Hong Kong Touts Edge as Family Office Hub in New FSDC Campaign

Asia First
5 days ago
1 min read

Hong Kong is intensifying efforts to market itself as a global family office hub through a new Financial Services Development Council (FSDC) campaign promoting the city as “where money comes to grow”. The four-part short-form series highlights low taxes, free capital flows and a common-law system that policymakers say anchor its role as Asia’s leading financial centre and cross-border wealth-management base. The FSDC projects that Hong Kong could manage about USD2.9tr in cross-border assets and already hosts around 12,500 ultra-high-net-worth individuals and 2,700 single-family offices. Officials cite deep market liquidity, its offshore renminbi platform and expanding regulation of digital assets and Web3 as levers to attract more global capital and reinforce the city’s status as a regional base for family wealth.