Hong Kong’s ambitions as a leading Asian hub for family wealth, succession planning and cross-border capital allocation took centre stage at SCMP’s “Redefining Hong Kong: Next Generation Wealth 2026” conference held on September 21 at the JW Marriott Hotel Hong Kong. Regulators, family principals, advisers and next-generation leaders gathered to examine how inherited capital can be transformed into enduring enterprise. Held at a time when Asia is preparing for one of the largest intergenerational wealth transfers in its history, the conference moved beyond traditional discussions of investment returns to address the pressures facing successors as they step into roles shaped by family expectations, global uncertainty, new technologies and changing ideas of legacy. Opening the event, Joseph HL Chan, JP, Acting Secretary for Financial Services and the Treasury of the HKSAR, said Hong Kong was well positioned to support ultra-high-net-worth families through its common-law system, free flow of capital, low-tax regime, and connectivity with mainland China and global markets. “Hong Kong is now home to more than 3,380 single-family offices, with such number increased by 25 per cent within two years,” Chan said.
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