The Hong Kong household industry has strong growth momentum driven by finance management, charity, risk control, and impact investment.

On March 10th, the Hong Kong Monetary and Financial Research Center under the Hong Kong Institute of Finance released a financial research report titled "Beyond Wealth: Promoting the Development of the Hong Kong Family Office Ecosystem through Philanthropy, Impact Investing, and Risk Management." The report pointed out that the family office industry in Hong Kong is experiencing strong growth momentum, with increasing demand for philanthropy, impact investing, and risk management strategies in addition to traditional wealth management, becoming the main areas of future growth. The survey showed that as many as 91% of respondents have invested in the Hong Kong market, with confidence mainly derived from Hong Kong's sound regulatory framework, free flow of capital, mature financial market, and competitive tax system. The report further indicated that family offices will deepen their philanthropic and impact investing initiatives in the coming years, with the proportion of participants in philanthropy expected to increase from the current 45% to 64% and the proportion of participants in impact investing from 30% to 43%, in line with global development trends. At the same time, the demand for risk management products and services by family offices is expected to continue to rise. With its solid financial expertise, extensive international network, and well-developed philanthropic system, Hong Kong has unique advantages and stands to benefit greatly from these trends. Based on the survey results, the report provides several recommendations for the industry to further optimize the Hong Kong family office ecosystem, including maximizing the use of cross-industry support networks within the Greater Bay Area, promoting the development of private social investments, assisting family offices in achieving sustainable financial returns while considering environmental and social benefits, and strengthening the cultivation of relevant professional talents. Fiona Yuen, CEO of the Hong Kong Institute of Finance and Executive Director of the Research Center, stated that as Hong Kong further consolidates its position as a hub for Asian family offices, this report aims to provide valuable insights for the industry to collectively nurture a vibrant and sustainable family office ecosystem, injecting momentum into the long-term growth of the financial services industry.