Hong Kong reported over 2,700 single-family offices last year, according to a Deloitte survey, marking a significant boost in its ambition to become a leading Asian wealth hub. These offices managed a minimum of USD10m each, with 885 controlling assets exceeding USD100m. This growth comes as Hong Kong, housing assets worth HKD30.5tr (USD3.9tr) and over 12,500 ultra-wealthy individuals, aims to recover from an exodus spurred by the pandemic and US-China tensions. As part of these efforts, Hong Kong has set a target to establish 200 large family offices by 2025. This month, the city will host the Wealth for Good summit, featuring figures like Marc Lasry and Dwyane Wade, and plans to introduce a new investment scheme by mid-2024.