Hong Kong has overtaken Switzerland for the first time to become the world's leading financial center for foreign capital placement. According to a report by Boston Consulting Group, this is driven by capital inflows from mainland China and the recovery of the local stock market.
Foreign assets in Hong Kong reached $2.95 trillion, a 10.7% increase. Switzerland saw $2.946 trillion, up 7.6%.
BCG predicts that by 2030, the gap between Hong Kong and Switzerland will reach approximately $600 billion.
Despite tariff wars and macroeconomic instability, global private wealth has risen to $333 trillion.
Hong Kong has also seen a 25% increase in family office structures, now totaling 3,384.
