Hong Kong Treasury Department: About 150 family offices have indicated they are either preparing or have already decided to establish or expand their businesses in Hong Kong.

According to the Wisdom Financial APP, on July 30, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, stated in response to questions from legislators that the Hong Kong government is actively promoting the development of family offices, enhancing the development advantages of asset and wealth management and related professional sectors in Hong Kong. The government has been maintaining close communication with the family office industry to understand its development needs. The Family Office Team of the Hong Kong Investment Promotion Agency (dedicated team) has assisted 50 family offices in setting up or expanding their businesses in Hong Kong in the first five months of 2025, an increase of 19% compared to the same period last year. Additionally, about 150 family offices are preparing or have already decided to set up or expand their businesses in Hong Kong.