Secretary for Financial Services and the Treasury Christopher Hui said more family offices from the Middle East could set up shop in Hong Kong amid the ongoing conflict there.

In a newspaper interview published on Friday, Hui also said more family offices from the region are expected to attend the Wealth for Good in Hong Kong summit next week compared with previous years.

The annual event is a flagship wealth conference that brings together the global heads of ultra-rich family offices and their advisers.

Hui told the Hong Kong Economic Journal that the presence of overseas family offices here "does not depend on a single incident".

He said preparation work by the government, along with changes in the international situation, made family offices from the Middle East more eager to learn about the Hong Kong market.

Hui added that about 20-25 percent of participants of the Wealth for Good in Hong Kong summit in the past might have decided to establish their offices in Hong Kong, adding that the conference this year could help the city explore more opportunities in the Middle East and the Global South.

He said the government hopes to convey the message that Hong Kong is "a society with depth".



Edited by Edmond Fong