Gaven Cheong and Jeffrey Lee comment in eprivateclient about how Hong Kong is repositioning itself as a global wealth hub
min readOver the past four years, Hong Kong has re-established itself as a destination for global wealth, underpinned by its role as a gateway to Mainland China, well-developed capital markets and low-tax environment. The jurisdiction is attracting a broad range of wealth holders, including high- and ultra-high net worth individuals, families, entrepreneurs and younger professionals, many of whom are based across Asia.
This renewed interest has coincided with a noticeable rise in the number of family offices established in Hong Kong. The city has actively supported this growth through measures such as new tax exemptions, investment migration schemes and dedicated initiatives, including Family Office HK. At the same time, Hong Kong has continued to refine its tax framework as it seeks to remain competitive with other regional hubs, including Singapore.
Gaven Cheong, Partner in our Financial Services Regulation & Funds team, and Jeffrey Lee, Private Client Partner and Head of our Singapore office, comment in eprivateclient:
Rather than simply keeping pace with competitors, the 2026/27 Budget seeks to distinguish Hong Kong through carefully targeted and substantiative reforms.
[The New Citizenship by Investment Scheme] is attractive for those pursuing portfolio-based exposure and flexibility, [signalling a] renewed openness to global private capital, reinforcing its position as an international wealth hub.
Read the full article in eprivateclient here.
