The Wealth for Good in Hong Kong Summit, which drew some 360 influential global family office principals, visionary leaders and industry pioneers to explore how wealth can drive social progress and sustainable impact, concluded today.

Co-organised by the Financial Services & the Treasury Bureau and Invest Hong Kong, the third edition of the summit delivered an influential platform for collaboration and innovation and drew global decision-makers from regions including the Mainland, Asia, Europe, the Americas, the Middle East, Africa and Hong Kong.

Themed "Hong Kong of the World, for the World", the event was opened by Financial Secretary Paul Chan. He noted that as an international financial centre, Hong Kong is an ideal place for family offices to thrive.

“We have a robust network of world-class financial service professionals and offer an extensive array of investment opportunities.

“In this city, international foundations, charities and non-governmental organisations come together to form a vibrant philanthropy network. We are also investing heavily to propel Hong Kong's development in innovation and technology like green tech and AI, benefiting the future of humanity.

"All these, together with the quality lifestyle in Hong Kong, the convergence of Eastern and Western cultures, the dazzling array of mega events, make Hong Kong the ideal place for family offices to thrive and realise their ambitions."

Secretary for Financial Services & the Treasury Christopher Hui supplemented that the well-received event reaffirmed Hong Kong's stature as a pre-eminent global hub for family offices.

He said: "This vibrant city - a beacon of opportunity, a super connector between East and West, and a thriving hub for over 2,700 single family offices - is where your vision, your capital, and your passion can flourish.

“Together, we stand on the cusp of a new era, one where wealth is not just preserved but harnessed as a force for good, transcending borders and generations.

“I invite you to join us in a shared mission: to build, to learn, and to give. These three pillars will define our collaboration, inspiring you to leverage Hong Kong's unique ecosystem to create a lasting impact."

The summit featured a distinguished lineup of international speakers who shared insights on the transformative power of wealth. At panel discussions, participants delved into the evolving landscape of art, culture and luxury, the strategic delivery of impact philanthropy, and the expanding role of technology and artificial intelligence in driving sustainable wealth creation. There was also a fireside chat.

Many speakers today rated Hong Kong highly as an ideal place for setting up family offices.

Alibaba Group Co-founder & Chairman Joe Tsai said even through challenging times, Hong Kong's free-market DNA, vibrant financial markets, and supportive tax environment stand out - making it one of the best places for businesses and family offices to thrive.

The summit concluded with a gala dinner where attendees engaged in discussions about family legacies and opportunities.