Hong Kong Wealth Hub Gainsfrom China Ties and Financial Reforms

Hong Kong’s wealth management hub continues to strengthen as it leverages deep financial ties with mainland China and benefits from ongoing economic reforms, officials and industry leaders said at a forum. Speaking at the South China Morning Post’s “Next Generation Wealth” event, panellists highlighted Hong Kong’s position within the Greater Bay Area and its role as an offshore centre for mainland capital and innovation. Assets under management reached HKD35tr (USD4.5tr) in 2024, driven by rising family office activity, with over 2,700 single-family offices now established in the city. Officials said Hong Kong plans to extend tax concessions to cover carbon credits and digital assets, reinforcing its development into a global hub for sustainable and digital finance.