Facing global economic challenges and political uncertainties, Hong Kong’s family office sector is experiencing a surge in growth. According to Secretary for Financial Services and the Treasury Christopher Hui, this dynamic industry is expected to surpass 3,000 registered offices in the near future. The Hong Kong government actively supports this growth by proposing tax incentives tailored for various assets, including private loans, virtual currencies, and carbon credits. These amendments aim to simplify the process for private equity funds seeking tax benefits as well. These measures are set to be presented to the Legislative Council next year, with an implementation date of April 1, 2025.