Hong Kong surpasses Switzerland as leading cross‑border wealth hub

Hong Kong has become the world’s leading booking centre for cross‑border wealth, according to Boston Consulting Group’s 2026 Global Wealth Report. It recorded $2.95 trillion in offshore assets, narrowly ahead of Switzerland’s $2.94 trillion.

The report attributes Hong Kong’s rise to strong ties with China and a surge of IPO activity in 2025, projecting 9 % annual growth for Hong Kong and Singapore through 2030, versus an expected 6 % for Switzerland.

Switzerland, long seen as a secrecy haven, is repositioning itself as a compliance‑focused hub. Recent international agreements such as the Automatic Exchange of Information, the Common Reporting Standard and FATCA, together with stricter AML and KYC rules, are reshaping its financial sector toward transparency and political neutrality, aiming to attract high‑value, legitimate business.

While Hong Kong’s trajectory remains linked to mainland China’s economic and regulatory environment, Switzerland’s diversification and safe‑haven status continue to draw wealth from regions like the Middle East, offering a contrast between the two centres.