Hong Kong overtakes Switzerland as world's top cross-border wealth hub
BCG said cross-border wealth reached $2.9 trillion in Hong Kong, while Switzerland is projected to grow to $4 trillion by 2030.
- On Wednesday, Hong Kong overtook Switzerland as the top global booking centre for cross-border wealth with $2.95 trillion, Boston Consulting Group said, a shift unlikely to reverse as Asian hubs grow faster than the European safe-haven.
- Mainland China's financial wealth expanded 15% in 2025 and is projected to grow 9% annually through 2030, with an IPO boom fueling Hong Kong's rise and cementing its role as China's gateway to global markets.
- Global cross-border wealth rose 8.4% to $15.7 trillion in 2025, driven by market performance and geographical diversification demand; the top 10 booking centres captured nearly 90% of new flows.
- Michael Kahlich, Boston Consulting Group co-author, said 'What ultimately matters is client proximity,' noting two regional hubs forming—Singapore and Hong Kong for Asia, Switzerland, UK and US for the West.
- Emerging markets will add $12 trillion in financial wealth through 2030, with India leading at more than $2 trillion, while wealth managers target the underserved affluent segment earning $250,000 to $5 million.
46 Articles
46 Articles
Why Hong Kong Surpasses Switzerland as Wealth Haven: The Reason Money Flows Changed. For the first time in history, Hong Kong has overtaken Switzerland to become the world's largest offshore asset management hub. As U.S.-China tensions and geopolitical instability intensified, the global wealthy began diversifying their assets across various countries, and in this process, Chinese capital...
The difference amounts to several billion dollars, as the amounts of foreign assets (converted into US dollars to facilitate comparison) amount to 2,95 trillion dollars in Hong Kong and 2,946 trillion dollars for Switzerland, according to the estimates of the consulting firm Boston Consulting Group (BCG), published on Wednesday. "As the center of weight of ...
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