Bloomberg: Multiple Hong Kong family offices plan to increase their investment exposure to crypto assets and private markets

According to Bloomberg, many family offices based in Hong Kong plan to increase their allocations to private equity and digital assets over the next three years.

The Hong Kong Institute for Monetary and Financial Research (HKIMR) wrote in a report on Tuesday that the interest of wealthy families in these assets is expected to rise significantly, which also includes private credit and venture capital. Hong Kong has been striving to encourage more high-net-worth individuals and their families to establish investments locally, aiming to become a bridge between the mainland and global markets. According to a survey commissioned by the Hong Kong government and conducted by Deloitte, the number of single-family offices established in this financial hub increased to 3,384 by the end of last year, a 25% growth compared to 2023.