Hong Kong family office policy must continue to evolve if the city is to remain competitive even after rolling out a new framework and what Andrew Weir described as “excellent” tax concessions. The Financial Services Development Council vice-chairman said global competition remains intense and Hong Kong cannot stand still if it wants to attract more family offices as part of a broader financial ecosystem. He said the city has taken a “quantum step forward” over the past year

Asia family office hubs are accelerating their professionalisation as newly wealthy entrepreneurs establish dedicated organisations and compete for experienced talent, according to a compensation benchmark report by KPMG Private Enterprise and recruiter Agreus. The study was based on an online survey of 585 family-office professionals ranging from personal assistants to principals, alongside 20 in-depth interviews with senior leaders worldwide. Singapore and Hong Kong continu