Hong Kong Budget Targets Family Offices With Tax and Digital Finance Push

Hong Kong budget family offices initiatives aim to strengthen the city’s appeal to global investors through tax expansion, infrastructure upgrades and digital finance development, according to IQ-EQ managing director Clare Chang.

She said widening eligibility to include funds-of-one and recognising assets such as digital tokens and precious metals reflects how wealthy families structure portfolios combining private equity, private credit, real assets and co-investments.

The Hong Kong budget family offices agenda also includes improved post-trade connectivity and the Hong Kong Monetary Authority’s tokenised-bond platform, which could shorten settlement times, although liquidity, custody standards and cross-platform integration remain key issues.