Xu Zhengyu: Striving to assist no fewer than 220 additional family offices in establishing or expanding their operations in Hong Kong between 2026 and 2028.

Zhitong Finance APP has learned that on October 23, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said in his speech at the Hong Kong Economic Times Wealth Management Awards Ceremony 2026 that currently, global investors are actively seeking diversified asset allocation. Hong Kong is attracting an increasing number of ultra-high-net-worth individuals and family offices to settle and invest in the city. On family offices, there are currently more than 3,380 single family offices operating in Hong Kong, and it is estimated that operating expenses alone have brought about HK$12.6 billion in benefits to the Hong Kong economy each year, directly employing more than 10,000 full-time professionals. Efforts will be made to assist no fewer than 220 additional family offices in establishing or expanding their businesses in Hong Kong between 2026 and 2028.