Hong Kong’s Financial Services and the Treasury Bureau announced that Invest Hong Kong has facilitated more than 200 family offices to set up operations or expand in Hong Kong, completing ahead of schedule the Government’s target of attracting no fewer than 200 family offices by the end of 2025. The update links the milestone to the Government’s March 2023 policy statement on family offices and asset owners, which set out eight measures including tax concessions, the New Capital Investment Entrant Scheme (New CIES) and the establishment of the Hong Kong Academy for Wealth Legacy. InvestHK’s FamilyOfficeHK team expanded its role and launched a Network of Family Office Service Providers, alongside overseas promotion and family-office themed events. The Government also enhanced the New CIES in March so that, among other changes, qualifying investments made through a private company wholly owned by an applicant and managed by an eligible single family office can count toward eligible investment value. The announcement notes that the “over 200” figure excludes family offices that established in Hong Kong without InvestHK facilitation; it also cites end-2024 figures showing total assets under management above 35 trillion, up 13% year-on-year, and net fund inflows rising by over 80% to 705 billion. Looking ahead, the Government said it will further enhance preferential tax regimes for funds, single family offices and carried interest, while InvestHK will continue outreach and work with industry bodies and its service-provider network to deepen international collaboration.

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