Hong Kong has released the Family Office Playbook, aiming to offer a clear roadmap for those planning to establish or expand their operations in the city.

The playbook was to celebrate the first anniversary of the Hong Kong Family Office Nexus, a strategic partnership between the Financial Services and the Treasury Bureau and Bloomberg.

Navigating the city’s regulatory, financial, and operational landscape, the guide covers practical advice on strategy formulation, navigating the regulatory environment, investment management, operational efficiency, and wealth succession and philanthropy.

Financial Services and the Treasury Christopher Hui Ching-yu said the guidebook marked a significant milestone in Hong Kong’s journey to becoming a global hub for family offices.

With a new goal of attracting an additional 220 family offices in the next three years, it will further solidify Hong Kong’s position as a global asset and wealth management hub, injecting fresh vitality into our economy, he added.

As a strategic bridge between East and West, Hong Kong has always been the premier choice for family offices and asset owners, said Alpha Lau Hai-suen, Director-General of Investment Promotion at Invest Hong Kong.

She believed that the guide that provides details of the city’s advantages would help the public gain a deeper understanding of why Hong Kong is the ideal location for family offices.

Sources: The Standard