(27 May 2026 – Hong Kong) Hong Kong has surpassed Switzerland as the world’s largest cross-border wealth management centre for the first time.
According to Boston Consulting Group’s 2026 Global Wealth Report Hong Kong held US$2.95 trillion in offshore wealth in 2025, narrowly ahead of Switzerland’s US$2.94 trillion, supported by strong inflows from China and a surge in IPO activity.
BCG said Hong Kong is strengthening its position as a gateway between China and global markets, although its growth remains closely tied to mainland economic and regulatory conditions.
Cross-border wealth globally rose 8.4% last year to US$15.7 trillion, driven by strong markets and increasing demand for geographic diversification.
Hong Kong and Singapore are forecast to grow cross-border wealth assets by around 9% annually through to 2030, compared with an expected 6% growth rate for Switzerland.
Despite slower growth, BCG noted Switzerland’s globally diversified client base could remain an advantage, particularly during periods of geopolitical uncertainty.
“What ultimately matters is client proximity,” said Michael Kahlich, co-author of the report, who noted that Asia’s wealth management flows are increasingly centred around Hong Kong and Singapore, while Switzerland, the UK and the US continue to anchor Western markets.