Hong Kong has narrowly overtaken Switzerland to become the world’s largest cross-border wealth hub. Offshore assets booked in the Asian city in 2025 rose 10.7% to $2.9 trillion.TWO HUB NETWORKS Hong Kong and Singapore form a growing ecosystem serving Asian capital. Switzerland, the US and the UK remain primary conduits for European, Middle Eastern and Latin American wealth. AgenciesGLOBAL WEALTH SURGEGlobal private fortunes expanded at their fastest pace since 2021, reaching a total of $333 trillion in 2025, despite tariffs and macroeconomic instabilityA MILLION MILLIONAIRESEmerging markets are expected to add nearly $7 trillion in financial wealth by 2030, led by India, Brazil, and Mexico. The affluent-and-above segment is forecast to grow 8% annually across these marketsThis is expected to create more than one million new millionaires by the end of the decadeWHY WEALTH FLOWS TO HK BCG forecasts Hong Kong’s lead will widen to nearly $600 billion by 2030, fuelled by China’s manufacturing strength and a revival in Hong Kong’s IPO market.