Asia Wealth Transfer Fuels Hong Kong Family Office Push

Hong Kong family office push momentum is set to continue into 2026 as wealthy Asian families use the city for succession planning and portfolio diversification, Bank of Singapore Hong Kong CEO Rickie Chan said.

Chan cited government incentives and stronger markets, noting the OCBC banking unit met its target of 50% growth in assets under management in September 2025, a year ahead of plan.

Demand is rising as Asia-Pacific families prepare for an estimated USD3.4tr intergenerational wealth transfer through 2030, he said, citing McKinsey.

Hong Kong has attracted more than 200 new family offices since 2023 and is targeting another 220 by 2028, while the Hang Seng Index gained 28% in 2025 and the city ranked as the world’s top IPO venue, reinforcing the Hong Kong family office push.