating that the "Family Office Playbook" was officially launched today and celebrating the first anniversary of the strategic cooperation program between the Financial Services and the Treasury Bureau and Bloomberg - the "Hong Kong Family Office Nexus." Chan continued to explain that the recently released "Family Office Playbook" is a comprehensive guide tailored for family offices, providing a clear roadmap for those planning to settle in Hong Kong or expand their existing businesses. It covers practical advice from strategy formulation, regulatory environment navigation, to investment management, operational efficiency, and succession and philanthropy. This is not just a guide, but also a sincere invitation from Hong Kong to global family offices to come and explore opportunities here. He stated that the "Hong Kong Family Office Nexus" has become a powerful engine driving the development of the family office ecosystem in Hong Kong since its launch a year ago. The Digital Knowledge Center has recorded over 4,000 views, reflecting Hong Kong's strong appeal in the global wealth management field. At the same time, the Wealth Management Institute of Hong Kong, which celebrated its second anniversary, has hosted over 20 capacity-building events, attracting over 3,100 family wealth owners and next-generation leaders.