Hong Kong Wealth Centre Becomes World's Largest as Family Offices Drive Growth

Hong Kong's position as a leading Hong Kong wealth centre has strengthened after the city overtook Switzerland to become the world's largest offshore asset management hub, supported by rising mainland Chinese capital and rapid expansion in family offices.

According to Boston Consulting Group data cited by Nikkei, offshore assets under management reached USD2.95tr in 2025, an increase of 11% from a year earlier.

Mainland Chinese investors accounted for 59% of total assets under management, with BCG forecasting that share will rise to 68% by 2030 as cross-border wealth continues to expand.

Deloitte China estimates the number of family offices operating in Hong Kong increased 25% over the past two years to 3,384 in 2025.

Analysts said favourable tax incentives, unrestricted capital movement, sophisticated financial infrastructure and direct access to mainland China continue to attract global financial institutions and ultra-high-net-worth families.

These advantages are expected to reinforce Hong Kong's status as the region's premier offshore wealth centre and family office destination.