Hong Kong has narrowly overtaken Switzerland to become the world’s largest cross-border wealth hub, driven by an influx of mainland Chinese capital and a resurgent local equity market.
Offshore assets booked in the Asian financial city in 2025 rose 10.7% to $2.9 trillion, according to Boston Consulting Group’s 2026 Global Wealth Report. BCG forecasts that Asia’s rapid wealth accumulation will widen the gap between Hong Kong and Switzerland to nearly $600 billion by 2030, bolstered by China’s manufacturing dominance and a revival in Hong Kong’s IPO market.
The shift comes as global private fortunes expand ...