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Family offices

Pre-conference dinner of the 2024 Family Business Summit at the Four Seasons Hotel on November 15, 2024. Photo: Jonathan Wong.

Hong Kong’s family business event wraps up with talk on US-China ties

The second day of the by-invitation event kicked off with a discussion about opportunities in Asean with Malaysia at the helm.

3 hours ago

2024 FBS Summit: Hong Kong event gathers family business owners

16 Nov 2024 - 10:08PM

Swiss unicorn makes green investment pitch to Hong Kong investors

4 Nov 2024 - 7:30AM

Exclusive | China’s ‘long-term growth story’ draws European family offices to Hong Kong

Wealthy European families approve of Hong Kong’s family office-friendly policies, says wealth-management CEO of French bank BNP Paribas.

21 Oct 2024 - 7:30AM

Hong Kong Island’s central business district, photographed from the Hong Kong Monetary Authority headquarters in the International Finance Centre on October 18, 2024. Photo: Jelly Tse

Rockefeller, Middle East tycoons set for Hong Kong’s global family office forum

Standard Chartered to kick off its inaugural global family office forum in Hong Kong as the city enhances its role in the region.

15 Oct 2024 - 8:40AMvideocam

Hong Kong tycoon Peter Lee looks for good karma in green investments

The Towngas chairman and devout Buddhist hopes to create a more sustainable future through his family office investments.

17 Oct 2024 - 3:32PM

Government teams with Bloomberg to promote city as family office hub

The Hong Kong government and Bloomberg will stage events related to family offices.

10 Oct 2024 - 11:01AM

Hong Kong from above. Photo: SCMP/Sun Yeung

Dunhill’s Family Office Network to set up in Hong Kong

The network is considering locations around Asia to set up a social clubhouse to host in-person events for its members, with Hong Kong being a potential location.

6 Oct 2024 - 4:43PM

Insiders say running a Hong Kong family office is a delicate balancing act

‘Emotion stays away from the boardroom. That’s critical,’ says Mahesh Harilela.

4 Oct 2024 - 6:45PM

Hong Kong has to work harder to maintain family office hub status: official

Hong Kong is set to surpass Switzerland as the top cross-border wealth management hub by 2027-28, but must stay competitive, says Joseph Chan.

7 Oct 2024 - 2:06PM

Hong Kong is home to more than 2,700 single-family offices, with more than half of them founded by individuals whose wealth exceeds US$50 million. Photo: Getty Images

Banks set to prosper as Hong Kong expands wealth, fintech opportunities

Hong Kong’s efforts to regain its top hub status will prosper lenders as opportunities abound in wealth and fintech sectors and the bay area.

27 Sep 2024 - 6:41PM

Panelists at the Hong Kong Institute of Bankers conference on September 27, 2024. Photo: Jonathan Wong

Wrise expands in Hong Kong after seeing more rich clients opening family offices

Wrise, a wealth management platform, has expanded in Hong Kong after seeing an increase in rich clients setting up family offices.

19 Sep 2024 - 2:00PM

Asia-Pacific family offices show ‘bullishness’ in equities, bonds: Citigroup

Some 68 per cent of respondents in Asia-Pacific raised their allocations to stocks, highest among all regions.

18 Sep 2024 - 8:00PM

Hong Kong to grow family office businesses for philanthropy: John Lee

City can provide philanthropists with wealth management tools and channel their resources into initiatives, Lee adds.

9 Sep 2024 - 9:27PM

Hong Kong Jockey Club’s Philanthropy for Better Cities Forum included guests such as Chief Secretary Eric Chan (seventh from the left, front row). Photo: Elson Li

Asia-Pacific to outpace all regions as family offices expand by 2030: Deloitte

Single family offices in Asia-Pacific could increase by 40 per cent to 3,200 by 2030, outpacing growth in North America and the nascent Middle East market, a Deloitte Private report shows.

4 Sep 2024 - 12:00PMvideocam

A view of Tokyo from the Bunkyo Civic Center Observation Deck on August 14, 2024. Photo: AFP

Hong Kong still magnet for rich despite Dubai prince family office saga: experts

Middle East expert says affair leaves a ‘bad taste’ in Dubai and Hong Kong, but financial hub can still attract investment from region.

19 Jul 2024 - 8:30AM

Family office operators in Hong Kong plan US$100 million capital-investment fund

Wings Capital has teamed up with other family offices in the city to set up a fund that will invest for CIES applicants, partner Cliff Ip says.

21 Jul 2024 - 12:20AM

Elder scion of Hong Kong’s wealthiest clan mulls a family office

Hong Kong has attracted more than HK$10 billion (US$1.3 billion) under the four-month-old cash-for-residency scheme, as the city pushes ahead with its family office hub ambitions.

11 Jul 2024 - 10:32AM

Visitors to The Peak enjoying views of Hong Kong Island and the Kowloon peninsula. Photo: May Tse

Finance firms expand services for rich clients, tout city’s family office push

Sun Life has teamed up with medical services operators to capture high-net-worth customers in the Greater Bay Area, while Hang Seng Bank added new features for its Prestige customers.

3 Jul 2024 - 6:21PM

Exclusive | Hong Kong to host summit in September to promote city as hub for family offices

The summit marks The Hong Kong Academy for Wealth Legacy’s latest effort to promote the city as a hub for wealthy families to pursue investments, establish succession planning and support various charities.

1 Jul 2024 - 10:00AM

Hong Kong charm works in attracting more family offices than Singapore

Hong Kong has overtaken Singapore in terms of number of single family offices operating in the city, a senior government official said.

24 Jun 2024 - 6:39PM

Deputy Financial Secretary Michael Wong, speaking at Hong Kong Investment Funds Association 17th Annual Conference, at JW Marriott in Admiralty on June 24, 2024. Photo: Jonathan Wong

Signboard for Dubai prince’s Hong Kong family office no longer on display

Dubai-based protocol chief Marco Carenzi last week said the office’s CEO, Eleanor Jane Mak, had no ‘power of representation’ after she gave Post interview.

29 May 2024 - 4:37PM

Sheikh Ali Al Maktoum made headlines after he called off the inauguration ceremony for his office at the eleventh hour in March due to “some urgent unexpected private matters”. Photo: Yik Yeung-man

Hong Kong homes in on Middle East, Indonesia to attract family offices

The Middle East and Indonesia are the next targets for Hong Kong to attract family offices, but more needs to be done to bolster the city’s status as a global family office hub, according to an InvestHK executive.

28 May 2024 - 1:22PM

Exclusive | HSBC eyes synergies in Asia wealth management, family offices after robust gains

‘Our ambition is to grow beyond just our domestic markets,’ says Maggie Ng, head of wealth and personal banking in Hong Kong. Many HSBC customers see Hong Kong and Singapore as complementary rather than competitors, she adds.

27 May 2024 - 4:06PM

Exclusive | Head of Dubai prince’s Hong Kong office ‘not authorised to talk’ on his behalf

Post receives statement from Dubai-based head of protocol and security management a day after publishing interview with Eleanor Jane Mak.

23 May 2024 - 12:15AM

Eleanor Jane Mak joins Sheikh Ali Rashed Al Maktoum at a event in Hong Kong in March. Photo: Yik Yeung-man

Global family office foundation chooses Hong Kong as regional base

The Asian Family Legacy Foundation, which held its inauguration ceremony in Hong Kong on Wednesday, considers the city an ideal location for family offices to get together to carry out their missions in charity work and cultural exchanges.

22 May 2024 - 7:10PM

Hong Kong is ‘a prominent and vibrant city for building family legacies,’ says chairman of the Asian Family Legacy Foundation. Photo: Jelly Tse

Family offices pile into bonds to rebalance their portfolios: UBS survey

Their allocation to developed-market bonds increased by the most in five years to 16 per cent, bringing back a greater balance between fixed income and equities, according to a global survey by the Swiss bank.

22 May 2024 - 4:17PM

‘Lawful’ capital welcome in Hong Kong, minister says as Dubai prince due to return

Treasury chief Christopher Hui says city has variety of policies and strategies to attract institutions to establish family offices.

22 May 2024 - 4:01PM

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Family offices

Family offices are corporations established by wealthy individuals or families to pursue investment, philanthropy and succession planning. Hong Kong has more than 2,700 single-family offices, with each managing between US$10 million and US$100 million. The Hong Kong government has announced tax incentives and investment migration schemes to attract such corporations in an effort to turn the city into a regional hub.

last updated:

2 October, 2024