{"id":73307,"date":"2026-05-28T06:07:13","date_gmt":"2026-05-28T06:07:13","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/73307\/"},"modified":"2026-05-28T06:07:13","modified_gmt":"2026-05-28T06:07:13","slug":"hong-kong-beats-switzerland-in-global-wealth-management-study-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/73307\/","title":{"rendered":"Hong Kong beats Switzerland in global wealth management: study"},"content":{"rendered":"<p class=\"wp-block-paragraph\">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<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1050\" height=\"700\" src=\"https:\/\/hongkongfp.com\/wp-content\/uploads\/2023\/05\/1228885-Copy-1050x700.jpg\" alt=\"Hong Kong cityscape Victoria Harbour skyline\" class=\"wp-image-445615\"  \/>Hong Kong. Photo: GovHK. <\/p>\n<p class=\"wp-block-paragraph\">Based on the volume of foreign capital under management in 2025, there were US$2.95 trillion of overseas assets in Hong Kong compared with US$2.946 trillion in Switzerland.<\/p>\n<p class=\"wp-block-paragraph\">The study <a href=\"https:\/\/www.bcg.com\/publications\/2026\/global-wealth-growth-in-an-era-of-reordering\" rel=\"nofollow noopener\" target=\"_blank\">said<\/a> 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<p class=\"wp-block-paragraph\">Switzerland saw a 7.6-percent increase in the same period.<\/p>\n<p class=\"wp-block-paragraph\">Cross-border wealth flows intensified in 2025 despite geopolitical tensions and trade uncertainties, increasing by 8.4 percent to reach US$15.7 trillion worldwide, as investors sought to diversify their assets.<\/p>\n<p class=\"wp-block-paragraph\">\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<p class=\"wp-block-paragraph\">\u201cHong Kong\u2019s rise reflects the growing gravitational pull of Asian wealth and capital markets.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Switzerland, though, remains a key financial centre, offering stability and neutrality in an uncertain geopolitical context, the study said.<\/p>\n<p class=\"wp-block-paragraph\">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<p class=\"wp-block-paragraph\">Swiss banks \u201care present there themselves\u201d, it added, as Asia is one of their growth priorities.<\/p>\n<p class=\"wp-block-paragraph\">\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<p class=\"wp-block-paragraph\">The Hong Kong government welcomed the study\u2019s findings.<\/p>\n<p class=\"wp-block-paragraph\">\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 <a href=\"https:\/\/www.info.gov.hk\/gia\/general\/202605\/27\/P2026052700809.htm\" rel=\"nofollow noopener\" target=\"_blank\">said<\/a> the secretary for financial services and the treasury, Christopher Hui.<\/p>\n<p class=\"has-text-align-center has-background has-small-font-size wp-block-paragraph\" style=\"background-color:#edf7ff;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--20)\">Safeguard press freedom; 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