Independent Wealth

HSBC Global Private Banking responds to Hong Kong's latest family office incentives

Aik Ping Ng, Head of Family Office Advisory, Asia Pacific at HSBC Global Private Banking said "We welcome Hong Kong government’s latest announcement on family office incentives and believe these are integral to the city’s ambition to become a leading international family office hub."

The rapid growth of Asian wealth, coupled with UHNW families’ intent to institutionalise and professionalise the management of their wealth in recent years, has spurred the development of Hong Kong’s family office ecosystem.

Incentives like these will help strengthen Hong Kong's competitive edge and encourage new and existing family offices to expand their presence on the ground. Looking ahead, HSBC Global Private Banking will continue to play a pivotal role in serving these family offices in Hong Kong and the region using the HSBC Group’s collective strengths and international connectivity.