Hong Kong financial secretary Paul Chan cited a recent 2026 global wealth report
estimating the city’s cross‑border wealth management assets rose 10.7% YoY to
about HKD 23 trillion last year, overtaking Switzerland as the world’s largest
cross‑border wealth centre. The report projects Hong Kong‑managed cross‑border
wealth will expand roughly 9% p.a. through 2030. CSRC’s annual Asset and Wealth
Management Activity Survey shows total asset and wealth management business in
Hong Kong exceeds HKD 35 trillion, with 54% of assets sourced from mainland
China and other non‑Hong Kong investors. Chan said AUM doubled and the number of
asset managers nearly doubled between 2015 and 2024.
