Hong Kong's Financial Services and the Treasury Bureau and Invest Hong Kong published findings from a Deloitte-conducted market study showing that more than 3,380 single-family offices were operating in Hong Kong at end-2025, up by about 680 over two years, representing growth of more than 25%. The study estimates these single-family offices contribute around HKD 12.6 billion a year to the local economy through operating expenditure and directly employ over 10,000 full-time professionals. The study also reports assets under management of approximately HKD 35 trillion as of end-2024, equivalent to about USD 4.5 trillion, and notes Hong Kong ranked second globally by number of ultra-high-net-worth individuals as of June 2025. The release highlights Hong Kong’s tax features and investment flexibility as factors of interest to overseas family offices, and notes that single-family offices are generally not required to obtain a licence in Hong Kong. The Government plans to introduce legislative proposals in the first half of 2026 to expand the scope of qualifying investments for preferential tax regimes available to funds and single-family offices, with examples including precious metals, loans and private credit investments, and digital assets. It also reiterated a target set out in the Chief Executive’s 2025 Policy Address to support more than 220 family offices to establish or expand operations in Hong Kong from 2026 to 2028.

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