According to Boston Consulting Group’s latest Global Wealth Report, Hong Kong is projected to surpass Switzerland as the top hub for foreign (cross-border) wealth by 2028. For online entrepreneurs, digital investors, and anyone managing global capital—this is more than just a financial headline. It’s a signal.
📊 The Data Behind the Prediction
BCG’s forecast is rooted in hard numbers:
Switzerland currently holds ~$2.6 trillion in cross-border assets.
Hong Kong is close behind at ~$2.4 trillion.
But here’s the game-changer: Hong Kong is growing at 6% annually, while Switzerland lags at 3.6%.
By 2028, projections show:
Hong Kong: $3.2 trillion
Switzerland: $3.1 trillion
For the first time in decades, the Swiss financial fortress may fall to a faster, more globally connected rival.
🌏 Why Hong Kong’s Star Is Rising
Several high-impact factors are fueling this rise:
Strategic location: As the gateway to mainland China and the wider Asia-Pacific, Hong Kong is at the epicenter of what BCG expects to be 30% of all new global wealth creation by 2028.
Family office incentives: Hong Kong’s government has aggressively supported wealth migration with tax incentives, LPF (limited partnership fund) structures, and an overhaul of its family office framework.
Institutional growth: Over 2,700 single-family offices now call Hong Kong home—outpacing even Singapore.
🧱 But It’s Not a Straight Climb
Hong Kong’s ascent isn’t without friction:
2023 saw only ~3.2% growth due to weaker mainland inflows and some capital shifts toward Singapore.
Singapore is growing faster at ~8.5% CAGR, positioning it as a wildcard challenger.
Switzerland faces its own headwinds: the Credit Suisse collapse and increasing global pressure on banking secrecy are denting its “neutral” legacy.
💼 What This Means for Entrepreneurs & Wealth Managers
This shift isn’t just about location—it’s about strategy. For forward-thinking entrepreneurs and financial leaders, here’s what to consider:
Expand east: A presence in Hong Kong gives you proximity to Asia’s wealth boom, including family offices and high-net-worth clients in China, India, and Southeast Asia.
Diversify your wealth hubs: Consider triangulating your international strategy across Hong Kong, Singapore, and Switzerland to hedge against political and economic volatility.
Leverage emerging structures: Hong Kong’s regulatory reforms now offer one of the most streamlined environments for managing wealth through trusts, family offices, and limited partnerships.
✅ Final Takeaways
By 2028, Hong Kong is expected to surpass Switzerland as the top offshore wealth hub.
Asia is the next wealth frontier—and Hong Kong is positioning itself as its financial capital.
Entrepreneurs managing cross-border capital should start building infrastructure now to tap into this momentum.
🔔 Want more strategic insights on the future of wealth and digital entrepreneurship?
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