Hong Kong Wealth Hub Rise Over Switzerland Seen as “Milestone, Not Finish Line”

Hong Kong’s Financial Services Development Council said the city’s rise above Switzerland as the world’s leading booking centre for cross-border wealth represents an important achievement but not the endpoint of its ambitions as an international financial centre.

The Hong Kong wealth hub assessment follows findings in Boston Consulting Group’s 2026 Global Wealth Report highlighting the shift.

FSDC executive director Rocky Tung said the Hong Kong wealth hub remains well positioned to sustain long-term growth because of its deep capital markets, strong regulatory framework and broad international connectivity.

He added that the city continues attracting family offices, private market participants and global investors seeking access to mainland China and wider Asian opportunities.

Tung also pointed to strong momentum in Hong Kong’s Limited Partnership Funds and Open-ended Fund Companies structures, noting that new fund setups in the city surpassed those in the Cayman Islands during 2025.

The comments reinforce Hong Kong’s broader push to strengthen its role as a regional centre for cross-border wealth management and alternative investment activity.