The global value of cross-border wealth increased by 8.4% last year. to $15.7 trillion, driven by “strong markets” and greater demand for geographic diversification. This wealth overwhelmingly flowed to the 10 largest centers in the world, which further increased concentration, says Boston Consulting Group (BCG) in its latest report.
According to BCG, centers in Asia are developing faster than European “safe havens”. Wealth from China and the 2025 IPO boom have helped Hong Kong become a global center for managing $2.95 trillion in cross-border assets.slightly surpassing Switzerland, which has $2.94 trillion in cross-border wealth, according to BCG's “Global Wealth Report 2026.”
“Hong Kong is strengthening its role as China's gateway to global markets, even as this same focus closely ties its trajectory to mainland China's economic and regulatory development,” the report's authors said.
Where did cross-border assets flow in 2025? Top 10
- Hong Kong
- Switzerland
- Singapore
- USA
- Great Britain
- Channel Islands and Isle of Man
- United Arab Emirates
- Luxembourg
- Cayman Islands
- Bahamas
The world's new centers of wealth. Not in Europe anymore
Both Hong Kong and Singapore are expected to continue to grow as cross-border asset management centers at a rate of around 9%. per year by 2030, compared to a projected average of 6%. in Switzerland during the same period.
Despite slower growth rates, Switzerland's diversification could prove to be an advantage as it attracts customers from all regions, while Asian hubs depend heavily on growth in China, the report said.
Capital from the Persian Gulf region flows to Switzerland
As the authors of the report add, geopolitical uncertainty confirms the role of Switzerland, which attracts assets from more unstable regions, such as the Middle East.
Wealthy people are looking to transfer assets from the Persian Gulf region to Switzerland amid the ongoing conflict. bankers and financial advisors told Reuters.
“What ultimately matters is customer proximity,” said Michael Kahlich, co-author of the BCG report, adding that two centers are being built around the world — Singapore and Hong Kong for Asia and Switzerland, Great Britain and United States for the western region.
Source: Reuters, BCG
