Hong Kong now hosts more than 3,380 single-family offices, up over a quarter in two years, as the city's government launches a 2026-2028 push, called Family Office 2.0, to add at least 220 more.

TL;DR

  • More than 3,380 single-family offices operated in Hong Kong at end-2025, up about 680 (25%+) in two years, per a Deloitte study commissioned by InvestHK.
  • The government's "Family Office 2.0" plan targets 220 more family offices establishing or expanding in the city from 2026 to 2028, after meeting its prior 200-office goal for 2023-2025 early.
  • Planned 2026 legislation would widen tax-qualifying investments to include precious metals, private credit and digital assets; this has not yet been enacted.

How many family offices are now operating in Hong Kong?

More than 3,380 single-family offices were operating in Hong Kong as of end-2025, the Financial Services and the Treasury Bureau (FSTB) and InvestHK announced jointly on 10 February 2026. The figure comes from the Market Study on the Family Office Landscape in Hong Kong, commissioned by InvestHK and conducted by Deloitte, and marks an increase of about 680 offices, over 25 per cent, in two years.

The study estimates these offices contribute roughly HK$12.6 billion a year to the local economy through operating expenditure alone, and employ more than 10,000 full-time professionals directly. Hong Kong's wider wealth management pool stood at about HK$35 trillion (roughly US$4.5 trillion) as of end-2024, and the city ranked second globally by number of ultra-high-net-worth individuals as of June 2025.

What is "Family Office 2.0"?

Family Office 2.0 is InvestHK's name for its next three-year push, running 2026 to 2028. Secretary for Financial Services and the Treasury Christopher Hui said the government aims to assist more than 220 family offices to establish or expand their business in Hong Kong over that window, a target set in the Chief Executive's 2025 Policy Address.

InvestHK's global head of family office, Jason Fong, told the South China Morning Post that internationalisation is a key theme: alongside mainland Chinese families, the agency wants more offices from Europe, the Middle East and elsewhere in Asia to set up in the city.

How does this compare with the previous target?

The 220-office goal builds on an earlier one. InvestHK and FSTB said in September 2025 that they had already attracted more than 200 family offices between 2023 and 2025, completing that KPI ahead of schedule. Family Office 2.0 is effectively phase two, at a similar pace and a slightly higher target.

What policy changes are coming next?

Hui said the government planned legislation in the first half of 2026 to widen qualifying investments under Hong Kong's preferential tax regimes for funds and single-family offices, covering precious metals, loans and private credit, and digital assets. As of the announcement, these proposals had not been passed into law, with no enactment date given.

Why it matters

For a family office weighing where to base Asia operations, a headline count and a stated target describe ambition and past momentum, not a guarantee of policy stability or how any single application will be assessed. Hong Kong's push runs alongside Singapore's own moves to ease single-family-office tax conditions (asiafamilyofficehub.com/mas-relaxes-singapore-family-office-tax-incentive-conditions-from-1-august-2026/), so the two hubs keep competing on similar terms: tax concessions, investment-migration routes such as Hong Kong's CIES (asiafamilyofficehub.com/hong-kongs-cies-a-catalyst-for-new-family-office-establishment/), and, for Hong Kong, a wider list of eligible asset classes still moving through the legislative process.

Frequently Asked Questions

How many single-family offices are there in Hong Kong?

More than 3,380 as of end-2025, per the Deloitte study commissioned by InvestHK, up about 680 (25%+) in two years.

What is Hong Kong's "Family Office 2.0" initiative?

A target from the Chief Executive's 2025 Policy Address to help more than 220 family offices establish or expand in Hong Kong from 2026 to 2028, after InvestHK said it met an earlier 200-office goal for 2023-2025 early.

What new investments may soon qualify for Hong Kong's family office tax breaks?

Officials said in February 2026 that planned legislation would add precious metals, private credit and digital assets to the qualifying list. It had not been enacted at the time, so scope and timing remain unconfirmed.

Sources and Method

Based on the joint InvestHK/FSTB press release of 10 February 2026 (investhk.gov.hk), citing Deloitte's Market Study on the Family Office Landscape in Hong Kong, and checked against South China Morning Post reporting (Enoch Yiu, 21 October 2025). Not investment, tax or immigration advice; consult a licensed professional before acting on any scheme mentioned.