![\"A](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/AFP-20231207-yuen-hongkong2312-5481-8583-1779869651.jpg\")
<\/p>\nWealth from China and an IPO boom in 2025 helped Hong Kong rise to a $2.95 trillion offshore behemoth for the world’s rich, narrowly surpassing Switzerland’s $2.94 trillion in cross-border wealth, according to BCG’s 2026 Global Wealth \u2060Report released Wednesday.<\/p>\n
“Hong Kong is cementing its role as China’s gateway to global markets, though that same concentration ties its trajectory tightly to economic and regulatory developments on the mainland,” the authors said.<\/p>\n
Both Hong Kong and Singapore are projected to continue growing as cross-border booking centers at around 9% annually through 2030, compared to an expected 6% average in Switzerland over the same period.<\/p>\n
Cross-border wealth globally grew 8.4% to $15.7 trillion last year, driven by strong markets and more demand for geographical diversification, and it flowed overwhelmingly to the world’s top 10 booking centres, further boosting concentration, \u200cBCG \u2060added.<\/p>\n
<\/p>\n
A worker is organizing the jewelry inside a display window at a jewelry store in Hong Kong, China, on December 7, 2023. Photo by NurPhoto via AFP<\/p>\n
Client proximity matters<\/p>\n
Despite slower growth rates, Switzerland’s diversification may prove an advantage as it draws clients from all regions, while the Asian hubs largely depend on growth in China, the report added.<\/p>\n
“Geopolitical uncertainty reaffirms Switzerland’s role as a core global booking centre, attracting flight-to-safety flows from more volatile regions such as the \u2060Middle East,” BCG said.<\/p>\n