Bloomberg: Multiple Hong Kong family offices plan to increase exposure to cryptocurrency assets and private markets

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ChainCatcher reports that, according to Bloomberg, many family offices based in Hong Kong plan to increase their allocations to private equity and digital assets over the next three years.

The Hong Kong Institute of Monetary and Financial Research (HKIMR) stated in a report on Tuesday that wealthy families are expected to show a significant increase in interest in these assets, including private credit and venture capital.

Hong Kong has been working to encourage more high-net-worth individuals and their families to establish investments locally, aiming to serve as a bridge between Mainland China and global markets. According to a survey commissioned by the Hong Kong government and conducted by Deloitte, the number of single-family offices established in this financial center reached 3,384 by the end of last year, a 25% increase compared to 2023.

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