Hong Kong Reclaims the Lead in Asia’s Family Office Landscape

Hong Kong SAR has now surpassed 2,700 single family offices (SFOs), reaffirming its status as Asia’s leading hub for managing ultra-high-net-worth (UHNW) wealth.
The region’s count now exceeds Singapore’s estimated 2,000 SFOs, underscoring Hong Kong’s resurgence as a trusted financial and governance center. Its proximity to Mainland China, well-established financial infrastructure, and deep market connectivity continue to attract families seeking sustainable regional growth opportunities.
As global uncertainty, geopolitical risk, and digital disruption reshape the wealth landscape, Asia’s ultra-wealthy are professionalising their wealth management strategies and redefining family priorities.
While Singapore remains a formidable competitor, valued for its political stability and regulatory transparency, Hong Kong’s scale, liquidity, and ecosystem depth make it the preferred base for complex, multi-jurisdictional wealth structures.
Across Asia, family offices are evolving beyond traditional wealth preservation. Increasingly, families are focusing on legacy building, family cohesion, and values alignment—moving from mere inheritance to defining purpose, continuity, and long-term impact.
However, this transformation is not without challenges. Globally, only 28.6% of UHNW families report having a clear, shared vision, while more than half face internal disagreements about direction and governance.
In Asia, 74% of families with dedicated offices still operate under the single-family office model, yet rising operational costs and complexity are driving growing interest in hybrid and collaborative structures.
Families are increasingly outsourcing specialised functions—including liquidity management (73%), investment management (63%), and cybersecurity (48%)—while retaining control over core strategic areas such as succession planning and philanthropy.