Family Values Share to Linkedin With its robust financial infrastructure, world-class support services and a range of new governmental initiatives, Hong Kong offers the perfect environment for establishing a family office. Hong Kong has an abundance of unique and well-established advantages as an international financial center, but an aspect that is often overlooked is the city’s status as a leading location for setting up family offices. Home to 80 billionaires, Hong Kong is the third-richest city behind only Beijing and New York in the Forbes World’s Billionaire List 2021. Information Services Department As private banks and wealth management advisory firms for ultra-high-net-worth families or individuals, family offices play a crucial role in asset and risk management, estate and succession planning, and providing support for personal and philanthropic activities, making them an indispensable resource for managing and growing intergenerational wealth. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, says the city is ideally placed to serve these needs.