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Hong Kong houses over 2,700 SFOs: report
Over 500 of these SFOs fall under the US$10m-US$30m wealth level.
Hong Kong is home to over 2,700 single-family offices (SFOs), a Deloitte market study commissioned by InvestHK revealed.
The study categorised these SFOs into four varying wealth brackets. The data showed that within the US$10m-US$30m wealth tier, there are 535 SFOs.
The number increases in the subsequent wealth levels, with 601 SFOs in the US$30m-US$50m tier, 682 in the US$50m-US$100m bracket, and 885 in the US$100m+ tier.
Hong Kong recently invested more in the development of a world-class family office regime to establish the city as a family office centre.
In 2023, the government announced several policy measures for Developing Family Office Businesses in Hong Kong.
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