Hong Kong has edged past Switzerland to become the world's largest cross-border wealth hub, with $2.95 trillion in assets under management versus Switzerland's $2.94 trillion, according to the Boston Consulting Group's Global Wealth Report 2026.
The shift is driven largely by capital flowing from mainland China into Hong Kong's financial system. In 2025, Hong Kong's cross-border wealth grew 10.7%, fueled by a booming IPO market and strong equity performance. Global cross-border wealth rose 8.4% to $15.7 trillion.
Looking ahead, Hong Kong and Singapore are projected to grow at about 9% annually through 2030, outpacing Switzerland's 6%.
By mid-2025, 22 banks in Hong Kong had authorization to distribute digital asset products, and over 70% of family offices in the city had invested in or were considering digital assets.
For investors, this creates a significant demand channel for crypto and digital assets, but risks remain tied to Beijing's regulatory stance.