BUILDING GENERATIONAL WEALTH

In Hong Kong's family business circles, generational wealth holds a special resonance.

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It is not just the accumulation of assets but also the careful shaping of values, ambitions and traditions, stewarded across time and circumstance. For HSBC Private Bank, generational wealth transcends financial planning; it is about empowering families to create resilient legacies that flourish across borders and time.

"A family's lasting treasure is more than wealth; it is its spirit and culture captured over time, supported by financial means," says Kanas Chan, head of global private banking, North Asia and Hong Kong at HSBC. "We guide entrepreneurial families to navigate complexities and make the right connections, preserving their legacy across geographies and generations."

The transfer of generational wealth is accelerating across Asia-Pacific, with over US$5.8 trillion expected to be transferred between generations in the Asia-Pacific region by 2030. Yet many entrepreneurs remain unprepared to take concrete steps to ensure a smooth transition. According to the HSBC Global Entrepreneurial Wealth Report 2025, 74 per cent of entrepreneurs in Hong Kong aspire to keep their business within the family, while 71 per cent value giving the next generation the freedom to pursue their own ambitions outside of the family business. This reveals a delicate balance between preserving traditions and empowering younger generations to forge their own paths.

Such a blueprint is essential for families navigating complex legacies in an increasingly mobile, cross-border world. “When we help them in their planning, it also makes them think about how they wish to be remembered, transforming not only their future but their present.”