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The Economic Times
The Economic Times
World

Hong Kong overtakes Switzerland as world's top cross-border wealth hub on China ties, report shows

Switzerland Hong Kong China UBS BCG Asia IPO

ZURICH: Hong Kong has overtaken Switzerland as the top global booking centre 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 ⁠on Wednesday.

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.

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