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Hong Kong Overtakes Switzerland as World’s Top Cross-Border Wealth Hub

Hong Kong, 27 May 2026 – Hong Kong has overtaken Switzerland as the world’s largest cross-border wealth booking centre, marking a historic shift in global private banking and reinforcing Asia’s growing influence in the management of international wealth.

According to Boston Consulting Group’s 2026 Global Wealth Report, Hong Kong managed US$2.95 trillion in cross-border wealth in 2025, narrowly ahead of Switzerland’s US$2.94 trillion. It is the first time Hong Kong has taken the top position, supported by strong wealth flows from mainland China and a rebound in capital-market activity, including an IPO boom in 2025.

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Author

  • Rebecca Hsu is a Senior Economist and Lead Analyst for The Ledger Asia, focusing on the rapidly evolving financial landscapes of East and Southeast Asia. With a background in sovereign risk assessment and emerging market trends, Rebecca provides sharp commentary on trade dynamics, monetary policy, and the digital economy's impact on regional growth.

    Formerly a strategic advisor for major financial institutions in Hong Kong, she excels at translating complex macroeconomic shifts into actionable insights for investors and policymakers. Her work at The Ledger Asia centers on China’s economic transition and the burgeoning manufacturing hubs of ASEAN, ensuring readers stay ahead of Asia’s shifting financial tides.

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