A recent issue of "Data Perspective" published by the Research Office of the Legislative Council Secretariat of Hong Kong indicates that, based on the latest estimates, the number of single-family offices operating in Hong Kong reached 3,384 by the end of last year. Research data shows that by the end of last year, Hong Kong's assets and wealth management scale amounted to HK$35.14 trillion, representing a significant 45% increase compared to 2017. Concurrently, the latest industry estimates suggest that Hong Kong is home to 17,215 ultra-high-net-worth individuals, ranking second globally among cities, just after New York, indicating robust demand for family office services. A survey reveals that 37% of single-family offices in Hong Kong have been operating for more than 11 years, reflecting a certain maturity in the industry's development. Regarding funding sources, the research shows that offshore assets from the Asia-Pacific region managed by Hong Kong's family offices totaled US$1.29 trillion (approximately HK$10.1 trillion), with the largest portion, US$555 billion (approximately HK$4.33 trillion), or 43%, originating from the Chinese mainland. The family office business demonstrates strong growth momentum, with tax incentives enhancing its appeal. Data indicates that within Hong Kong's private banking and private wealth management sectors, assets sourced from family offices and private trusts reached HK$1.55 trillion last year, a substantial 88% increase from 2017. In terms of tax preferential policies, both Hong Kong, China, and Singapore offer tax concessions to eligible family offices, with Hong Kong's policies generally viewed as more flexible, including the absence of pre-approval requirements and local investment mandates.