Hong Kong Family Offices Key to Financial Hub Ambitions, Says Paul Chan

Hong Kong family offices are central to the city’s ambition to strengthen its global financial hub status, Financial Secretary Paul Chan said.

He outlined plans for Hong Kong to become at least the world’s second-largest international financial centre within 10 to 15 years.

The expansion of Hong Kong family offices is expected to support diversification beyond equities into fixed income, currencies, green finance and sustainable investments.

Chan also highlighted rising mainland wealth and offshore allocation demand as major drivers for asset and wealth management growth, reinforcing Hong Kong’s gateway role for regional and global capital flows.