Hong Kong surpasses Switzerland in cross-border wealth management

A report by the Boston Consulting Group (BCG) indicates that Hong Kong's cross-border wealth management reached 2.95 trillion USD in 2025, slightly surpassing Switzerland's 2.946 trillion USD for the first time. Hong Kong saw a growth rate of 10.7%, driven by capital inflows from mainland China, strong IPO activity, and rising stock markets. In contrast, Switzerland's growth rate was 7.6%. Despite geopolitical tensions and trade uncertainties, global cross-border wealth flows are accelerating, reaching 15.7 trillion USD, an 8.4% increase, as investors actively seek asset diversification. Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, welcomed the results, emphasizing Hong Kong's role as a safe haven and its attractiveness as an international financial center.