A partnership was created last October between the news and business information group and Hong Kong authorities to boost the Asian city's status as a family offices centre.

Hong Kong Family Office Nexus has launched a “digital knowledge hub” and moves to support philanthropic efforts of family offices.

The Nexus – launched last October to boost Hong Kong’s family offices sector – is a joint initiative between Bloomberg and the Financial Services and the Treasury Bureau (FSTB).

The hub is a knowledge-sharing platform to foster innovation within the family office community. Separately, Bloomberg has entered a strategic collaboration with the Hong Kong Academy of Wealth Legacy. The organisations will share best practices with family offices based in Hong Kong, providing them with insights into the latest global trends in philanthropic giving. 

"Family offices play a vital role in preserving family wealth, supporting philanthropy worldwide and leading impact investments,” Paul Chan, financial secretary of the Hong Kong SAR, said, adding that given its qualities, Hong Kong is “the ideal place for family offices to thrive and realise their ambitions."

The initiatives were launched at the recent 2025 Bloomberg Family Office Summit.

(Left to right: secretary for Financial Services and the Treasury Christopher Hui, financial secretary of the Hong Kong SAR, Paul Chan and head of Asia-Pacific at Bloomberg Bing Li.)

Hong Kong competes as a family office sector with hubs such as Singapore and Dubai; already a number of such organisations have set up in the Asian city.

In June 2023, Hong Kong's government unveiled its “Network of Family Office Service Providers.” The rollout of the network is one of eight initiatives in the government's Policy Statement on Developing Family Office Businesses in Hong Kong. In late 2021, Hong Kong introduced a bill providing tax concessions for investments managed by eligible single-family offices, with retrospective effect from 1 April 2022. Called the Inland Revenue (Amendment) (Tax concessions for family-owned investment holding vehicles) Bill 2022, it exempted family-owned investment holding vehicles and their portfolios of special purpose entities from tax on transactions carried out by a Hong Kong-based family office.