30 European family offices are looking to set up in Hong Kong as the city overtakes Switzerland in cross-border wealth
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 […] This story continues at The Next Web
Around 30 European family offices have expressed interest in establishing operations in Hong Kong, as reported by InvestHK. This interest represents about 19% of the 160 family office cases currently managed by the agency. The move highlights a growing trend of European wealth management shifting towards Asia. Tax considerations appear to be a key driver behind this relocation. Hong Kong is now surpassing Switzerland as a hub for cross-border wealth. This development signals a significant shift in global financial strategies. The trend reflects changing economic priorities and regulatory environments. The Next Web provides further details on this evolving landscape.
This shift indicates a growing influence of Hong Kong in global wealth management and highlights changing financial strategies among European families.
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