Remarks by SFST at Wealth for Good in Hong Kong Summit 2026
Following are the remarks by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the Wealth for Good in Hong Kong Summit 2026 today (March 24):
Ladies and gentlemen, distinguished guests,
It is a great honour of mine to address you this afternoon at the fourth Wealth for Good in Hong Kong Summit. As we gather under the visionary banner of Building Lasting Legacies, I want to frame our discussions through a lens that truly defines Hong Kong: safe, stable and sophisticated. It is the bedrock upon which global family offices are choosing to build, preserve and multiply generational wealth.
In just the past few hours, we have all witnessed living proof of this promise. The fireside chat illuminated how sports and philanthropy can converge to create legacies, reminding us that true wealth is measured not only in assets but in meaningful impact. We then explored the family office playbook, examining sophisticated approaches to governance, capital allocation and the transmission of values across generations. The discussion made clear that such structures can only flourish in environments that offer both safety and stability. This was followed by powerful insights on lasting culture, highlighting how family capital can own demand, build vibrant communities and create enduring legends that shape society for generations to come. Each session has reinforced one fundamental truth: Hong Kong offers the safe harbour, the policy stability and the sophisticated ecosystem that ambitious families need to turn vision into lasting impact.
Our Government remains fully committed to strengthening this foundation. Since the issuance of the Policy Statement on Developing Family Office Businesses in Hong Kong in 2023, we have introduced a comprehensive suite of facilitative measures. These include profits tax exemption for single family offices in Hong Kong, streamlined suitability assessments for sophisticated professional investors, and dedicated one-stop support through InvestHK (Invest Hong Kong)'s FamilyOfficeHK team. We have also made successive enhancements to the New Capital Investment Entrant Scheme, including relaxed net asset requirements and adjustments to the residential property investment threshold. In addition, we have enhanced the processing of applications for charitable tax-exempt status to better empower philanthropic efforts by family offices. These measures are delivering real results. We achieved our target of facilitating at least 200 new or expanded family offices ahead of schedule. According to market research, there were more than 3 380 single family offices in Hong Kong by the end of last year, representing a growth of over 25 per cent in just two years. We are now targeting at least another 220 family offices between 2026 and 2028.
Our Hong Kong Academy for Wealth Legacy is also turning vision into action through its leadership and flagship philanthropic initiative, Impact Link. Since its launch, Impact Link has organised 17 capacity-building workshops and seminars, equipping and inspiring over 700 family participants with the knowledge and confidence to begin their philanthropic journeys. Last year, the launch of the iLink Online Portal further strengthened the ecosystem by connecting family partners with high-impact charitable projects across borders. Already, families within this community have come together to support meaningful causes, including a collaborative project to create a public installation celebrating Hong Kong's rich cultural heritage. This is Wealth for Good in its purest and most inspiring form.
We are also enhancing the sophisticated infrastructure that supports wealth preservation. Just recently, the Airport Authority signed the contract for a new state-of-the-art Art and Valuables Storage Facility at Hong Kong International Airport under the SKYTOPIA development. Spanning 53 000 square feet and featuring museum-grade storage with private viewing rooms, this facility is expected to commence operations in early 2027. So do come back then to see this facility. It represents a significant addition to our art ecosystem and will provide family offices and collectors with secure, world-class facilities to store and appreciate their collections, further reinforcing Hong Kong's position as Asia's leading art trading hub.
Ladies and gentlemen, these developments demonstrate the tangible advantages of choosing a safe, stable and sophisticated jurisdiction like Hong Kong. As we now turn our attention to the final panel discussion on lasting change through artificial intelligence, robotics and building the future together, I invite all of you to carry forward the inspiration from today's earlier sessions. Let us explore how cutting-edge innovation can amplify family capital, accelerate philanthropic outcomes and secure legacies that endure for generations. Hong Kong always stands ready, with our robust rule of law, consistent policies and sophisticated ecosystem, to serve as your trusted partner on this journey.
Together, let us continue to transform wealth into good, and also at the same time, good into lasting global impact as in the theme of today's forum: Wealth for Good.
Thank you.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, delivers his remarks at the fourth edition of the Wealth for Good in Hong Kong Summit today (March 24). Source: HKSAR Government Press Releases
