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Wealthy Europeans increasingly set up family offices in Hong Kong
BNP Paribas says Hong Kong is used as a base for due diligence and deal talks in Asia and mainland China, with single-family offices up 25.0% over two years to about 3,384 by end-2025.
BNP Paribas has found that more wealthy European clients are looking to establish family offices in Hong Kong to take advantage of opportunities across Asia and mainland China, according to a banker at the French lender. In an interview with the South China Morning Post, Lemuel Lee said the two-way flow of capital between Europe and mainland China is expected to continue, with Hong Kong playing a connector role.
Lee also said Hong Kong is seen as a practical location for European investors who want to back technology start-ups or other businesses in the region. He pointed to the city as a place to conduct due diligence and negotiate deals as part of that cross-border investing.
The report notes that Hong Kong has rolled out tax incentives and other measures aimed at capturing this market since 2023. It also cites a Deloitte study showing the number of single-family offices in the city rose 25.0% over the past two years, reaching about 3,384 by the end of 2025.
A family office is described as a company set up by wealthy individuals to run investment activities, manage succession planning, and oversee non-financial assets such as art collections or philanthropic foundations.