Financial Services and the Treasury Bureau (FSTB)’s Post

【Wealth for Good in Hong Kong 2025: Joe Tsai — Hong Kong Is the Ideal Place for Business and Family Office Development】 The annual family office flagship event, Wealth for Good in Hong Kong, successfully concluded last week. This year’s summit featured a lineup of distinguished guest speakers who shared insightful perspectives on key issues that matter to family office decision-makers. Many speakers agreed that Hong Kong remains the top location for establishing a family office. In a fireside chat, Mr. Joe Tsai, Co-Founder and Chairman of Alibaba Group, remarked: “I first discovered Hong Kong in the 1980s, and it struck me as a truly international city with unmatched entrepreneurial energy. Even through challenging times, Hong Kong’s free-market DNA, vibrant financial markets, and supportive tax environment stand out—making it, in my view, one of the best places for businesses and family offices to thrive.”