Hong Kong overtakes Switzerland as world’s top cross-border wealth hub, report shows

Hong Kong has overtaken Switzerland as the top global booking center for cross-border wealth, a first that is unlikely to be reversed as hubs in Asia grow faster than the European safe haven, Boston Consulting Group said Wednesday.

ZURICH — Hong Kong has overtaken Switzerland as the top global booking center for cross-border wealth, a first that is unlikely to be reversed as hubs in Asia grow faster than the European safe haven, Boston Consulting Group said Wednesday.

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Wealth from China and an IPO boom in 2025 helped Hong Kong rise to a $2.95 trillion offshore behemoth for the world’s rich, narrowly surpassing Switzerland’s $2.94 trillion in cross-border wealth, according to BCG’s 2026 Global Wealth Report.

“Hong Kong is cementing its role as China’s gateway to global markets, though that same concentration ties its trajectory tightly to economic and regulatory developments on the mainland,” the authors said.