A Deloitte market study commissioned by Invest Hong Kong estimates that the city has more than 3,380 single-family offices.

The end-2025 figure represents an increase of about 680 offices over the past two years, or a growth of more than 25%, the study noted.

Secretary for Financial Services & the Treasury Christopher Hui said: “The continued growth in the number of family offices in Hong Kong reflects the tangible outcomes of the Government's efforts in policy formulation and institutional development.”

“We plan to introduce legislative proposals in the first half of this year to expand the scope of qualifying investment for the preferential tax regimes offered to funds and single-family offices, covering, for example, precious metals, loans and private credit investments, and digital assets,” he added.

The study estimates that single-family offices operating in Hong Kong contribute approximately $12.6 billion annually to the local economy through operating expenditures alone. Over 10,000 full-time professionals are directly employed within their operations.

Taking account of multifamily offices and other service providers supporting family offices, the actual economic benefits are expected to be even more substantial, the study said.

It also highlighted Hong Kong’s pivotal role in asset and wealth management in Asia, with assets under management of approximately HK$35 trillion, or about US$4.5 trillion, as of end-2024.

In addition, Hong Kong ranked second in the number of ultra-high-net-worth individuals as of June 2025, being one of the top destinations for setting up family offices.