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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