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Hong Kong overtakes Switzerland as world’s top wealth hub

Boston Consulting Group’s 2026 Global Wealth Report reveals Hong Kong’s cross-border wealth surged 10.7% to $2.95 trillion last year, surpassing Switzerland ($2.94 trillion) to become the world’s largest offshore wealth center for the first time. This was driven by mainland Chinese capital inflows, a booming 2025 IPO market, and strong stock performance, though it ties Hong Kong’s future closely to mainland economic dynamics. Singapore ranked third, growing 10.3% to $2.1 trillion. By 2030, BCG projects Hong Kong and Singapore will sustain 9% annual growth, reaching $4.6 trillion and $3.3 trillion respectively, while Switzerland will grow at 6%.

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