Hong Kong has overtaken Switzerland for the first time in cross-border wealth management, according to a study by the Boston Consulting Group published on Wednesday.<\/p>\n
Based on the volume of foreign capital under management in 2025, there were $2.95 trillion of overseas assets in Hong Kong compared with $2.946 trillion in Switzerland.<\/p>\n
The study said Hong Kong\u2019s greater volume \u2014 up 10.7 percent on the previous year \u2014 was driven by \u201cmainland China inflows, strong IPO activity, and equity market gains\u201d.<\/p>\n
Switzerland saw a 7.6-percent increase in the same period.<\/p>\n
Cross-border wealth flows intensified in 2025 despite geopolitical tensions and trade uncertainties, increasing by 8.4 percent to reach $15.7 trillion worldwide, as investors sought to diversify their assets.<\/p>\n
\u201cWe are seeing wealth creation, cross-border capital flows, and investment ecosystems increasingly concentrate into a smaller number of globally connected hubs,\u201d said Michael Kahlich, a co-author of the study, from BCG in Zurich.<\/p>\n
\u201cHong Kong\u2019s rise reflects the growing gravitational pull of Asian wealth and capital markets.\u201d<\/p>\n
Switzerland, though, remains a key financial centre, offering stability and neutrality in an uncertain geopolitical context, the study said.<\/p>\n
The Swiss Bankers Association told AFP that the development had taken shape over several years, with asset growth in China being \u201cexceptionally strong\u201d, from which Hong Kong \u201cdirectly benefits\u201d.<\/p>\n
Swiss banks \u201care present there themselves\u201d, it added, as Asia is one of their growth priorities.<\/p>\n
\u201cFor Switzerland\u2019s future, competitive framework conditions are particularly crucial,\u201d the association pointed out, adding that it was \u201cessential that regulation remains targeted\u201d.<\/p>\n
The Hong Kong government welcomed the study\u2019s findings.<\/p>\n
\u201cWhile global economic gravity shifts eastward, geopolitical tensions further highlight Hong Kong\u2019s role as a safe harbour, reflecting Hong Kong\u2019s appeal as an international financial centre,\u201d said the secretary for financial services and the treasury, Christopher Hui.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong has overtaken Switzerland for the first time in cross-border wealth management, according to a study by…\n","protected":false},"author":2,"featured_media":73162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[167,272,27631,38692,17],"class_list":["post-73161","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-finance","tag-international","tag-mna","tag-mna-featured","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116649249045035234","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/73161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=73161"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/73161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/73162"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=73161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=73161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=73161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}