Hong Kong Matches Switzerland at $2.9 Trillion in Wealth
Hong Kong matched Switzerland at $2.9 trillion in cross-border wealth, according to Boston Consulting Group, putting the city at the top of the global ranking. The report says Hong Kong is set to pass Switzerland by the end of the decade, with cross-border wealth already concentrated in a smaller group of booking centers. For investors and private banks, the center of gravity is shifting toward Asia.
Hong Kong and Switzerland
$2.9 trillion is the current Hong Kong total, while Switzerland is projected to reach $4 trillion by 2030. Hong Kong is slated to climb to $4.6 trillion by the end of the decade. That leaves it ahead of Switzerland on the report’s path line, after the two centers were described as matched at the current level.
2.1 trillion is Singapore’s figure at the end of 2025, and the city-state is expected to expand to $3.3 trillion. The report describes Singapore as the most diversified wealth hub in Asia and a neutral conduit between Asian and Western capital markets, a profile that keeps it in the same race even as Hong Kong moves faster.
Top 10 booking centers
Almost 90 per cent of new cross-border flows went to the top 10 booking centers, while those same centers held over 80 per cent of the existing stock. The concentration leaves smaller wealth hubs with less room to take share, even as the overall pool grows.
8.4 per cent was the rise in cross-border wealth in 2025, bringing the total to $15.7 trillion. Total global financial wealth rose 10.7 per cent from a year ago to $333 trillion, and net wealth reached $550 trillion when real assets such as property were included. Equities surged by 13.2 per cent, real assets expanded by 7.4 per cent, and gold rose by about 44 per cent.
US trails Asia hubs
$1.6 trillion was the US total as of last year, making it the fourth-largest cross-border financial center. The US is projected to rise to $2.1 trillion by the end of this decade, still well behind Hong Kong’s $4.6 trillion path and Switzerland’s $4 trillion trajectory.
More than 2,000 single family offices and more than 100 independent wealth management firms have been attracted to Singapore, reinforcing the region’s pull for cross-border capital. The practical takeaway for private banks is simple: the largest pools are moving deeper into Asia, and the fastest-growing centers are the ones with the scale, market access, and booking infrastructure to capture it.
