Hong Kong is not only a place for family offices to invest, but also a partner in their enduring journey where they anchor their legacy, the city’s leader said at a Post event, as he pledged to roll out more incentives to attract more operators.
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Speaking at the South China Morning Post’s Family Business Summit 2025 on Friday, Chief Executive John Lee Ka-chiu said that his administration had a “clear ambition” to attract at least 220 more family offices to the city over the next three years, describing the target as “no easy feat”.
“To all family principals considering where to anchor your legacy, I have a simple message: Hong Kong is the place where your family’s vision can grow boundlessly,” Lee said.
“This city offers not just a place to invest, but a partner in your family’s enduring journey.”
His remarks followed new measures announced in the city’s budget blueprint earlier this year, in which the government said it would enhance the preferential tax regime for single-family offices, including expanding the types of qualifying transactions eligible for tax concessions, such as those involving emission derivatives or allowances, insurance-linked securities, loans, private credit investments and digital assets.
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“We will build a resilient and conducive ecosystem for family offices,” Lee said during the event held at The Henderson in Central.
The summit, now in its third year, is co-curated by the Post and Blue Pool Capital and presented by UBS, featuring speakers ranging from government officials to representatives from Wall Street and the NBA. Lee thanked the Post for hosting the event again, noting that it created a valuable networking opportunity for all.