Asset and Wealth Management

[Webinar] Hong Kong Family Offices: Market Initiatives and Tax Concessions


Family offices set to reshape wealth management landscape. More wealthy families are establishing family offices to manage their wealth as wealth management becomes institutionalised. Each family office has its own unique set of wealth management needs, such as managing family businesses, providing services for future generation and, etc. Careful planning to align with their long-term goals, overarching strategy and tax benefits can make setting up a family office seamless and efficient.

As a well‐recognised premier international financial centre and wealth management centre, Hong Kong offers many advantages for setting up family offices business, including cross-border market initiatives and tax concessions for family-owned investment holding vehicles (“FIHV”). This webinar will provide a market outlook for the family office ecosystem and highlight the relevant tax implications in Hong Kong.


Key topics to be covered:

• What makes Hong Kong the premier choice for family offices
   - Understand the key strengths that family offices can capitalise on while operating in Hong Kong and the Hong Kong government initiatives to promote family offices in HK
• Capitalising on the New Family Office Tax Concessions

The new tax concessions for FIHV have now been put into effect, see how family offices can leverage on these new benefits and grow further.

Who should attend

This webinar is primarily targeted at fund managers, asset managers, in-house counsel & compliance officers, senior management such as Responsible officers, Managers-in-Charge, directors, wealth management staff and professionals already working in the family offices sector.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (

Speaker/Course Instructor

Benson CHENG
Benson is a Partner of PwC Hong Kong who serves and specialises in financial services. He had rich working experience through his secondments to various cities including Beijing, Tokyo and Jakarta. He has great experience serving a number of Chinese financial institutions and fintech companies in both Hong Kong and Shenzhen. He is also a Senior Advisor at Family Office HK and supporting Family Office HK in driving the family office initiative for Hong Kong.
Vanessa CHAN
Vanessa is a Financial Services Tax Partner at PwC Hong Kong. She has deep tax knowledge and extensive experience in the financial services industry, particularly the asset and wealth management sector, covering family offices, asset managers and asset owners. In addition, she has been heavily involved in various tax policy initiatives relating to asset management and fund industry, utilizing her extensive in-house practical experience and her deep technical knowledge in the financial service industry. Vanessa has been driving various tax policy changes in Hong Kong on the private fund and asset management sector.


Date & Time
Tuesday, 8 Aug 2023 (12:20PM - 1:20PM)
Virtual Platform
Relevant Subject
Type 1 - Dealing in securities
Type 4 - Advising on securities
Type 9 - Asset management
SFC:1.00, PWMA:1.00, HKTA:1.00