Hong Kong overtakes Switzerland as world’s top cross-border wealth hub on China ties, report shows

Driven by rising Chinese wealth and a strong IPO market, Hong Kong has narrowly surpassed Switzerland as the world’s largest cross-border wealth hub, according to Boston Consulting Group’s latest global wealth report.

Hong ​Kong has overtaken Switzerland as the top global booking centre for cross-border wealth, ‌a first that is unlikely to be reversed as hubs in Asia grow faster than the European safe-haven, Boston Consulting Group said on Wednesday.