Hong Kong, (October 3, 2025) – Asia is on the brink of generational wealth transfer, with an estimated US$5.8 trillion expected to change hands by 2030. This shift is prompting family offices to consider not just financial assets, but also the values, legacy and purpose that will define families’ multi-generational impact. Family offices are transforming from their traditional wealth management roles into strategic powerhouses that can guide these complex discussions and decisions.
More than 140 family office leaders, next-gen successors and wealth management professionals attended the recent Redefining Hong Kong Series 2025/26 – Next Generation Wealth conference hosted by the South China Morning Post (SCMP), themed around the future of family offices, intergenerational wealth management and next-gen leadership.
Speaking of Hong Kong’s unique position in next-generation wealth management, Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, emphasised Hong Kong’s appeal as a business hub. He cited the city’s stability and strategic importance under the “one country, two systems” framework, as well as its ranking as the third-largest global financial center, making it an optimal choice for businesses looking to establish or expand their presence.
“To anchor Hong Kong’s position as the nexus where family legacies and family office expertise converge, the Government has strategically prioritised the development of the family office sector. We have been pressing ahead at full steam to create a conducive environment for family offices, including introducing a preferential tax regime for single family offices, establishing the Hong Kong Academy for Wealth Legacy (HKAWL), and introducing and enhancing the New Capital Investment Entrant Scheme. The global family office landscape is undergoing rapid transformation, driven by next-generation leadership transitions, growing interest in philanthropy and impact investing, emerging investment themes such as digital assets, and leveraging insurance as a tool for strategic capital management.” – Christopher Hui, HKSAR Secretary for Financial Services and the Treasury
“In this fast-evolving environment, access to trustworthy information and deep-dive analysis is not just beneficial — it is vital for competitive advantage. That’s what the South China Morning Post has been offering. We provide fact-based news and insights that help you navigate the dynamic future. We bring together a strong community of key decision-makers, business leaders, and affluent audiences for meaningful discussion.” – Catherine So, CEO, South China Morning Post
In partnership with CUHK Centre for Family Businesses, the conference also featured four TED-style “Family In Business Intelligence” talks exploring the importance of shared values and relationships for seamless succession. Moderated by Marshall Jen, Executive Director at CUHK Centre for Family Business, New Heritage Group’s Hampton Tao, Alfo Capital’s Li Man-on, Yung Kee Restaurant Group Limited’s Yvonne Kam and Hotung Mills Foundation’s Joanna Hotung shared their stories on next-generation entrepreneurship and family legacy, intergenerational communication and productive succession planning, as well as innovations and multi-generational resilience.
For further insights into the conference discussions, visit SCMP.
Redefining Hong Kong Series 2025/26 – Next Generation Wealth is supported by:
- Platinum Sponsor: Prudential
- Exhibiting Sponsor: Pictet Asset Management
- Event Partner: China International Capital Corporation
- Strategic Partners: CUHK Centre for Family Business, Hong Kong Academy for Wealth Legacy
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About the South China Morning Post (SCMP)
The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, the SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing staff of correspondents across Asia and the United States. Our mission is to “Lead the global conversation on Hong Kong, mainland China and Asia”. The SCMP has received hundreds of awards for its journalistic excellence from prestigious organisations such as the World Association of News Publishers and the Online News Association. The SCMP also publishes a portfolio of premium lifestyle and fashion titles in Hong Kong, including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, consortium of top news companies developing global transparency standards for credible journalism.
