Hong Kong Cross-Border Wealth Set to Overtake Switzerland at USD2.9tr

Hong Kong cross-border wealth is rebounding strongly and is poised to surpass Switzerland in 2025, with USD2.9tr projected by year-end, according to Bloomberg Intelligence’s Asia Private Wealth Survey. Respondents expect Hong Kong and Singapore to post cross-border wealth growth of 12% annually over the next five years, above the 10% global rate. Mainland China is forecast to generate 30% of new regional clients in the period, while the Middle East is emerging as a rising source of capital. Technology, particularly AI, was cited as the top driver of asset growth, with equities, private equity, digital assets and hedge funds expected to draw the largest inflows as investor risk appetite rises.