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The Hong Kong Family Office Nexus is established as a strategic collaboration between the Financial Services and the Treasury Bureau (FSTB) and Bloomberg L.P. (Bloomberg), the FSTB announced on Wednesday (Oct 9).
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The initiative, aiming to attract family offices from around the world to expand in Hong Kong, came after FSTB Secretary Christopher Hui Ching-yu met with Bloomberg Founder Michael Bloomberg this April to discuss ways to make Hong Kong a center for family offices and philanthropy.
The FSTB will work with Invest Hong Kong (InvestHK) and the Hong Kong Academy for Wealth Legacy to strengthen the family office ecosystem.
The Hong Kong Family Office Nexus will focus on community building, knowledge sharing, technology support, and philanthropic collaboration. It will include seminars on impact investing, a digital resource platform for family offices, and a guidebook on setting up family offices in Hong Kong.
Technology support is also included, with Bloomberg providing access to its suite of family office solutions and data resources to InvestHK clients.
Bing Li, Bloomberg’s Head of Asia Pacific, emphasized Hong Kong’s favorable regulatory environment and strong financial markets, making it an attractive destination for family offices.
The Hong Kong Family Office Nexus is set to begin its initiatives in late 2024.
