Hong Kong overtakes Switzerland as world's largest cross-border wealth hub, BCG finds

A cross-border wealth growth of “around 9% annually is projected through 2030” for Hong Kong, according to BCG. (Photo: South China Morning Post)

Hong Kong has overtaken Switzerland as the world's largest cross-border wealth hub, driven by an initial public offering (IPO) bonanza and capital inflows from mainland China, according to Boston Consulting Group (BCG).Cross-border wealth booked in Hong Kong climbed 10.7% in 2025 to US$2.95 trillion, narrowly beating Switzerland's US$2.94 trillion after rising 7.6% last year, the international consultancy said in its latest global wealth report released on Wednesday.

"These shifts are reshaping the geography of global wealth," said Michael Kahlich, a managing director at BCG and a co-author of the report. "Hong Kong's rise reflects the growing gravitational pull of Asian wealth and capital markets."

He added that cross-border capital flows had concentrated into a smaller number of globally connected hubs.

BCG's finding represented an endorsement of Hong Kong's "superconnector" role as a vital link between mainland and international capital markets.