Staff reporter

The Hong Kong government has introduced 140 family offices to the city through its investment promotion arm InvestHK, says Secretary for Financial Services and the Treasury Christopher Hui Ching-yu.

Hui expressed strong confidence it will meet the target of assisting at least 200 family offices seeking to establish or expand their businesses in the city from 2022 to 2025, as proposed in the 2022 policy address.

He also highlighted Hong Kong's advantages in various areas including its connections with the mainland, tax system, talent pool and ability to offer tailor-made solutions for family offices.