Hong Kong reassures family offices amid trade tensions

Hong Kong’s Financial Secretary Paul Chan assured wealthy families that their capital is safe in the city, emphasising its appeal as a stable destination for family offices amid global trade tensions. Speaking at Deutsche Bank’s emerging markets family office forum, Chan highlighted Hong Kong’s policy clarity, legal consistency, and deep market liquidity as key strengths. He noted that reciprocal US tariffs have complicated asset-allocation strategies, making stable jurisdictions more attractive. Hong Kong’s stock market averaged HKD360bn in daily turnover over the past week, nearly triple the 2024 figure, indicating sustained investor confidence. Chan said Hong Kong’s resilience and transparency position it as a preferred wealth hub. Financial professionals also expect further stimulus to support markets amid ongoing tariff-related uncertainty.