Deloitte: It is estimated that by the end of 2025, there will be a total of 3,384 single-family offices in Hong Kong.

Deloitte's private enterprise and private client services Hong Kong managing partner Liu Mingyang said that according to Deloitte's estimation, by the end of 2025, there are a total of 3,384 single-family offices in Hong Kong, an increase of 681 offices in a span of two years since the end of 2023, with an average annual growth rate of approximately 12.6%. The survey and interview results show that the backgrounds of these family offices are quite diverse, coming from different regions, industries, and wealth levels, reflecting Hong Kong's attractiveness. Liu Mingyang pointed out that the survey showed that over half of the interviewed single-family offices are now led by second-generation or later members, highlighting the acceleration of intergenerational wealth transfer. As more and more older generations seek to pass on their wealth to the next generation, Hong Kong, with its advantages of a simplified tax system and mature professional services, has become an ideal hub for intergenerational wealth transfer. Deloitte China's international tax services partner Pan Zongjie stated that Hong Kong is experiencing a resurgence in popularity, with all surveyed family offices planning to increase (60%) or maintain (40%) their presence in Hong Kong in the next three years, and no respondents planning to reduce their presence. This optimism reflects not only Hong Kong's strong stock market performance last year but also the general consensus among respondents that Hong Kong's mature capital market is a key factor in attracting family offices. Deloitte China's Hong Kong consulting business partner Chan Suk Yin pointed out that the operation expenses of family offices bring substantial economic benefits to Hong Kong, including office rent, professional salaries, facility service expenses, and asset management fees. Regarding future operations in Hong Kong, most surveyed single-family offices (74%) and multi-family offices (94%) are preparing to expand their businesses, with many planning to hire more staff, expand and upgrade their office space, and optimize operations using artificial intelligence. Liu Mingyang said that tax incentives are seen as the most important measure by the government to promote the development of family offices in Hong Kong, with almost all survey respondents considering these measures "very important," "important," or "somewhat important." The existing tax regime for family investment holding vehicles (FIHV) managed by single-family offices provides eligible investment profit tax concessions, and the Hong Kong government also plans to expand the scope of application to digital assets, loans, and private debt investments in 2026.