The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), today (10 March) 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 stakeholders1, 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% 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% to 64%, and impact investing from 30% to 43% - 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.

Mr Enoch Fung, Chief Executive Officer of the AoF and Executive Director of the HKIMR, 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.

Hong Kong Academy of Finance
Hong Kong Institute for Monetary and Financial Research
10 March 2026