Hong Kong Family Business Succession Push Targets Asia’s Wealth Transfer

Hong Kong family business succession services are becoming a greater focus as the city seeks a larger role in Asia’s generational transfer of family wealth and cross-border assets.

Financial Services Undersecretary Joseph Chan said Hong Kong’s legal system, capital mobility, low-tax regime and links with mainland China provide a strong base for wealthy families managing global portfolios.

At a South China Morning Post conference, speakers said younger family members are increasingly looking to diversify investments into emerging markets and sectors such as artificial intelligence and green technology.

Gaw Capital Partners managing principal Christina Gaw said family investors were also targeting more traditional cash-generating sectors, including shipping, alongside opportunities connected with the energy transition.

The changing investment preferences underline how succession involves not only transferring ownership but also reshaping portfolios as younger generations take greater responsibility for family capital and pursue different investment opportunities.