

Asia’s Ultrawealthy Boost China Exposure Amid AI Boom and Falling Rates
Asia’s ultrawealthy AI investment strategies are shifting toward Chinese equities to capture gains from an AI-led market rally and easing interest rates, private bankers say. Confidence has improved since Q2 2025 on resilient activity, AI-driven earnings and renewed rate cuts despite US-China trade frictions. Wealth-X estimated that regional fortunes of individuals worth USD30m or more rose 10% in the first half, lifting risk appetite. Capital flows are gravitating toward Hon
Oct 22


Most Family Offices Not Ready for Succession, Ocorian Survey Finds
Family office succession planning remains a major challenge globally, with most firms still unprepared for generational transition, according to a new Ocorian survey. Only 23% of respondents said they were fully ready for succession, while 99% of employees and advisers agreed more preparation is needed. About 91% observed a natural handover of wealth and leadership, while 3% did not and 6% were unsure. Generational divides are evident: 85% said next-gen approaches differ from
Oct 21


Singapore Family Office Incentives Under Review Amid Chen Zhi Investigation
Singapore family office incentives are under scrutiny as authorities review a 2018 vehicle linked to Prince Holding Group chairman Chen Zhi, following his indictment in the US for allegedly directing a cyber-fraud network. Thailand’s Cyber Crime Investigation Bureau said it will coordinate with US agencies on potential asset seizures, while Singapore police are reviewing the case with overseas counterparts. US officials have seized around USD15bn in bitcoin, while the UK froz
Oct 21


Asian Family Offices Turn to Semi-Liquid Alternatives for Yield and Flexibility
Asian family offices are increasingly allocating to semi-liquid alternatives such as private credit and secondaries to enhance returns and manage risk, according to Singapore-based multi-family office First Capital Global Management (FCGM). Lili Wang, the firm’s head of alternative investments, said FCGM is evaluating two private credit funds in Asia and the US and prioritises flexible, cash-generating structures with high single-digit yields. Alternatives now make up around
Oct 20


Family Offices Leverage Use Rises to Capture Deals, Says Deutsche Bank
Family offices leverage strategies are expanding as ultra-wealthy investors adopt more sophisticated financing to capture opportunities and manage risk, according to a Deutsche Bank report. Over half of the 209 family offices surveyed by Germany’s largest lender view leverage as a key part of their investment approach, with real estate cited as the most common reason for increased borrowing in the past year. The report said family offices are better prepared than in previous
Oct 17


Hong Kong Family Office Growth Accelerates as City Sharpens Global Pitch
Hong Kong family office growth continues as regulators and wealth managers intensify efforts to serve increasingly sophisticated investors shifting allocations toward private markets and global diversification. The city now counts more than 2,700 single-family offices as of September 2025, after meeting its 2022 goal to attract at least 200, and aims to bring in another 220 between 2026 and 2028. Raffles Family Office, led by group CEO Chi Man Kwan, is expanding into the Midd
Oct 15


Malaysia Family Office Tax Incentives Expected to Generate USD2.5bn Impact
Malaysia family office tax incentives could deliver up to MYR10.7bn (USD2.5bn) in economic benefits, according to Juwai IQI Global Wealth Office head Haroon Anwar. The new package aims to attract single-family offices (SFOs) with assets of at least MYR30m, a threshold below Hong Kong’s and far under Dubai’s MYR211m. It requires MYR500,000 in annual domestic spending and offers up to 20 years of 0% income tax plus exemptions on stamp duty and capital gains. Anwar said long-ter
Oct 14


Lioner Hong Kong Leadership Strengthened With Gary Mak Appointment
Lioner Hong Kong leadership has been bolstered with the appointment of Gary Mak as general manager, reinforcing Lioner International Group Ltd.’s growth strategy in Asia. The firm, which offers insurance, trust, and family office services, said Mak will oversee Hong Kong operations, focusing on sales strategy, advisor engagement, and expansion into Asia’s wealth hubs. With more than 20 years of experience at Fubon Life, AXA, MetLife, and New York Life, Mak brings strong exper
Oct 14


Global Family Offices in Hong Kong Discuss Wealth Trends and Innovation
Global family offices in Hong Kong gathered at the sixth World Family Office Forum | Asia, which opened on 9 October at the Ritz-Carlton Hong Kong. The two-day event, hosted by Connect Group, convened family principals, office leaders, and investors for closed-door discussions on wealth, governance, and innovation. The forum focuses on multigenerational succession, global investment trends, venture capital, digital assets, and impact investing. Sessions also explore cybersecu
Oct 13


Raffles Family Office CEO Says Multi-Family Offices Can Drive Global Impact
Raffles Family Office CEO Kwan Chi-man said that multi-family offices can leverage their scale to become influential market players and create lasting global impact. Speaking at the firm’s annual forum in Hong Kong, he noted that these organisations can expand assets under management, nurture local talent, and strengthen Hong Kong’s reputation as a top wealth management hub. Raffles Family Office also plans to broaden its Middle East presence and will host its first family of
Oct 13


Hong Kong Family Office Incentives Expanded to Attract Global Wealth
Hong Kong family office incentives are being expanded as the city steps up its efforts to attract global wealth and strengthen its financial ecosystem. Financial Services Secretary Christopher Hui announced that new legislation will be introduced next year to extend tax concessions to carbon credits and digital assets, while also expanding eligible investments to private credit. Hong Kong aims to help 220 family offices establish or expand operations between 2026 and 2028, su
Oct 10


Family Offices Convene In Hong Kong For Two-Day Private Forum
The World Family Office Forum Asia opens on 9–10 October at The Ritz-Carlton Hong Kong, bringing together family principals, single and multi-family office leaders, and advisers for two days of private discussions focused on governance and investment strategy. The event, organised by Connect Group, aims for at least 70% participation from family offices to ensure peer-led dialogue. The sixth edition will feature sessions on global investment trends, public market allocations
Oct 9


Lawrence Ho’s Family Office Opens iRad Hospital In Macau
Black Spade Capital, the family office of Melco Resorts chairman Lawrence Ho, has opened the 15,000-square-foot iRad Hospital inside Studio City in Macau — the world’s first integrated resort hospital equipped with MRI and CT scan facilities. The iRad Hospital project marks a significant milestone for Lawrence Ho’s family office as it aligns with Macau’s “1+4” economic diversification strategy to develop non-gaming sectors such as healthcare, tourism, and innovation. The faci
Oct 9


Raffles Family Office Strengthens Hong Kong Team with Senior Hires
Raffles Family Office has strengthened its Hong Kong presence with the appointments of Michael Tung as Managing Director and Jennie Liang...
Oct 8


Hong Kong Wealth Hub Gainsfrom China Ties and Financial Reforms
Hong Kong’s wealth management hub continues to strengthen as it leverages deep financial ties with mainland China and benefits from...
Oct 7


Indies Capital Raises USD300m for Southeast Asia Private Credit Fund
Indies Capital private credit strategy gained momentum as the Singapore-based firm closed its fourth fund, Indies Special Opportunities...
Oct 6


Hong Kong Cross-Border Wealth Set to Overtake Switzerland at USD2.9tr
Hong Kong cross-border wealth is rebounding strongly and is poised to surpass Switzerland in 2025, with USD2.9tr projected by year-end,...
Oct 3


Malaysia Family Office Framework Courts Wealthy Families with Tax Incentives
Malaysia family office framework is gaining traction as part of its ambition to be a regional wealth hub, anchored in the Forest City...
Oct 3


Singapore Family Office Tax Rules to Be Eased Amid Global Competition
Singapore family office tax rules will be eased to attract more global wealth as rival hubs such as Hong Kong, Dubai and Malaysia step up...
Oct 2


Singapore Entrepreneurial Wealth Relocation Tops HSBC Global Ranking 2025
Singapore entrepreneurial wealth relocation ranked first globally in HSBC’s Global Entrepreneurial Wealth Report 2025, as entrepreneurs...
Oct 1







