The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), today (March 10) released a new Applied Research report, titled "Beyond Wealth: Advancing Hong Kong's Family Office Ecosystem Through Philanthropy, Impact Investing, and Risk Management".

     Based on a survey and interviews with industry stakeholders (Note), this report explores the development trends of the family office (FO) sector in Hong Kong. The report points out that the Hong Kong FO sector exhibits strong growth momentum. In addition to traditional wealth management, the increasing demand for philanthropy, impact investing, and risk management strategies has become the main growth area for the future.

     Hong Kong's appeal as a premier FO destination is increasingly evident, with 91 per cent of survey respondents already invested in the city, citing its favourable regulatory framework, free flow of capital, deep capital markets, and competitive tax regime. The report also shows that FOs are planning to deepen their involvement in philanthropy and impact investing over the next few years. Philanthropic participation is projected to increase from 45 per cent to 64 per cent, and impact investing from 30 per cent to 43 per cent - levels that align with global trends. Meanwhile, FOs' demand for risk management products and services is expected to continue to increase.

     Hong Kong is well positioned to benefit from this growing interest, with its unique combination of financial expertise, international connectivity, and established charitable infrastructure.

     Building on these findings, the report outlines considerations to further enhance Hong Kong's FO ecosystem, including leveraging the cross-industry support network within the Guangdong-Hong Kong-Macao Greater Bay Area, advancing the development of Private Social Investments to enable FOs to achieve sustainable financial returns alongside meaningful environmental and social impact, and promoting talent developments.
 
     The Chief Executive Officer of the AoF and the Executive Director of the HKIMR, Mr Enoch Fung, said, "As Hong Kong solidifies its position as a leading hub for family offices in Asia, this report aims to offer valuable insights for industry participants to cultivate a thriving and sustainable FO ecosystem and to facilitate long-term growth in the financial services sector."

     The report is available on the AoF/HKIMR website.

About the AoF

     The AoF is set up with full collaboration amongst the Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority. By bringing together the strengths of the industry, the regulatory community, professional bodies and the academia, it aims to serve as (i) a centre of excellence for developing financial leadership; and (ii) a repository of knowledge in monetary and financial research, including applied research.
 
About the HKIMR

     The HKIMR is the research arm of the AoF. Its main remit is to conduct research in the fields of monetary policy, banking and finance that are of strategic importance to Hong Kong and the Asia region. The Applied Research studies undertaken by the HKIMR are on topics that are highly relevant to the financial industry and regulators in Hong Kong, and they aim to provide insights on the long-term development strategy and direction of Hong Kong's financial industry.

Note: Conducted through surveys and interviews, the report collates and analyses the views of key industry stakeholders - including current and prospective family office principals, financial institutions, industry associations, market practitioners, and academic researchers - to understand their perspectives on the current operations, future directions, and talent requirements of family offices.

Ends/Tuesday, March 10, 2026
Issued at HKT 14:30

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