The Live Conversation: family wealth enters new era
Hong Kong’s ambitions as a leading Asian hub for family wealth, succession planning and cross-border capital allocation took centre stage at SCMP’s “Redefining Hong Kong: Next Generation Wealth 2026” conference held on September 21 at the JW Marriott Hotel Hong Kong. Regulators, family principals, advisers and next-generation leaders gathered to examine how inherited capital can be transformed…
The SCMP's "Redefining Hong Kong: Next Generation Wealth 2026" conference, held on September 21 at the JW Marriott Hotel Hong Kong, focused on the evolving role of family wealth in Asia. With over 3,380 single-family offices in Hong Kong, the city is well-positioned to support ultra-high-net-worth families. Proposed tax concessions for alternative assets, such as digital assets and green bonds, further bolster the city's role in generational wealth planning.
The conference explored how family businesses are being transformed by successors who aim to build new growth models rather than simply maintaining inherited structures. Succession planning now requires more than legal structures or investment mandates; it demands shared values, judgment, and confidence from predecessors. Experts emphasized the need for family members to act as mentors, guiding successors in responsibly redeploying inherited wealth.
The discussion also highlighted the generational shift, with younger family members seeking to invest in technology, healthcare, new geographies, and alternative business models. The importance of legacy preservation was also addressed, particularly in the context of art and collectibles, where families often overlook practical risks and the need for careful ownership structures and documentation.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
