Hong Kong Business News

Hong Kong maintained fourth place in the Global Financial Centres Index 35 Report published today by the UK's Z/Yen and the China Development Institute from Shenzhen.

The Government said under the “one country, two systems” principle, Hong Kong enjoys the unique advantages of being backed by the motherland and connected to the world.

Hong Kong has been striving to align with the national development strategies and serve as an important node in the country’s domestic and international dual circulation through proactively integrating into the national development of the reform and opening up of the financial market, while maintaining the internationalised nature of the market and playing the role as the gateway between the Mainland and the world.

A series of policy initiatives have been announced in the 2024-25 Budget, seeking to better integrate capable government with an efficient market and to propel financial markets to new heights.

According to Deloitte's Market Study on the Family Office Landscape in Hong Kong commissioned by Invest Hong Kong, there are over 2,700 single-family offices in the city.

The study sheds light on the flourishing development of the family office sector in Hong Kong, and reaffirms the city as one of Asia's major asset and wealth management centres.

In addition, Financial Mega Event Week will be held in Hong Kong next week, with a series of top-tier international conferences to take place in the city to further showcase the strengths, development potential and investment opportunities of Hong Kong as an international financial centre.

The events include the highly acclaimed Wealth for Good in Hong Kong Summit exclusively for family offices; the inaugural One Earth Summit organised by the Institute of Sustainability & Technology and co-organised by Giving to Amplify Earth Action - a World Economic Forum initiative on global climate and the green economy; and the Milken Institute's Global Investors' Symposium - the first large-scale summit to be held in Hong Kong by the institute since 1998.

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