Hong Kong Family Offices Exceed 3,380 as Tax Incentives Attract Wealth
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Deloitte estimates there were 3,384 single-family offices serving ultra-high-net-worth households in Hong Kong as of 2025. Photo: VCG
Hong Kong’s count of single-family offices surged more than 25% over the past two years to exceed 3,380 by the end of 2025, driven by wealthy individuals seeking to leverage the city’s tax incentives and proximity to the Chinese mainland.
Findings from a government-commissioned Deloitte study underscore the financial center’s resilience in attracting global capital. Despite broader economic headwinds, the city added 681 new single-family offices since late 2023, reinforcing its rivalry with Singapore for dominance as Asia’s premier wealth-management hub.
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- Hong Kong had over 3,380 single-family offices by end-2025, a 25%+ increase in two years, largely due to tax incentives and proximity to mainland China.
- Deloitte estimates the sector employs 10,000+ professionals, spends HK$12.6 billion annually, and is seeing more focus on technology, media, and digital assets.
- 60% of surveyed offices plan to increase Hong Kong asset allocation; tax regime and flexibility are key advantages over Singapore.
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Who’s Who
- Deloitte
- Deloitte, commissioned by the government, conducted a study indicating a significant increase in Hong Kong's single-family offices, exceeding 3,380 by the end of 2025. Christina Chan, a consulting partner at Deloitte China, noted that many new entrants are from mainland China. Anthony Lau, Deloitte Private's Hong Kong leader, highlighted the city's flexible incentives in comparison to Singapore.
- Deloitte China
- Deloitte China, specifically through consulting partner Christina Chan, highlights that recent entrants into Hong Kong's single-family office sector largely originate from mainland China, with additional inquiries from the Middle East and other parts of Asia. Anthony Lau, Deloitte Private's Hong Kong leader, emphasizes Hong Kong's flexible tax incentives compared to rivals like Singapore. Their studies further estimate the substantial economic footprint of the family office sector in Hong Kong.
- Deloitte Private
- Deloitte Private is a division within Deloitte that conducted a government-commissioned study on Hong Kong's single-family offices. Anthony Lau leads Deloitte Private's Hong Kong operations. He highlighted that Hong Kong's incentives for family offices offer greater flexibility compared to Singapore, as Hong Kong does not impose local investment targets or require prior government approval for eligibility.
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What Happened When
- Since May 2023：
- The Hong Kong government has offered a 0% profits-tax concession for eligible transactions by single-family offices, subject to a minimum asset-management threshold.
- Since late 2023：
- 681 new single-family offices were added in Hong Kong.
- As of 2025：
- There were 3,384 single-family offices serving ultra-high-net-worth households in Hong Kong, according to a Deloitte study.
- By the end of 2025：
- Hong Kong’s count of single-family offices exceeded 3,380, marking a more than 25% increase over the past two years.
- In 2026：
- Singapore shortened its pre-approval process for single-family office tax exemptions to about three months.
- In 2026：
- 40% of surveyed family offices plan to increase digital asset holdings.
AI generated, for reference only
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