Hong Kong overtakes Switzerland as top cross-border wealth hub

Hong Kong became the world’s largest cross-border wealthiness hub successful 2025, surpassing Switzerland for the archetypal time, according to Boston Consulting Group (BCG).

In its Global Wealth Report 2026: The Great Reordering, BCG said cross-border wealthiness booked successful Hong Kong roseate 10.7% past twelvemonth to $2.9 trillion. The summation was driven by inflows from mainland China, beardown IPO enactment and gains successful equity markets.

The study said planetary fiscal wealthiness besides grew 10.7% successful 2025, reaching $333 trillion, contempt commercialized tensions, tariff disputes and geopolitical instability.

Including existent assets, full planetary nett wealthiness climbed to astir $550 trillion.

Cross-border wealthiness worldwide accrued 8.4% to $15.7 trillion. The apical 10 booking centres accounted for astir 90% of caller offshore flows.

Michael Kahlich, a BCG managing manager and spouse and coauthor of the report, said: “We are seeing wealthiness creation, cross-border superior flows, and concern ecosystems progressively ore into a smaller fig of globally connected hubs. Hong Kong’s emergence reflects the increasing gravitational propulsion of Asian wealthiness and superior markets.”

BCG said offshore wealthiness is progressively clustering astir 2 main hub networks.

One is centred connected Hong Kong and Singapore, serving superior from mainland China, India and Southeast Asia.

The different is anchored by Switzerland, the US and the UK, catering to wealthiness from Europe, the Middle East and Latin America.

Singapore continued to fortify its relation arsenic Asia’s astir diversified offshore wealthiness centre, helped by safe-haven inflows and the ongoing enlargement of its wealthiness absorption ecosystem.

The UAE remained among the fastest-growing booking centres globally, with cross-border wealthiness rising 11.1% successful 2025.

The study besides highlighted uneven wealthiness maturation crossed regions.

Western Europe recorded the strongest maturation among large markets astatine 15.3%, supported by favourable currency movements and precocious household savings rates.

Mainland China’s fiscal wealthiness roseate 15% successful 2025 and is projected to turn 9% annually done 2030.

North American wealthiness maturation slowed to 7.4%, with gains concentrated among a constrictive radical of ample exertion companies.

BCG expects emerging markets to lend astir 10% of planetary wealthiness maturation done 2030.

Those markets are forecast to adhd astir $7 trillion successful fiscal wealthiness by 2030, led by India, Brazil and Mexico.

The affluent-and-above conception — radical with much than $250,000 successful fiscal wealthiness — is expected to turn 8% a twelvemonth crossed these markets.

That would make much than 1 cardinal caller millionaires by the extremity of the decade.