The Wealth for Good in Hong Kong Summit was held in Hong Kong Wednesday, with attendees highlighting Hong Kong as one of the best locations to establish family offices.

The summit attracted more than 300 family office decision-makers and members from Asia, Europe, the Americas and the Middle East.

On Tuesday evening, Acting Chief Executive of the HKSAR Chan Kwok-ki said at a dinner for the summit that Hong Kong is a "super connector" bringing together people and ideas. The city is a platform for visionaries looking to create lasting legacies, and a dynamic hub where family offices and families can flourish.

Financial Secretary of the HKSAR government Paul Chan said that as an international financial center, Hong Kong has a robust network of world-class financial service professionals and offers extensive investment opportunities.

"We are also investing heavily to propel Hong Kong's development in innovation and technology like green tech and AI, benefiting the future of humanity," Chan said, adding that the convergence of Eastern and Western cultures, dazzling mega events, make Hong Kong the ideal place for family offices to thrive and realize their ambitions.

Some attendees said at the summit that Hong Kong offers stability, predictability, and an environment that is business-friendly. These are key elements for any family office seeking a long-term growth.

According to statistics, over 2,700 single-family offices have been established in Hong Kong. 

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