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Investment Top Priority For Hong Kong's Family Offices
Editorial Staff
27 January 2022
Investment is marginally more urgent as a priority for Hong Kong-based family offices than family governance, a survey of such organisations has found. Based on 562 questionnaires conducted online in November 2021, the Family Office Association Hong Kong found that the top five priorities for family offices are investments , family governance , tax planning , succession planning , and digital transformation . The ability to preserve, let alone grow, capital has been put under a harsher spotlight as global inflation rates rise and erode returns on some assets such as government bonds. The FOAHK was founded in November 2020.
The survey found that up to four in five respondents from the family office industry allocated assets to ESG or impact investing in 2021. Of those who allocated, more than half allocated 10 per cent or more of their portfolio to ESG/impact investing, with 27 per cent allocating 20 per cent or more. In 2022, 85 per cent of family office respondents expect to increase their allocations to ESG/impact investing, with almost two thirds of respondents planning to increase allocations by more than 10 per cent, and more than one third planning an increase of more than 20 per cent.