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The report stated Switzerland’s diversification may be an advantage as it attracts clients from all regions while the Asian hubs are largely dependent on growth in China.
It is predicted that both Honk Kong and Singapore will continue to grow as cross-border booking centres at around 9% annually through 2030.
For the first time, Hong Kong has overtaken Switzerland as the top global booking centre for cross-border wealth.
Reuters quoted Boston Consulting Group’s 2026 Global Wealth Report stating that wealth from China and an IPO boom in 2025 helped Hong Kong rise to a $2.95 trillion offshore behemoth for the world’s rich, narrowly surpassing Switzerland’s $2.94 trillion in cross-border wealth.
“Hong Kong is cementing its role as China’s gateway to global markets, though that same concentration ties its trajectory tightly to economic and regulatory developments on the mainland,” the authors said.
It is predicted that both Honk Kong and Singapore will continue to grow as cross-border booking centres at around 9% annually through 2030, compared to an expected 6% average in Switzerland over the same period.
BCG stated that cross-border wealth globally grew 8.4% to $15.7 trillion last year due to strong markets and more demand for geographical diversification.
Meanwhile, the report has stated that Switzerland’s diversification, despite slower growth rates, may be an advantage as it attracts clients from all regions while the Asian hubs are largely dependent on growth in China.
“Geopolitical uncertainty reaffirms Switzerland’s role as a core global booking centre, attracting flight-to-safety flows from more volatile regions such as the Middle East,” BCG said.
“What ultimately matters is client proximity,” said Michael Kahlich, who co-authored the BCG report, adding that two hubs are forming globally – Singapore and Hong Kong for Asia, and Switzerland, the UK, and the US for the Western region.
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