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

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