The Secretary for Financial Services and the Treasury, Christopher Hui, on Wednesday revealed that the government's family office-themed flagship event, "Wealth for Good in Hong Kong Summit", will return next year.

The event has been co-organised by Hui's bureau and InvestHK, the government's investment promotion arm, for each of the past three years. It is aimed at attracting family offices to come to Hong Kong to manage their wealth and investments.

Hui said the third edition last March, under the theme "Hong Kong of the World, For the World", strengthened the city's leading role as a wealth management hub and family office centre.

"[The event] convened family offices to discuss technology, artificial intelligence, philanthropy and also cultural innovation, fostering collaboration to create a sustainable future," he said at another annual forum, held by the Raffles Family Office.

"The [Wealth for Good] summit underscores Hong Kong's role as a convenor of global ideas, and a catalyst for positive change, aligning with the aspirations of family offices to create lasting impact.

"I'm very glad to share it will return once again next year," he told participants.

Hui also pointed to Hong Kong's advantages, including the robust local family office ecosystem, world-class financial infrastructure, strategic proximity to the mainland and the competitive tax regime as making the city the "ideal destination" for family offices.

He added that the government is ramping up efforts to further transform the city into a premier hub for family offices, with the latest measures including tweaks to the New Capital Investment Entrant Scheme, which saw rules over property investment lowered, along with other profit tax exemption incentives.

Hui said those measures have borne fruit, as the government has already achieved its goal of attracting more than 200 family offices to expand their business or set up shop in the SAR by the end of this year.

The government, he added, also aims to attract another 220 family offices to Hong Kong between 2026 and 2028, as announced in the latest policy address.

Separately, the financial services and the treasury chief said the Hong Kong Academy for Wealth Legacy, which was set up two years ago, has so far engaged over 3,000 family asset owners and leaders in over 20 capacity-building events to enhance the sector's growth.

The academy, established under the government's Financial Services Development Council, serves as a collaborative platform for networking and knowledge-sharing, as well as training talent for family offices, asset owners and wealth inheritors, he added.