Hong Kong's Efforts to Attract Ultra Rich Scrutinized by Family Offices
Hong Kong pushes to position itself not only as a bridge to mainland capital, but as a true global gateway for the ultra-wealthy.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Hong Kong is going all-in to lure family offices and cement its place on the global wealth map.
The city is setting an ambitious target: 200 new large family offices by the end of 2025, on top of the 2,700 already in place as of late 2023. The government is pulling key levers to get there, from hosting its third high-profile Wealth for Good Summit on March 26, to easing capital investment visa rules and floating fresh tax perks for family offices.