TL;DRHong Kong is attracting European family offices with tax incentives and China tech access after overtaking Switzerland as the top offshore wealth hub.
Around 30 European family offices have told Hong Kong’s investment promotion agency that they plan to set up operations in the city, according to InvestHK. The interest accounts for roughly 19% of the 160 family office cases InvestHK is currently handling and reflects a broader European pivot toward Asia that is being driven by tax incentives, China’s technology boom, and geopolitical rebalancing.
Jason Fong, InvestHK’s global head of family office, said several Italian families attended the Wealth for Good in Hong Kong Summit in March 2026 and subsequently held strategic discussions with the agency. “For European families seeking new growth momentum, Hong Kong offers something that has become remarkably rare: certainty, resilience, stability, innovation and opportunity in a single jurisdiction,” Fong told the South China Morning Post.
The timing is not accidental. Hong Kong overtook Switzerland last year to become the world’s largest cross-border wealth management centre, with $2.95 trillion in offshore assets compared with Switzerland’s $2.94 trillion, according to Boston Consulting Group’s Global Wealth Report published in May. BCG projects the gap will widen to nearly $600 billion by 2030.
