Hong Kong has surpassed Switzerland to become the world's largest cross-border wealth management centre for the first time, according to the 2026 Global Wealth Report released by Boston Consulting Group (BCG) on May 27.
Hong Kong managed US$ 2.95 trillion in cross−border wealth in 2025, edging past Switzerland's US$ 2.95 trillion in cross−border wealth in 2025, edging past Switzerland's US$ 2.94 trillion. The city posted an annual growth rate of 10.7 per cent, driven mainly by sustained capital inflows from mainland China and a strong recovery in Hong Kong's IPO market.
More than 60 per cent of the cross-border wealth managed in Hong Kong comes from the mainland, the report said.
BCG forecasts that Hong Kong's cross-border wealth will grow to US$ 4.6 trillion by 2030, widening its lead over Switzerland, which is expected to reach US$ 4.6 trillion by 2030, widening its lead over Switzerland, which is expected to reach US$ 4 trillion.
Singapore ranked third with about US$ 2.1 trillion, followed by the United States and the United Kingdom.
Hong Kong's Financial Secretary Paul Chan said the nation's 15th Five-Year Plan explicitly supports Hong Kong in strengthening its role as an international asset and wealth management centre. The government will continue to seize the trend to consolidate the city's status as a global financial hub.
The Financial Services and the Treasury Bureau added that a bill to enhance tax concessions for family offices will be submitted to the Legislative Council next month.
Analysts say the global wealth management landscape is seeing an "eastward rise", though Switzerland remains an important hub thanks to its diversified client base.
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