Cross-border wealth in Hong Kong surged 10.7% to $2.9 trillion in 2025, surpassing Switzerland for the first time.
Hong Kong became the world’s largest cross-border wealth hub in 2025, with offshore assets rising 10.7% to $2.9 trillion. The growth was fueled by inflows from mainland China, robust IPO activity, and equity market gains.
Global financial wealth also climbed 10.7% to $333 trillion last year, while total net wealth, including real assets, neared $550 trillion. Cross-border wealth worldwide increased 8.4% to $15.7 trillion, with the top ten booking centers capturing nearly 90% of new offshore flows.
Offshore wealth is increasingly concentrated in two hub networks: one centered on Hong Kong and Singapore, serving Asian capital, and another anchored by Switzerland, the US, and the UK, catering to European and Middle Eastern wealth.