Exclusive | Hong Kong sets sights on 220 new family offices in next growth phase
Exclusive | Hong Kong sets sights on 220 new family offices in next growth phase
InvestHK launches ‘Family Office 2.0’ to lure global wealth hubs to Hong Kong as race steps up with Singapore
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 investment-migration scheme, Fong said.
“We are now ready to launch the ‘Family Office 2.0’ initiative from 2026 to 2028,” Fong told the Post in an exclusive interview on Friday. “We want to see the sector broaden its horizon and deepen its development.”
InvestHK is a government department charged with increasing foreign direct investment.
“A key element of Family Office 2.0 is internationalisation. Besides wealthy mainland families, we would like to see high-net-worth individuals from Europe, Asia and the Middle East come to the city over the next three years to set up their family offices.
Chief Executive John Lee Ka-chiu, in his latest policy address last month, set the new target of attracting another 220 family offices to Hong Kong by 2028, after the government achieved its previous goal of bringing in 200 such firms between 2023 and 2025.
