Hong Kong may surpass Switzerland as top cross-border wealth hub in 2025

BI also projects cross-border wealth managed in Hong Kong to grow by 12% annually over the next five years.

Hong Kong may surpass Switzerland this year to become the world’s largest cross-border wealth center, managing about $22.6t by end-2025, according to Bloomberg Intelligence (BI).

BI also projects cross-border wealth managed in Hong Kong and Singapore to grow by 12% annually over the next five years, faster than the 10% global pace.

BI said policy support and broader access for mainland Chinese clients and international capital position Hong Kong well as a cross-border hub.

The firm also noted that industry sentiment was largely positive: 85% of respondents expect Asia private-banking AUM and net new money to rise at least 6% a year over the next five years; about a quarter see double-digit growth.