While leaders meet in Beijing, families rewrite regional funding
The recent meeting between U.S. and Chinese leaders in Beijing highlighted a significant shift in regional capital flows in Asia. Wealthy families are increasingly investing independently of government agreements, reflecting a new approach to risk management. This change is reshaping the landscape of private investment in Asia, with regional wealth filling the gaps left by Western capital.
- ▪The number of single family offices in Singapore grew from around 400 in 2020 to over 2,000 by 2024.
- ▪Hong Kong hosts 3,384 single family offices as of Q1 2026, while numbers in Singapore continue to rise.
- ▪Wealthy families across Asia are now forming their own investment strategies, independent of government negotiations.
Opening excerpt (first ~120 words) tap to expand
When the leaders of the United States and China met in Beijing on May 14 and 15, 2026, the global press coverage was predictable. Tariffs: Taiwan. Iran. Boeing. The coverage was accurate. It also missed the most important shift in regional capital flows in two decades. For most of the postwar period, Asia’s wealthy operated in tandem with their governments. When governments negotiated trade deals or signed treaties, the wealthy invested in step. The government was the partner that backed the direction. Capital followed political alignment because political alignment told capital what was safe, what was supported and what would still be standing in twenty years. The Beijing summit format was designed for that world, but that world is ending.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Asia Times.
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