Research Center under the Monetary Authority: 91% of family offices have invested in Hong Kong

The Hong Kong Monetary and Financial Research Centre, under the Faculty of Finance, today (10th) published an applied financial research report titled "Beyond Wealth: Driving the Development of Hong Kong's Family Office Ecosystem through Philanthropy, Impact Investing, and Risk Management."

Based on a survey and interviews with industry stakeholders, the report explores the development trends of the Hong Kong family office sector. It points out that the growth momentum of the Hong Kong family office industry is strong, with increasing demand for philanthropy, impact investing, and risk management strategies, becoming the main growth areas in the future, in addition to traditional wealth management.

As an important hub for family office investments, Hong Kong's attractiveness is becoming increasingly significant. The survey shows that as many as 91% of respondents indicated that they have invested in the local market, with confidence mainly stemming from Hong Kong's sound regulatory framework, free capital flow, mature financial market, and competitive tax system. The report further indicates that family offices will deepen their philanthropic and impact investing strategies in the coming years, with the proportion of respondents participating in philanthropy expected to rise from the current 45% to 64%, and those participating in impact investing expected to increase from 30% to 43%, aligning with global development trends.

At the same time, the demand for risk management products and services from family offices is expected to continue to rise.

Based on the above survey results, the report provides several recommendations for the industry to further optimize Hong Kong's family office ecosystem, including better leveraging the cross-industry support network within the Guangdong-Hong Kong-Macao Greater Bay Area, promoting the development of private social investments, assisting family offices in achieving sustainable financial returns while considering environmental and social benefits, and strengthening the cultivation of relevant professional talent.

Fong Yan-Lok, Chief Executive Officer of the Faculty of Finance and Executive Director of the Research Centre, stated that as Hong Kong further consolidates its leadership position as a hub for family offices in Asia, the report aims to provide valuable references for the industry to jointly cultivate a thriving and sustainable family office ecosystem, thereby injecting momentum into the long-term growth of the financial services industry