Hong Kong overtakes Switzerland as world's top cross-border wealth hub

China's Hong Kong Special Administrative Region (HKSAR) has overtaken Switzerland to become the world's largest cross-border wealth management center for the first time, according to Boston Consulting Group's (BCG) Global Wealth Report 2026.

The city ended 2025 with $2.95 trillion in cross-border assets under management, up 10.7% year-on-year, BCG said. Switzerland ranked second at $2.94 trillion.

Hong Kong's rise reflects growing capital flows from Chinese mainland, which account for the bulk of the city's cross-border wealth, the report noted. The city also benefited from a revived IPO market and strong equity performance last year.

BCG projects Hong Kong will extend its lead in the coming years as capital inflows continue.

Hong Kong's Financial Secretary Paul Chan Mo-po said the achievement fully affirms Hong Kong's position as a global leader in cross-border wealth management.

"The 15th Five-Year Plan clearly supports Hong Kong in strengthening its role as an international asset and wealth management center," Chan said. "Hong Kong will leverage its unique advantages to attract more ultra-high-net-worth individuals and family offices."

The BCG report predicts Hong Kong's cross-border wealth will grow at an annual rate of 9% through 2030, maintaining its global lead.