European Family Offices Flock to Hong Kong as the City Surpasses Switzerland in Offshore Wealth

Hong Kong is becoming a magnet for European family offices, driven by tax benefits and access to China’s tech landscape following its surpassing of Switzerland as the premier offshore wealth hub. Around 30 European family offices have expressed intentions to establish a presence in the city, representing approximately 19% of the 160 family office cases currently managed by InvestHK. This trend underscores a broader shift of European interest towards Asia, fueled by tax advantages, China’s tech boom, and geopolitical realignments. InvestHK’s Jason Fong noted that several Italian families participated in the Wealth for Good in Hong Kong Summit and subsequently…