Hong Kong becomes the world’s largest cross-border wealth management hub, overtaking Switzerland for the first time, according to reporting that cites the 2026 Global Wealth Report by Boston Consulting Group (BCG). The sources say Hong Kong achieves the shift roughly two years earlier than market expectations. They attribute the rise to the growth of Hong Kong’s financial markets and its ability to attract cross-border wealth, including flows connected to the Chinese mainland.
The reporting states that Hong Kong ends 2025 with about US$2.95 trillion in cross-border assets under management, which is described as up 10.7% year-on-year. One source also says the city is likely to keep its leading position, though it does not provide detailed conditions or timelines beyond the expectation of continued leadership.
Taken together, the accounts describe a change in ranking based on the measured level of cross-border assets under management, with Hong Kong taking the top spot from Switzerland as early as 2025 and continuing into 2026 based on the report’s outlook.
