Chief Executive John Lee Ka-chiu said on Monday that Hong Kong is home to over 3,380 single-family offices, a 25 percent increase in the past two years.

Speaking at the principal dinner held by the government, Lee said that more than half of them have second-generation members, or beyond, in leadership roles, reflecting the confidence that ultra-high-net-worth families have in Hong Kong as a base for wealth transfer between generations.

The dinner brought together about 130 family office decision-makers from Asia, Europe, the Americas, Oceania, and Africa to set the stage for the fourth edition of the Wealth for Good in Hong Kong Summit, themed “Building Lasting Legacies”, which will take place on March 24.

The night was highlighted by a magnificent “human-robot lion dance” performance at the start, where traditional lion dancers performed alongside agile robot dogs, bringing the stage to life through vivid movements.

The display was a seamless blend of cultural heritage and cutting-edge technology, embodying Hong Kong’s spirit of embracing both tradition and innovation, while echoing the summit’s focus on frontier themes such as AI and robotics.

Sources: The Standard