Hong Kong Unseats Switzerland as the World's Leading Cross-Border Wealth Center
Hong Kong, Thursday, 28 May 2026.
Fueled by mainland capital, Hong Kong’s offshore assets hit $2.95 trillion in 2025, narrowly ending Switzerland’s historic reign and highlighting a massive structural shift in global wealth.
The New Geography of Global Wealth
Published on Wednesday, May 25, 2026 [6], the Boston Consulting Group’s (BCG) “2026 Global Wealth Report” confirmed a monumental shift in the financial landscape: Hong Kong has officially eclipsed Switzerland as the premier cross-border wealth management hub, as high-net-worth individuals increasingly spread assets across different jurisdictions [1][2]. By the close of 2025, Hong Kong’s offshore assets swelled to $2.95 trillion, narrowly edging out Switzerland’s $2.94 trillion [2]. This surge was propelled by a vigorous initial public offering (IPO) boom and substantial capital inflows from mainland China, which now account for more than 60% of Hong Kong’s assets under management [2][3]. Overall, Hong Kong’s offshore wealth experienced an impressive 10.7% expansion in 2025 [3][6].