Hong Kong adds 681 family offices as wealthy shift focus from US: Deloitte

Hong Kong housed nearly 3,400 single-family offices by the end of last year, a 25 per cent rise in two years, as the affluent refocused on the city amid US-centred trade tensions and the rise of China’s tech sector, according to a report by Deloitte on Tuesday.The global auditing firm made the estimates after surveying 136 market participants across Hong Kong’s family office sector, including 85 single-family offices, whose wealth originated across all major regions, and 36 multi-family offices with operations in the city, between October and December 2025.There were an estimated 3,384 single-family offices – entities set up to manage the financial needs of a single family – by the end of last year, increasing by 681 from the fourth quarter of 2023.The single-family offices originated from all over the world. Of the 85 surveyed, 38 originated from mainland China and 19 from Hong Kong. The others included 12 from Europe, eight from Asia-Pacific, six from the US and the rest of the Americas, and two from the Middle East.Single-family offices in Hong Kong originated from all over the world. Photo: Handout“Amid global changes, the family office industry and asset management sector are undergoing a rapid evolution,” said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu in a statement on Tuesday. He added that the increase of family offices in Hong Kong reflects the tangible outcomes of the government’s efforts in policy formulation and institutional development.