Middle East Family Offices Shift Capital to Hong Kong and Asia Amid Tensions

Middle East family offices are increasingly shifting capital toward Hong Kong and broader Asia as geopolitical tensions drive diversification away from the conflict zone.

HSBC Private Bank said some affluent Middle Eastern families are using Asia as part of global portfolio diversification, with Hong Kong benefiting from its role as a gateway to mainland China.

HSBC’s wealth balances in Asia rose 16.3% to USD1.05tr last year, reflecting sustained inflows.

Market participants noted that Middle East family offices are attracted by Hong Kong’s deal flow, China access and tax incentives.

The city had more than 3,380 family offices at end-2025, having attracted 680 over the previous two years, reinforcing its position as a regional wealth hub.