Hong Kong ranks ahead of Switzerland for the first time in cross-border wealth management, according to a Boston Consulting Group study published this week. The research compares the volume of overseas assets managed from each location, using 2025 figures for foreign capital under management. It finds that overseas assets handled in Hong Kong total US$2.95 trillion, marginally higher than the US$2.946 trillion figure for Switzerland. The results indicate a shift in where international wealth management flows are concentrated, with Hong Kong moving into first place based on this cross-border assets measure. The study’s comparison is focused on assets managed for clients abroad rather than on domestic holdings. Both outlets report the same figures and sourcing, citing the Boston Consulting Group study and its publication date.