https://www.scmp.com/rss/519875/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu The Middle East war has created new opportunities for family offices and private banking businesses in Hong Kong and Asia, as wealthy investors in the region seek to diversify their investments away from the conflict zone, according to industry players. Ida Liu, CEO of HSBC Private Bank, said some affluent Middle Eastern customers were diversifying into Asia. The bank is the largest wealth manager in Asia with US$1.05 trillion in wealth balances in Asia last year, up 16.3 per cent from a year... https://www.scmp.com/business/banking-finance/article/3351372/how-middle-east-war-boosting-family-offices-private-banking-hong-kong-and-asia?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351372/how-middle-east-war-boosting-family-offices-private-banking-hong-kong-and-asia?utm_source=rss_feed Mon, 27 Apr 2026 00:00:21 +0000 Zhang Shidong,Enoch Yiu Zhang Shidong,Enoch Yiu The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the third of a three-part series, we look at Hong Kong’s position as a stable base where demand for property has held firm despite the global turmoil. The seven-week military conflict in the Middle East will redefine Hong Kong’s role as a global financial centre,... https://www.scmp.com/business/china-business/article/3350634/hong-kong-reasserts-role-safe-haven-global-finance-amid-middle-east-turmoil?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350634/hong-kong-reasserts-role-safe-haven-global-finance-amid-middle-east-turmoil?utm_source=rss_feed Mon, 20 Apr 2026 02:30:10 +0000 Peggy Ye Peggy Ye Hong Kong is a stable base for global wealth as rising geopolitical tensions and economic uncertainties prompt wealthy families to rethink where they base their assets, according to Financial Secretary Paul Chan Mo-po. “We are living in a world marked by uncertainty and conflicts,” Chan said at the gala dinner of the Wealth for Good in Hong Kong Summit on Tuesday evening. “The rules-based international order is under strain. Some even say it has been ruptured.” Facing such a situation, investors... https://www.scmp.com/business/banking-finance/article/3347752/hong-kong-safe-harbour-family-wealth-global-tensions-rise-officials-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347752/hong-kong-safe-harbour-family-wealth-global-tensions-rise-officials-say?utm_source=rss_feed Tue, 24 Mar 2026 13:52:05 +0000 Themis Qi Themis Qi About 130 family office decision-makers and affluent second-generation members from across the world attended a dinner held by the Hong Kong government on Monday evening, including billionaire Pop Mart founder, chairman and CEO Wang Ning. The dinner set the stage for the fourth edition of the Wealth for Good in Hong Kong (WGHK) Summit, themed “Building Lasting Legacies”, which will take place on Tuesday, as the city promotes its capabilities as an international wealth management hub amid global... https://www.scmp.com/business/banking-finance/article/3347628/hong-kongs-family-office-summit-draws-pop-mart-billionaire-among-global-guest-list?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347628/hong-kongs-family-office-summit-draws-pop-mart-billionaire-among-global-guest-list?utm_source=rss_feed Mon, 23 Mar 2026 14:13:17 +0000 Enoch Yiu Enoch Yiu Middle East banks and wealthy investors are poised to increase their investments in Hong Kong amid geopolitical tensions to diversify their risk and capture growing opportunities in Asia, according to the head of InvestHK, the government agency tasked with attracting foreign investment. A couple of Middle East banks were in the process of setting up offices in Hong Kong with the help of InvestHK, said Alpha Lau Hai-suen, its director general. These additions would strengthen the city’s ties with... https://www.scmp.com/business/banking-finance/article/3347050/middle-east-banks-eye-hong-kong-safe-haven-amid-iran-threats-investhk-head-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347050/middle-east-banks-eye-hong-kong-safe-haven-amid-iran-threats-investhk-head-says?utm_source=rss_feed Thu, 19 Mar 2026 01:30:18 +0000 Cao Li Cao Li As innovations arise from the artificial intelligence, robotics and biotechnology sectors, holders of family capital from around the world will convene in Hong Kong to discuss such investment opportunities at the city’s fourth annual Wealth for Good Summit on March 23 and 24. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the summit would showcase Hong Kong’s position as a premier hub for family capital seeking long-term growth and multigenerational... https://www.scmp.com/business/article/3346393/hong-kongs-wealth-good-summit-highlight-ai-robotics-biotech-opportunities?utm_source=rss_feed https://www.scmp.com/business/article/3346393/hong-kongs-wealth-good-summit-highlight-ai-robotics-biotech-opportunities?utm_source=rss_feed Thu, 12 Mar 2026 11:33:36 +0000 Themis Qi Themis Qi Deutsche Bank is seeking to capitalise on wealthy investors across mainland China, Hong Kong, Taiwan and the Philippines who are looking to diversify away from US assets, as it pushes ahead with ambitious expansion plans in the region. Affluent investors from mainland China, Hong Kong, Taiwan and the Philippines – markets Deutsche Bank groups as “North Asia” – were becoming increasingly uneasy about their heavy exposure to US assets and were looking more closely at opportunities in Europe,... https://www.scmp.com/business/banking-finance/article/3346035/deutsche-bank-bets-hong-kong-wealth-boom-asian-billionaires-look-beyond-us-assets?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346035/deutsche-bank-bets-hong-kong-wealth-boom-asian-billionaires-look-beyond-us-assets?utm_source=rss_feed Tue, 10 Mar 2026 23:30:08 +0000 Julie Zhang Julie Zhang Hong Kong family offices are showing rising demand for risk-management products, services and advisory support amid growing geopolitical and market uncertainty, according to an affiliate of the Hong Kong Monetary Authority (HKMA). “We see a general trend that demand for risk-management products and services has been rising, and family offices are strengthening these functions year after year,” said Enoch Fung, CEO of the Hong Kong Academy of Finance and executive director of the Hong Kong... https://www.scmp.com/business/banking-finance/article/3346124/hong-kong-family-offices-take-long-view-despite-iran-tensions-hkma-affiliate-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346124/hong-kong-family-offices-take-long-view-despite-iran-tensions-hkma-affiliate-says?utm_source=rss_feed Tue, 10 Mar 2026 11:45:08 +0000 Aileen Chuang Aileen Chuang Private equity and other investment firms remain broadly optimistic about deploying capital in acquisitions and initial public offerings (IPOs) globally, supported by ample dry powder and diversification efforts while keeping a close eye on geopolitics, according to senior investment bankers. As geopolitical uncertainty had become a constant factor in the global market in recent years, “we are broadly optimistic about the opportunities”, Ashu Khullar, head of global asset managers at Citigroup,... https://www.scmp.com/business/banking-finance/article/3345981/investment-firms-remain-upbeat-deals-despite-geopolitical-tensions-bankers-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345981/investment-firms-remain-upbeat-deals-despite-geopolitical-tensions-bankers-say?utm_source=rss_feed Mon, 09 Mar 2026 09:45:08 +0000 Peggy Ye Peggy Ye From Sydney to Hong Kong, wealth migration is reshaping the global super-luxury property market as activity picks up after two subdued years – though the dominance of relative newcomer Dubai is now being tested by the war in the Middle East. In Sydney, Peter Li, general manager at Plus Agency, said commission revenues on super-luxury homes had risen about 20 per cent from a year earlier. The firm, which handles more than US$300 million in annual sales, has hired six new staff members since... https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed https://www.scmp.com/business/article/3345695/worlds-wealthy-relocate-rewriting-property-map-will-hong-kong-win-out?utm_source=rss_feed Sat, 07 Mar 2026 03:00:16 +0000 Enoch Yiu Enoch Yiu Escalating tensions in the Middle East could strengthen Hong Kong’s ambitions to become a global family office hub and gold trading centre, as wealthy investors reconsider their exposure to the region, industry figures say. “The war in the Middle East could benefit Hong Kong because wealthy individuals in the region may want to move part of their investments outside the conflict zone,” said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional... https://www.scmp.com/business/article/3345424/hong-kong-seen-haven-gold-and-family-offices-conflict-raises-risks-dubai?utm_source=rss_feed https://www.scmp.com/business/article/3345424/hong-kong-seen-haven-gold-and-family-offices-conflict-raises-risks-dubai?utm_source=rss_feed Thu, 05 Mar 2026 00:30:08 +0000 Enoch Yiu Enoch Yiu Hong Kong will expand its tax exemptions for operators of family offices and funds set up by international organisations, such as the Asian Infrastructure Investment Bank (AIIB), in line with efforts to promote the city as a wealth management hub, a minister told lawmakers on Monday. In a financial affairs panel meeting, Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, said the government would submit a bill to the Legislative Council within the first half of this... https://www.scmp.com/business/companies/article/3345119/hong-kong-expand-tax-exemptions-family-offices-aiib-and-pension-fund-investment?utm_source=rss_feed https://www.scmp.com/business/companies/article/3345119/hong-kong-expand-tax-exemptions-family-offices-aiib-and-pension-fund-investment?utm_source=rss_feed Mon, 02 Mar 2026 08:21:20 +0000 Aileen Chuang,Emily Hung Aileen Chuang,Emily Hung Hong Kong is aiming to sharpen its competitive edge as an offshore yuan hub, an asset and wealth management base, and a digital-asset front runner under Financial Secretary Paul Chan Mo-po’s budget released on Wednesday. Market participants largely welcomed Hong Kong’s renewed push to strengthen its position as an international financial centre, after Chan highlighted the city’s unique role in driving the yuan’s internationalisation and capital account opening. The initiative comes as Beijing... https://www.scmp.com/news/hong-kong/article/3344634/hong-kong-seeks-hone-edge-offshore-yuan-hub-digital-asset-front-runner?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/3344634/hong-kong-seeks-hone-edge-offshore-yuan-hub-digital-asset-front-runner?utm_source=rss_feed Wed, 25 Feb 2026 12:23:24 +0000 Themis Qi Themis Qi Hong Kong housed nearly 3,400 single-family offices by the end of last year, a 25 per cent rise in two years – contributing HK$12.6 billion (US$1.6 billion) annually to the economy – as the affluent refocused on the city amid US trade tensions and the rise of China’s tech sector, according to a report by Deloitte on Tuesday. The global auditing firm made the estimates after surveying 136 market participants across Hong Kong’s family office sector, including 85 single-family offices, whose wealth... https://www.scmp.com/business/banking-finance/article/3343031/hong-kong-family-offices-jump-25-wealthy-shift-focus-us-deloitte?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343031/hong-kong-family-offices-jump-25-wealthy-shift-focus-us-deloitte?utm_source=rss_feed Tue, 10 Feb 2026 07:20:05 +0000 Aileen Chuang Aileen Chuang The Hong Kong Investment Corporation (HKIC) is eyeing investments in fintech, aerospace and artificial intelligence, tapping the city’s strengths and a wave of incoming talent and enterprises as geopolitical shifts create new opportunities, according to its CEO. The city’s wholly owned investment vehicle, which manages HK$62 billion (US$8 billion) in funds, would look at these new sectors in addition to its other focus areas, “playing to Hong Kong’s advantages in the context of the global... https://www.scmp.com/business/banking-finance/article/3341515/hong-kongs-us8-billion-wealth-fund-eyes-fintech-aerospace-and-ai-growth?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341515/hong-kongs-us8-billion-wealth-fund-eyes-fintech-aerospace-and-ai-growth?utm_source=rss_feed Wed, 28 Jan 2026 06:48:09 +0000 Enoch Yiu Enoch Yiu Hong Kong should focus on connecting its capital markets with African financial centres so that companies and Belt and Road Initiative projects on the continent can raise funds in the city, according to a council that advises the government on development strategy. In addition to being a funding source for commercial enterprises and infrastructure projects, Hong Kong could be a place for wealthy Africans to set up family offices to manage their wealth, succession and charitable activities, the... https://www.scmp.com/business/banking-finance/article/3341345/hong-kong-must-invest-africa-asia-financial-corridor-government-adviser-fsdc-urges?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341345/hong-kong-must-invest-africa-asia-financial-corridor-government-adviser-fsdc-urges?utm_source=rss_feed Tue, 27 Jan 2026 06:30:08 +0000 Anthony Rowley Anthony Rowley There were plenty of fireworks in major stock markets during 2025. Wall Street plunged after US President Donald Trump’s “Liberation Day” tariff barrage, only to end the year near a record high while Tokyo’s Nikkei index surged through the 50,000 mark. It is little surprise that significant developments in private equity markets in and beyond Asia went largely unnoticed. Shareholder capitalism continues to evolve outside the headlines. The pace of change is accelerating in Asia especially, not... https://www.scmp.com/opinion/world-opinion/article/3339159/shareholder-capitalism-taking-asian-family-businesses-new-direction?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3339159/shareholder-capitalism-taking-asian-family-businesses-new-direction?utm_source=rss_feed Sat, 10 Jan 2026 08:30:09 +0000 Enoch Yiu Enoch Yiu Wealthy families will continue to use Hong Kong to set up family offices for succession planning and diversifying their investments in 2026, thanks to its vibrant market and government incentives, according to the Hong Kong CEO of Bank of Singapore. The bank, which is the private banking unit of Oversea-Chinese Banking Corporation (OCBC), has a bullish outlook after it reported very strong performance in 2025, according to Rickie Chan, who is also the bank’s head of private banking for Greater... https://www.scmp.com/business/article/3338709/hong-kong-gains-favour-platform-wealth-planning-family-offices-2026-bank-ceo?utm_source=rss_feed https://www.scmp.com/business/article/3338709/hong-kong-gains-favour-platform-wealth-planning-family-offices-2026-bank-ceo?utm_source=rss_feed Mon, 05 Jan 2026 23:30:09 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong Investment Corp (HKIC), the government’s investment arm, on Tuesday appointed 10 asset managers spanning venture capital, private equity, private credit and hedge funds to oversee at least HK$3 billion (US$385 million) under its enhanced cash-for-residency scheme. HKIC said in a statement that the new batch of managers for the investment portfolio under the New Capital Investment Entrant Scheme (New CIES) included Hong Kong-headquartered Value Partners, one of Asia’s largest asset... https://www.scmp.com/business/article/3334873/hong-kong-taps-value-partners-9-others-manage-us385-million-residency-scheme-fund?utm_source=rss_feed https://www.scmp.com/business/article/3334873/hong-kong-taps-value-partners-9-others-manage-us385-million-residency-scheme-fund?utm_source=rss_feed Tue, 02 Dec 2025 07:36:30 +0000 Cheryl Arcibal Cheryl Arcibal Prime office rents in Hong Kong and Singapore are expected to reach parity within two years, driven by diverging dynamics in demand and supply for office properties in the rival business hubs, according to CBRE. By the fourth quarter of 2027, tenants in premium office spaces in Hong Kong were set to pay just over US$122 per square foot per year, while those in Singapore would face slightly higher costs at about US$123 per square foot annually, said Ada Choi, head of research for Asia-Pacific at... https://www.scmp.com/business/article/3333789/hong-kong-and-singapore-prime-office-rents-set-equalise-2027-cbre-says?utm_source=rss_feed https://www.scmp.com/business/article/3333789/hong-kong-and-singapore-prime-office-rents-set-equalise-2027-cbre-says?utm_source=rss_feed Mon, 24 Nov 2025 01:30:15 +0000 Radu Magdin Radu Magdin Family offices in Hong Kong, Singapore and Dubai are redrawing the global map of private capital. Each hub combines favourable tax and regulatory regimes with strong local networks of banks, advisers and deal makers. Together, they now rival Western centres in deploying private equity across the Global South. Drawing inspiration from family offices in the United States – where private equity has represented a major share of assets – these Asian hubs are scaling rapidly, positioning themselves as... https://www.scmp.com/opinion/hong-kong-opinion/article/3333112/hong-kong-singapore-dubai-rise-family-office-triangle?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3333112/hong-kong-singapore-dubai-rise-family-office-triangle?utm_source=rss_feed Wed, 19 Nov 2025 08:30:09 +0000 Aileen Chuang Aileen Chuang Chicago-based Adams Street Partners launched its Hong Kong office on Monday, joining a wave of Western investment firms setting up to take advantage of the city’s position as a gateway to international capital and cross-border deal making. “There’s an increasing number of private equity firms, growth equity [and] venture capital, that have a reason to be here in Hong Kong – kind of a Hong Kong nexus,” said Jeffrey Diehl, the firm’s managing partner and head of investments, in an interview. With... https://www.scmp.com/business/banking-finance/article/3332969/wave-hong-kong-openings-western-investment-firms-continues-adams-street?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332969/wave-hong-kong-openings-western-investment-firms-continues-adams-street?utm_source=rss_feed Mon, 17 Nov 2025 00:30:09 +0000 Enoch Yiu Enoch Yiu Many wealthy families in Asia, the Middle East and Europe are exploring Hong Kong as a platform to tap growing investment opportunities in electric vehicles (EVs), artificial intelligence, biotech and even property in mainland China, according to a Swiss family office investment firm. “Hong Kong is the gateway to China, which makes it very efficient doing business here,” said Marcus Sasse, co-founder and managing partner of Club Estate, in an exclusive interview. He added that the firm had... https://www.scmp.com/business/markets/article/3332838/global-wealthy-families-look-hong-kong-seize-chinas-ev-ai-biotech-opportunities?utm_source=rss_feed https://www.scmp.com/business/markets/article/3332838/global-wealthy-families-look-hong-kong-seize-chinas-ev-ai-biotech-opportunities?utm_source=rss_feed Sun, 16 Nov 2025 01:30:15 +0000 Aileen Chuang Aileen Chuang Standard Chartered is targeting the growing number of Chinese individuals living, working and starting businesses in the United Arab Emirates (UAE) as part of a push to expand its wealth-management business. “We now bank an increasing number of Asian clients, specifically Chinese families, in the UAE,” said Judy Hsu, the bank’s CEO of wealth and retail banking, in an exclusive interview. “It has become a growing hub for people who come and work, set up family offices and start their... https://www.scmp.com/business/banking-finance/article/3332677/standard-chartered-tailors-uae-offerings-serve-wealthy-chinese-residents?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332677/standard-chartered-tailors-uae-offerings-serve-wealthy-chinese-residents?utm_source=rss_feed Fri, 14 Nov 2025 00:30:12 +0000 SCMP Reporters SCMP Reporters Chief Executive John Lee Ka-chiu is scheduled to speak in a fireside chat on Friday during the third Family Business Summit in Hong Kong, as the city burnishes its role as the offshore fundraising hub and ‘superconnector’ between the Chinese mainland and the rest of the world. The speech is the highlight of the conference, curated by the South China Morning Post and Blue Pool Capital, with UBS as the presenting partner. The attendees – by invitation only – comprise about 150 private business... https://www.scmp.com/business/article/3331821/hong-kong-leader-john-lee-speak-third-annual-confab-family-owned-businesses?utm_source=rss_feed https://www.scmp.com/business/article/3331821/hong-kong-leader-john-lee-speak-third-annual-confab-family-owned-businesses?utm_source=rss_feed Thu, 06 Nov 2025 23:30:09 +0000 Enoch Yiu Enoch Yiu Hong Kong has seen a sharp increase in wealthy clients opening accounts to manage their assets this year, surpassing other centres like Singapore as the most favourable destination for asset management, according to a report released on Thursday by the Private Wealth Management Association (PWMA) and KPMG China. Some 44 per cent of PWMA members, including top global private banks like UBS, BNP Paribas, HSBC, Morgan Stanley and JPMorgan, said their clients preferred Hong Kong over other cities –... https://www.scmp.com/business/banking-finance/article/3331739/hong-kong-roars-ahead-top-wealth-hub-overtaking-singapore?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331739/hong-kong-roars-ahead-top-wealth-hub-overtaking-singapore?utm_source=rss_feed Thu, 06 Nov 2025 06:46:50 +0000 Enoch Yiu Enoch Yiu An increasing number of wealthy customers from mainland China are using Hong Kong to diversify their investments and expand their businesses globally, according to a senior executive of Hong Kong-based mid-tier lender China Citic Bank International. “After many government efforts to promote family offices in recent years, we have seen strong growth from wealthy mainland customers seeking our bankers to help them set up family offices in Hong Kong,” said Wendy Yuen Miu-ling, head of the bank’s... https://www.scmp.com/business/banking-finance/article/3331074/chinas-wealthy-flock-hong-kong-global-investment-opportunities-banker-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331074/chinas-wealthy-flock-hong-kong-global-investment-opportunities-banker-says?utm_source=rss_feed Sun, 02 Nov 2025 03:30:12 +0000 Aileen Chuang Aileen Chuang Ultra-high-net-worth (UHNW) families are putting greater focus on legacy planning to create sustainable impact for future generations amid growing uncertainty and vast fortunes shifting to younger heirs, according to participants in a Standard Chartered event in Dubai focused on family offices. The emphasis among such families was changing from wealth preservation towards a strategic repositioning of family-office locations, governance structures, succession planning and decision-making,... https://www.scmp.com/business/money/wealth/article/3330897/ultra-rich-families-focus-driving-impact-across-generations-legacy-planning?utm_source=rss_feed https://www.scmp.com/business/money/wealth/article/3330897/ultra-rich-families-focus-driving-impact-across-generations-legacy-planning?utm_source=rss_feed Thu, 30 Oct 2025 08:58:55 +0000 Enoch Yiu Enoch Yiu Five local family offices will jointly launch a US$100 million fund on Thursday to capture the new business opportunities arising from the government’s newly launched Family Office 2.0 plan, aimed at attracting more wealthy international individuals to invest in Hong Kong. Inspira is a closed-end fund focused on private credit and other stable-income projects. It targets affluent families, particularly those interested in applying for residency in the city through the Capital Investment Entrant... https://www.scmp.com/business/money/article/3330717/hong-kong-family-offices-launch-us100-million-fund-tap-international-investors?utm_source=rss_feed https://www.scmp.com/business/money/article/3330717/hong-kong-family-offices-launch-us100-million-fund-tap-international-investors?utm_source=rss_feed Thu, 30 Oct 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu Wealthy families from across the world use Hong Kong and Singapore as twin hubs to expand in Asia, preferring real estate and private direct investments for long-term growth, according to a report by Julius Baer on Tuesday. Hong Kong and Singapore are a natural choice for affluent families with regional ties or pan-Asian investments, according to the Swiss bank’s 2025 Family Barometer annual report that tracked 2,500 family office experts in Europe, Asia, the Middle East and Latin America about... https://www.scmp.com/business/banking-finance/article/3329701/hong-kong-and-singapore-are-asias-twin-hubs-family-offices-julius-baer-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329701/hong-kong-and-singapore-are-asias-twin-hubs-family-offices-julius-baer-says?utm_source=rss_feed Tue, 21 Oct 2025 01:30:12 +0000 Enoch Yiu Enoch Yiu Hong Kong will embark on the second phase of its family office development strategy over the next three years, aiming to attract 220 family offices from around the world – including those from Europe, the Middle East and Asia – as well as major multifamily office operators, according to Jason Fong, global head of family office at InvestHK. Over the past three years, Hong Kong had built an ecosystem to draw wealthy families by rolling out eight policy measures, including tax concessions and an... https://www.scmp.com/business/article/3329651/hong-kong-sets-sights-220-new-family-offices-next-growth-phase?utm_source=rss_feed https://www.scmp.com/business/article/3329651/hong-kong-sets-sights-220-new-family-offices-next-growth-phase?utm_source=rss_feed Tue, 21 Oct 2025 00:30:08 +0000 Julie Zhang Julie Zhang Hong Kong FinTech Week 2025 in November aims to be an all-in-one marketplace for global cutting-edge technologies, with international buyers from areas including the Middle East and Global South coming to the city to shop for opportunities, according to senior InvestHK officials. Last year’s event was almost like a “study trip” for some delegations, according to King Leung, global head of financial services, fintech and sustainability at the government agency, which is responsible for attracting... https://www.scmp.com/business/china-business/article/3329286/hong-kong-fintech-week-expects-investment-action-serious-buyers-investhk-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329286/hong-kong-fintech-week-expects-investment-action-serious-buyers-investhk-says?utm_source=rss_feed Fri, 17 Oct 2025 01:30:16 +0000 Enoch Yiu Enoch Yiu A growing number of mainland Chinese financial institutions and international companies have shown interest in establishing regional headquarters in Hong Kong to tap into increasing business opportunities across the region, according to the head of Citigroup’s local unit. Aveline San Pau-len, Citi Hong Kong CEO and head of banking, said many mainland banks and international financial institutions would like Citigroup to help set up their headquarters in the city to serve clients who wanted to... https://www.scmp.com/business/banking-finance/article/3328462/mainland-financial-firms-seeking-strategic-hong-kong-headquarters-rise-citigroup?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328462/mainland-financial-firms-seeking-strategic-hong-kong-headquarters-rise-citigroup?utm_source=rss_feed Mon, 13 Oct 2025 00:30:08 +0000 Aileen Chuang Aileen Chuang Hong Kong is widening its appeal to global family offices, as it shapes new policies designed to meet emerging trends in the sector, according to Secretary for Financial Services and the Treasury Christopher Hui Ching-yu. The city’s “robust legal system, world-class financial infrastructure, strategic proximity to the mainland and competitive and simple tax regime” made it an “ideal destination for family offices, including those from Africa, seeking to establish or expand their operations”, the... https://www.scmp.com/business/banking-finance/article/3328251/hong-kong-revamps-family-office-rules-widen-global-appeal-targets-220-more-2028?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328251/hong-kong-revamps-family-office-rules-widen-global-appeal-targets-220-more-2028?utm_source=rss_feed Wed, 08 Oct 2025 10:30:25 +0000 Enid Tsui Enid Tsui The art market downturn continued to play out at Christie’s, Phillips and Sotheby’s regional headquarters in Hong Kong this past weekend, with the turnover from back-to-back art auctions loitering at an eight-year low. But a handful of records and some last-minute withdrawals – which improved the success ratio of the sales – helped inject long-missing vigour into the sales room during the seasonal marquee modern and contemporary art evening sales, which saw around 100 high-value artworks go... https://www.scmp.com/lifestyle/arts/article/3327393/hong-kong-autumn-2025-art-auctions-see-lowest-combined-turnover-8-years?utm_source=rss_feed https://www.scmp.com/lifestyle/arts/article/3327393/hong-kong-autumn-2025-art-auctions-see-lowest-combined-turnover-8-years?utm_source=rss_feed Wed, 01 Oct 2025 08:15:08 +0000 Danielle Popov Danielle Popov RBC BlueBay Asset Management, a unit of the Royal Bank of Canada, has formed a partnership with digital-wealth platform Endowus, signalling the asset manager’s commitment to expand its presence in Asia. The partnership will leverage RBC BlueBay’s fixed-income products and expertise to create specialised investment strategies for investors in Hong Kong and Singapore through Endowus’ digital platform, according to a statement from Endowus on Wednesday. Endowus is an investment platform with... https://www.scmp.com/business/companies/article/3326692/canadas-rbc-bluebay-partners-endowus-expand-asset-managers-asia-presence?utm_source=rss_feed https://www.scmp.com/business/companies/article/3326692/canadas-rbc-bluebay-partners-endowus-expand-asset-managers-asia-presence?utm_source=rss_feed Wed, 24 Sep 2025 13:00:19 +0000 Bloomberg Bloomberg London’s reputation as a global wealth hub has taken a hit this year after UK tax changes prompted a string of high-profile departures among its super-rich residents. One of the highest-profile figures in the English capital’s financial district is seeking to change that narrative. Alastair King, the City of London’s Lord Mayor, is working to shore up the English capital’s role as a stronghold for family offices overseeing the fortunes of the world’s rich. About 100 representatives from the... https://www.scmp.com/business/banking-finance/article/3326721/london-summit-aims-revitalise-citys-status-hub-family-offices?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326721/london-summit-aims-revitalise-citys-status-hub-family-offices?utm_source=rss_feed Wed, 24 Sep 2025 11:53:55 +0000 Danielle Popov Danielle Popov Most family offices in Asia-Pacific are bullish about their portfolios and expect decent returns this year, with interest rate cuts and advances in artificial intelligence more than offsetting tariff uncertainties, according to a Citi wealth survey released on Tuesday. More than 80 per cent of family offices in the region anticipated returns of more than 5 per cent this year, the Citi Wealth 2025 Family Office Report showed. At least 30 per cent of those surveyed expected returns of between 10... https://www.scmp.com/business/banking-finance/article/3325702/asia-pacific-family-offices-build-resilient-portfolios-withstand-tariff-shocks-citi?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325702/asia-pacific-family-offices-build-resilient-portfolios-withstand-tariff-shocks-citi?utm_source=rss_feed Tue, 16 Sep 2025 12:00:37 +0000 Salina Li Salina Li Global family offices will remain consistent in their strategic allocations over the next 12 months amid growing concerns over geopolitical risks, though some are willing to increase their exposure to public and private equity, Goldman Sachs said in a survey published on Wednesday. Meena Flynn, co-head of global private wealth management at the US investment bank, said the global average asset allocation remained broadly consistent from 2023 to 2025, though respondents expressed concerns about... https://www.scmp.com/business/article/3325078/family-offices-keep-consistent-allocations-over-next-12-months-goldman-sachs-survey?utm_source=rss_feed https://www.scmp.com/business/article/3325078/family-offices-keep-consistent-allocations-over-next-12-months-goldman-sachs-survey?utm_source=rss_feed Wed, 10 Sep 2025 12:21:19 +0000 Aileen Chuang Aileen Chuang Wealthy investors across Asia are increasingly buying into the US$210 billion secondary private-equity market, betting on bargains and cash flow as a strategic response to geopolitical and economic uncertainties. Attracted by diversification and liquidity, Asian investors – including from Hong Kong and Singapore – accounted for more than half of the subscriptions to a US$1.2 billion secondary fund co-managed by Franklin Templeton and Lexington Partners, Christian Bucaro, Franklin Templeton’s... https://www.scmp.com/business/money/investment-products/article/3324721/wealthy-asians-turn-secondary-private-equity-amid-geopolitical-economic-strains?utm_source=rss_feed https://www.scmp.com/business/money/investment-products/article/3324721/wealthy-asians-turn-secondary-private-equity-amid-geopolitical-economic-strains?utm_source=rss_feed Mon, 08 Sep 2025 09:00:09 +0000 Enoch Yiu Enoch Yiu Citigroup’s Asia private bank has hired 10 per cent more advisers this year as strong capital inflows have sparked rallies in Hong Kong and other markets in the region, its Hong Kong head said. In an interview on Wednesday, Horace Yip Chi-ho said a growing number of wealthy clients wanted to take advantage of the rallies and were interested in alternative investments like hedge funds and private equity. “We needed to hire more people as we have seen a growing business this year in Asia,... https://www.scmp.com/business/banking-finance/article/3324298/citis-asia-private-bank-ramps-hiring-strong-capital-inflows-drive-regional-rally?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324298/citis-asia-private-bank-ramps-hiring-strong-capital-inflows-drive-regional-rally?utm_source=rss_feed Thu, 04 Sep 2025 23:30:07 +0000 Enoch Yiu Enoch Yiu Hong Kong stands to benefit as a family office hub and impact investment centre, according to industry observers, after a survey showed ESG investments account for a growing share of the portfolios of nine out of 10 family offices globally. According to a study released on Wednesday by the Sustainable Finance Initiative (SFI), ESG investments – which seek to improve society, reduce pollution and address climate change risks – accounted for at least half of the portfolio for nearly 20 per cent of... https://www.scmp.com/business/money/article/3324205/hong-kong-emerges-hub-impact-investments-90-family-offices-embrace-esg?utm_source=rss_feed https://www.scmp.com/business/money/article/3324205/hong-kong-emerges-hub-impact-investments-90-family-offices-embrace-esg?utm_source=rss_feed Wed, 03 Sep 2025 10:45:08 +0000 Josiah Ng Josiah Ng Hong Kong’s family office sector is undergoing a transformation, moving beyond a period of expansion to embrace a new era of professionalism. This shift is seeing a growing number of wealthy families bringing in external specialists to not only manage their assets but also to navigate the complex dynamics of family governance and legacy. A March 2024 estimate by Deloitte indicated a total of 2,703 family offices operating in the city, with a substantial 885 of these managing assets of US$100... https://www.scmp.com/specialist-publications/special-reports/topics/wealth-family-offices/article/3322832/family-offices-seek-external-specialists-help-professionalise?utm_source=rss_feed https://www.scmp.com/specialist-publications/special-reports/topics/wealth-family-offices/article/3322832/family-offices-seek-external-specialists-help-professionalise?utm_source=rss_feed Tue, 26 Aug 2025 00:00:08 +0000 Peter Shadbolt Peter Shadbolt As philanthropy matures across Asia, high-net-worth donors in Hong Kong are increasingly focused not only on where their money goes, but on what impact it can have there. However, in contrast to the measurable returns of a traditional investment portfolio, philanthropic impacts are often slow to show and complex to quantify. From mental health to biodiversity protection and climate resilience, many causes now require donors to move beyond straightforward metrics to a rethink of what “impact” can... https://www.scmp.com/specialist-publications/special-reports/topics/wealth-family-offices/article/3322802/family-offices-weigh-benefits-philanthropy?utm_source=rss_feed https://www.scmp.com/specialist-publications/special-reports/topics/wealth-family-offices/article/3322802/family-offices-weigh-benefits-philanthropy?utm_source=rss_feed Mon, 25 Aug 2025 21:00:09 +0000 Aileen Chuang Aileen Chuang Goldman Sachs is pushing legacy planning in Asia, including succession and philanthropy, as family offices boom and family-owned businesses continue to dominate the region. The changing regulatory landscape, growth of family offices and high proportion of family-owned businesses in the region made it a “particularly important period” for wealthy families to engage in generational transition, manage legacies and navigate tensions, said Carra Cote-Ackah, head of legacy planning and philanthropic... https://www.scmp.com/business/banking-finance/article/3321187/goldman-sachs-champions-legacy-planning-us61-trillion-wealth-transfer-looms-asia?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3321187/goldman-sachs-champions-legacy-planning-us61-trillion-wealth-transfer-looms-asia?utm_source=rss_feed Sun, 10 Aug 2025 23:30:10 +0000 Enoch Yiu Enoch Yiu The strong growth of Hong Kong’s private banking and wealth management sectors will drive increased hiring and leasing of office space in the coming years, according to the chief executive of Hong Kong Monetary Authority (HKMA). Major private banks’ assets under management (AUM) in the city rose 14 per cent in the first half of the year compared with the end of December, while they hired more than 400 wealth management experts in the last two years, an increase of 12 per cent, said Eddie Yue... https://www.scmp.com/business/banking-finance/article/3320589/hong-kongs-booming-wealth-sector-lead-hiring-and-office-expansion-hkma-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3320589/hong-kongs-booming-wealth-sector-lead-hiring-and-office-expansion-hkma-says?utm_source=rss_feed Sun, 03 Aug 2025 23:30:11 +0000 Enoch Yiu Enoch Yiu An increasing number of wealthy mainland families have been opting to come to Hong Kong for mediation services to solve disputes instead of going to court, according to an expert. “There is an increased demand for family mediation services in Hong Kong in recent years, particularly from [mainland] Chinese families,” said Ann Cooley, founder of Hong Kong-based Cooley Family Office, which has offered mediation services to help family offices handle their disputes for three decades. “Hong Kong is... https://www.scmp.com/business/banking-finance/article/3320068/why-do-mainland-chinas-wealthiest-families-pick-hong-kong-courts-mediate-their-feuds?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3320068/why-do-mainland-chinas-wealthiest-families-pick-hong-kong-courts-mediate-their-feuds?utm_source=rss_feed Fri, 01 Aug 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu Hong Kong needs to offer more tax benefits for vintage cars and other incentives to turn the city into a major base for storing and trading art, with an eye on building up its pool of industry talent and service providers, according to Sotheby’s former top executive in the region. While the city is among the top three global art auction and trading hubs, it still lacked some ingredients to build upon, especially talent in art storage, authentication and repair, said Patti Wong, co-founder and... https://www.scmp.com/business/article/3318791/hong-kong-needs-offer-more-tax-breaks-enhance-art-trading-hub-status-expert-says?utm_source=rss_feed https://www.scmp.com/business/article/3318791/hong-kong-needs-offer-more-tax-breaks-enhance-art-trading-hub-status-expert-says?utm_source=rss_feed Sun, 20 Jul 2025 04:01:07 +0000 Daniel Ren Daniel Ren Kelly Zong Fuli, chairwoman and CEO of mainland China’s largest soft-drinks producer Hangzhou Wahaha Group, is embroiled in a wealth-inheritance dispute that has prompted questions about the sustainability of the country’s family businesses. The daughter of late founder Zong Qinghou is facing two lawsuits as three plaintiffs, claiming to be her half-brothers and half-sister, seek to prevent her from dealing with assets worth about US$2 billion. The feud surfaced just a year after the heiress won... https://www.scmp.com/business/china-business/article/3318545/wahaha-heiress-kelly-zongs-inheritance-battle-puts-chinese-family-firms-spotlight?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318545/wahaha-heiress-kelly-zongs-inheritance-battle-puts-chinese-family-firms-spotlight?utm_source=rss_feed Thu, 17 Jul 2025 06:00:11 +0000 Enoch Yiu Enoch Yiu Hong Kong has become relatively cheaper for wealthy individuals over the last year, dropping from second to third on a list of the costliest world cities for high-net-worth individuals (HNWIs), according to Julius Baer. Singapore retained the title of the most expensive city, while London and Hong Kong swapped places from a year earlier, according to the 2025 Julius Baer Global Wealth and Lifestyle Report on Monday. The sixth annual study by the Swiss lender compared a basket of goods and... https://www.scmp.com/business/money/article/3318034/hong-kong-trails-singapore-london-priciest-city-rich-lifestyle-julius-baer-says?utm_source=rss_feed https://www.scmp.com/business/money/article/3318034/hong-kong-trails-singapore-london-priciest-city-rich-lifestyle-julius-baer-says?utm_source=rss_feed Mon, 14 Jul 2025 01:30:12 +0000