Bloomberg and FSTB Announce Hong Kong Family Office Nexus Initiative to Support Family Office Sector

Hong Kong – Bloomberg and the Financial Services and the Treasury Bureau (FSTB) of the HKSAR Government today announced Hong Kong Family Office Nexus, a joint initiative to further develop the city’s family office sector by providing prospective and existing family offices with access to new resources to support their growth.

As part of Hong Kong Family Office Nexus, Bloomberg will work closely with the FSTB, Invest Hong Kong (InvestHK) and the Hong Kong Academy for Wealth Legacy (HKAWL) to deliver a series of projects and resources to Hong Kong’s family office sector. The projects undertaken as part of this initiative will include:

• Community building: Establishment of a digital knowledge hub for Hong Kong’s current and aspiring family offices and service providers, bringing together shared expertise and insights about family office operations in Hong Kong and supplemented by year-round networking events. This will include the launch of a new Bloomberg signature event, dedicated to the family office community, in March 2025, coinciding with the Wealth for Good in Hong Kong Summit.
• Knowledge sharing: Creation of a Hong Kong Family Office Playbook to assist family offices better understand current market trends, regulatory considerations, technology options and day-to-day operations.
• Technology support: Access to Bloomberg’s suite of family office solutions, including Bloomberg Terminal trials, a range of financial and alternative data, and opportunities to learn from Bloomberg’s global network of experts. Bloomberg will also join InvestHK’s Network of Family Office Service Providers, contributing insights and expertise on the latest trends in technology solutions for the family office sector.
• Philanthropic collaboration: Bloomberg Corporate Philanthropy will collaborate with HKAWL to explore opportunities for family offices and high-net wealth individuals to participate in Hong Kong’s philanthropic community.

The joint initiative was forged following a meeting in New York between Mr. Christopher Hui, Secretary for FSTB, and Mr. Michael Bloomberg, the founder of Bloomberg L.P. and Bloomberg Philanthropies. In this meeting, they discussed Hong Kong’s potential to be a global hub for family offices and philanthropic activity.

Commenting on the new initiative, Mr. Hui said that it would bring new opportunities to Hong Kong’s already thriving family office sector. “It is our great pleasure to partner with Bloomberg to reinforce Hong Kong’s enduring strength as an international financial hub and showcase our commitment to fostering further development and innovation in wealth management and charitable giving. We look forward to working closely with Bloomberg to create an environment where family offices and philanthropic initiatives will thrive,” said Mr. Hui.

“Family offices play an important and growing role in global financial markets. We are proud to partner with the Hong Kong government to launch Hong Kong Family Office Nexus, building on their longstanding work supporting the family office community in this city. This is a unique point in time for family offices as they gain access to new technologies and more data, and we are excited to help them as they grow,” said Bing Li, Head of Asia-Pacific at Bloomberg.

The Hong Kong Family Office Nexus knowledge hub will be available to the Hong Kong family office community in coming months, with family office community events commencing in late 2024.

Christopher Hui (left), Secretary for FSTB and Bing Li (right), Head of Bloomberg APAC jointly launch Hong Kong Family Office Nexus

Bloomberg, FSTB, InvestHK and HKAWL celebrate the launch of Hong Kong Family Office Nexus

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

About FSTB

Financial Services and the Treasury Bureau (FSTB) is a policy bureau of the Hong Kong Special Administrative Region (HKSAR) Government. Leveraging on Hong Kong’s strengths as a cosmopolitan city with a unique edge under the “One country, Two systems” principle, the FSTB strives to consolidate Hong Kong’s status as a global financial center, an asset and wealth management center and an offshore RMB business hub, seeking breakthroughs in green finance and financial technology development. FSTB works closely with market regulators and participants to capitalize on every opportunity for our financial services sector. On the Treasury front, FSTB takes care of matters of fiscal policy to ensure that public resources are used effectively for economic and social development.

Media Contact

Bloomberg: Chris Davis (cdavis491@bloomberg.net)

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