Hong Kong family offices adopt AI but hold off on investing

A survey found that whilst 84% use AI now, none are currently seeking investment opportunities.

Most family offices in Hong Kong are using artificial intelligence (AI) to improve operations and data insights, though few are currently investing in the sector, according to a survey of 25 local offices by Ocorian.

Ocorian found that whilst 84% are already using AI technology, none are currently seeking investment opportunities in the sector.

More than half surveyed, however, are looking toward the future with 68% expecting to increase AI-related investments over the next three years, with 20% planning a dramatic increase.

Around 24% of respondents strongly agree that AI will reshape how family offices operate and boost performance, value, and growth within the next year.

Nearly seven in ten, or 68%, believe the major impact of AI will take between two to five years and 8% expect adoption to be slow and staggered over the next decade.