Hong Kong’s efforts to attract family offices are gaining traction, evidenced by increased attendance at the latest summit hosted by the Hong Kong Academy for Wealth Legacy. The three-day, closed-door event drew about 150 representatives from global family businesses, up from 100 at its inaugural gathering in May. Attendees included executives associated with prominent families from the Philippines and participants from the UK, mainland China, and Qatar. Financial Secretary Paul Chan highlighted the city’s legal and financial systems, currency stability, and tax incentives as advantages for family offices. The academy aims to nurture talent and strengthen Hong Kong’s ecosystem for such enterprises. Deloitte reports that Asia-Pacific single-family offices are expected to surge by 40% to 3,200 by 2030, with Hong Kong already home to over 2,700.