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Swiss unfazed by Hong Kong’s rise as wealth hub

ZURICH - Though Hong Kong has overtaken Switzerland as the number one in cross-border wealth management, rather than enter panic mode, Swiss banks seem unruffled — feeling it bolsters the case against looming tighter banking regulations.

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Swiss unfazed by Hong Kong’s rise as wealth hub

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Hong Kong rises to world No.1 cross-boundary wealth hub

Hong Kong became the world's top cross-boundary wealth hub (US$2.9T, +10.7%), displacing Switzerland. For tech leaders, this hub status attracts venture capital and startup ecosystems to APAC; expect increased funding availability and talent competition in Asia.

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Swiss unfazed by Hong Kong’s rise as wealth hub

Hong Kong rises to world No.1 cross-boundary wealth hub

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Hong Kong rises to world No.1 cross-boundary wealth hub

Swiss unfazed by Hong Kong’s rise as wealth hub