European family offices are increasingly drawn to Hong Kong due to the city’s favorable policies and the growth potential of China, according to BNP Paribas’ global wealth management CEO, Vincent Lecomte.
He highlighted Hong Kong’s attractive environment for family offices, citing tax incentives and migration schemes as key factors.
Lecomte emphasized that family offices are vital for managing investments, wealth transfer, and philanthropic efforts across generations, and Hong Kong’s recent initiatives provide a stable framework for long-term growth. In his annual policy address,
Hong Kong Chief Executive John Lee Ka-chiu announced plans to further expand tax concessions for single-family offices and adjust the Capital Investment Entrant Scheme to include residential property investments.
