Hong Kong wealth assets hit record HK$42.2tn, official says
Hong Kong's Financial Secretary announced at a wealth management awards ceremony that the city's managed assets reached a record HK$42.2 trillion in 2025, with net inflows surging nearly 200 per cent. The government plans tax reforms and family office targets to maintain Hong Kong's position as the
Hong Kong's Secretary for Financial Services and the Treasury said the city has become the world's largest cross-border wealth management centre, with total assets under management reaching a record HK$42.2 trillion last year, up 20 per cent year on year. Net capital inflows surged nearly 200 per cent to HK$2.1 trillion, according to the latest Securities and Futures Commission survey cited by the official.
Speaking at the Hong Kong Economic Times Wealth Management Awards 2026 on 23 October, the secretary projected that the city's cross-border wealth under management would grow at an average annual rate of 9 per cent between 2025 and 2030, maintaining its global lead. He attributed the growth to Hong Kong's advantages under the 'one country, two systems' principle, its open and transparent economic policies, and stable investment environment.
The official noted that the central government's 15th Five-Year Plan explicitly supports strengthening Hong Kong's role as an international asset and wealth management centre. Office market recovery in Central saw vacancy rates fall to 9.9 per cent, reflecting industry confidence in the city's financial prospects.
To boost competitiveness, the government plans to enhance tax incentives for funds, single-family offices and carried interest. Proposed measures include expanding the tax exemption regime to cover large single-investor funds and more qualifying investments such as loans, private credit, digital assets and precious metals. The changes could take effect from the 2025-26 tax year if legislation passes.
On real estate investment trusts, the government will introduce a bill this year to facilitate REIT privatisation or restructuring, followed by a bill in the first half of next year to waive stamp duty on non-residential property transfers for REITs preparing for listing. Officials will also seek to include REITs in cross-border connectivity schemes with mainland Chinese capital markets.
More than 3,380 single-family offices now operate in Hong Kong, generating an estimated HK$12.6 billion annually in operating expenditure and employing over 10,000 full-time professionals. The government has set a target to help at least 220 more family offices establish or expand in the city between 2026 and 2028, representing a 10 per cent increase from the previous three-year target of 200.
