Middle East Tensions May Boost Hong Kong Family Office and Gold Hub Push

Hong Kong family office gold hub ambitions may benefit from escalating Middle East tensions as investors consider shifting assets away from the region, analysts said.

Market strategist Kenny Tang said Hong Kong could attract funds that might otherwise flow to Dubai, citing the city’s deep capital markets and free capital flows.

The Hong Kong family office gold hub strategy follows the government’s latest budget pledging tax incentives for bullion trading, expanded vault capacity and a gold clearing system.

Hong Kong Gold Exchange chief executive Brian Fung said travel disruption and logistics risks around Dubai could redirect flows to Hong Kong and Singapore.

Authorities aim to raise gold storage capacity to more than 2000 tonnes within three years.