Bloomberg & Hong Kong Government Collaborate to Establish Family Office Hub
The Collaboration Between Bloomberg and the Hong Kong Government
The partnership between Bloomberg and the Hong Kong government marks a significant move to promote the city as a family office hub.This initiative will create networking opportunities for wealthy individuals and families.
Events and Initiatives Planned
- The launch of the Hong Kong Family Office Nexus.
- Support from the Financial Services and the Treasury Bureau.
- Special events in March 2025, coinciding with the Wealth for Good in Hong Kong Summit.
These efforts highlight Hong Kong's potential as a global center for family offices and philanthropy, spurred by discussions between Christopher Hui Ching-yu and Michael Bloomberg.
Wealth Management Landscape
Currently, there are over 2,700 single-family offices in Hong Kong, with many established by individuals possessing wealth exceeding US$50 million. According to a recent Deloitte study, the landscape is evolving quickly.
- New policies, such as the New Capital Investment Entrant Scheme, aim to attract foreign investment.
- Local support mechanisms are being enhanced to boost family office operations.
Overall, this collaboration from Bloomberg and the Hong Kong government signals a strong commitment to fostering the family office ecosystem and attracting global wealth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.