Yuze Xiangjiang Summit Forum will be held on the 23rd to 24th of this month

Secretary for Financial Services and the Treasury Christopher Hui wrote on his blog that the “Yuzek Hong Kong” Summit is making a grand return. This year’s forum will be held from March 23 to 24.

Hui stated that the theme of this year’s forum is “Building Legacy.” In uncertain times, a stable institutional foundation is the best guarantee for the continuation of wealth and the transmission of values. The forum will showcase Hong Kong’s strong capabilities and development potential to the global family office generation and the new generation from three main perspectives — “Asset Management Advantages Achieving Family Wealth Transfer,” “Cultural Value Foundations Nurturing a Thriving Market,” and “Smart Technology Innovation Driving Capital Appreciation” — working together to help families pass down wealth and spiritual values from generation to generation and create lasting prosperity.

He pointed out that current global geopolitical uncertainties are increasing, and Hong Kong is highlighting its unique advantage as a “safe haven.” Citing industry sources, he said that wealthy investors are reassessing global asset allocations and tend to allocate more wealth to Hong Kong to seek a more stable safe haven. This trend further enhances Hong Kong’s attractiveness as a global hub for family offices.

He stated that the latest research shows that by the end of last year, the number of single-family offices in Hong Kong had exceeded 3,380, a growth of over 20% in two years, with half of the assets exceeding USD 51 million. This continued growth reflects Hong Kong’s ability to attract more families to view it as a hub for wealth transfer amid increasingly complex global circumstances.