Christopher Hui: «FOs Undergoing Significant Transformation»
Hong Kong is looking to increase its attractiveness to family offices, which are changing the way they operate and invest, according to the city’s Secretary for Financial Services and the Treasury Christopher Hui.
In September, Hong Kong achieved its goal ahead of time to facilitate at least 200 family offices to establish or expand operations in the city by the end of 2025. In its latest policy address, the financial hub set a new target of attracting an additional 220 family offices between 2026 and 2028.
«Hong Kong invites you to leverage our unparalleled advantages – robust policies, strategic location, and a dynamic financial ecosystem – to establish or expand your operations,» said Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, during the Raffles Family Office Annual Forum 2025 attended by finews.asia.
«Our comprehensive support, from tax exemptions to talent development, positions Hong Kong as the premier destination for family offices seeking to build legacies that endure.»
Three Changes
According to Hui, «family offices are undergoing significant transformation» and he observed three major trends.
Firstly, they are maturing by enhancing governance structures and investment processes. Secondly, there is growing focus on investing in private markets. Thirdly, family offices are expanding globally and enhancing services with custom solutions, such as estate planning, insurance, technology adoption, while collaborating with providers like banks and insurers.
«All these three trends that I mentioned […] position family offices well to thrive in an era of rapid technological disruption, evolving economic paradigms, and also growing societal expectations,» Hui noted.
