More than 3,380 single-family offices were in operation in Hong Kong by the end of 2025, injecting over HK$12 billion annually into the local economy, according to a study released by the financial services and the treasury bureau, along with Invest Hong Kong on Tuesday.
This study, commissioned by InvestHK and conducted by Deloitte, received responses from 136 stakeholders in the Hong Kong family office industry and in-depth interviews were carried out with 21 professionals from this sector between October and December last year.
The number of single-family offices has increased by around 680 over the past two years, representing a growth of over 25 percent, data from the study showed.
Besides, the single-family offices operating in Hong Kong contribute approximately HK$12.6 billion annually to the local economy through operating expenditures alone, and that they directly employ over 10,000 full-time professionals within their operations.
Additionally, the study noted that 60 percent of respondents plan to increase their investments in Hong Kong, while the rest plan to maintain their current allocations.
Hong Kong becomes the only region with zero reduction in holdings, reflecting an optimism that stem from Hong Kong's strong stock market performance last year.
The secretary for financial services and the treasury, Christopher Hui Ching-yu said that this continued growth reflects the tangible outcomes of the government's efforts in policy formulation and institutional development.
He added that the government will continue to pursue the development of the family office sector through a series of measures, including enhancing tax arrangements, implementing the new capital investment entrant scheme, and establishing the Hong Kong academy for wealth legacy.
Hui further noted that with the goal of assisting over 220 family offices to establish or expand in the city, related legislative proposals are planned for introduction in the first half of this year between 2026 and 2028.
The proposals include expanding the scope of qualifying investment for the preferential tax regimes offered to funds and single-family offices, covering such as precious metals, loans and private credit investments.
The director-general of investment promotion at InvestHK, Alpha Lau Hai-suen highlighted that , many overseas family offices had a strong interest in Hong Kong's institutional advantages and tax incentives when the team conducted promotional activities in Europe and Southeast Asia.
