Hong Kong Surpasses Switzerland as Top Cross-Border Wealth Hub
Cross-border wealth in Hong Kong reaches $2.95 trillion, outpacing Switzerland's $2.94 trillion
Quick Look
Hong Kong overtakes Switzerland as the world's largest cross-border wealth hub, with a 10.7% increase to $2.95 trillion, driven by Asia's growing wealth and deregulation efforts.
AI-generated summary
Cross-border wealth booked in Hong Kong climbed 10.7 per cent in 2025 to US$2.95 trillion, narrowly beating Switzerland’s US$2.94 trillion after rising 7.6 per cent last year, the international consultancy said in its latest global wealth report released on Wednesday. “These shifts are reshaping the geography of global wealth,” said Michael Kahlich, a managing director at BCG and a co-author of the report. “Hong Kong’s rise reflects the growing gravitational pull of Asian wealth and capital markets.” He added that cross-border capital flows had concentrated into a smaller number of globally connected hubs. Over the past three years, Hong Kong Exchanges and Clearing (HKEX) has deregulated equity financing, debt financing and commodity trading to facilitate cross-border investment and trading, aiming to build a multi-asset platform consolidating Hong Kong’s status as an international finance hub.
