A new report highlights the continued strength of Hong Kong’s family office sector, with 91% of surveyed family offices already investing in the city. The findings point to Hong Kong’s supportive regulatory environment, unrestricted capital movement, deep capital markets, and favourable tax system as key reasons for its appeal.
The study, released by the Hong Kong Institute for Monetary and Financial Research (HKIMR), the research division of the Hong Kong Academy of Finance, draws on a survey of 101 institutions, including both single- and multi-family offices, along with interviews with more than 30 industry participants such as academics, experts, and professional bodies.
According to the report, the surveyed family offices manage substantial wealth. More than 80% oversee at least $50 million in assets, while 44% manage portfolios exceeding $1 billion. Much of this wealth originates from Hong Kong, mainland China, and other Asian markets.
In terms of asset allocation, most respondents currently favour traditional investments, particularly equities and fixed income. However, interest in alternative assets is growing, with family offices increasingly exploring private markets and digital assets. Equities represent 91% of assets held, while money market funds account for 83%.
Looking ahead, the report suggests family offices will expand their exposure to private markets, with more than a third planning to increase allocations over the next three years. At the same time, philanthropic activity is expected to rise above 60%, and impact investing could reach 43%, reflecting a growing focus on generating social and environmental impact alongside financial returns.
The study also identifies a rising demand for risk management solutions, driven by wealth preservation priorities and market volatility. Over the next three years, the proportion of family offices purchasing investment-related risk products in Hong Kong is projected to increase from 54% to 78%, while non-investment risk management products could grow to 61%.
Despite geopolitical tensions globally, including in the Middle East, industry leaders suggest such developments rarely drive immediate relocation decisions for family offices. Instead, long-term factors such as Hong Kong’s financial infrastructure, professional talent pool, and established financial ecosystem remain central to its attractiveness.
Data from Invest Hong Kong indicates that the city hosted more than 3,380 single-family offices by the end of 2025, representing an increase of around 680 offices in two years, or growth of over 25%.
