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Report: Hong Kong's wealth management scale increased to 23 trillion last year, surpassing Switzerland to rank first.
The Boston Consulting Group (BCG) released the "Global Wealth Report 2026" showing that Hong Kong's wealth management increased by 10.7% last year to $2.95 trillion (approximately HKD 23.01 trillion), surpassing Switzerland's $2.94 trillion for the first time.
Boston Consulting Group (BCG) released the "Global Wealth Report 2026," which shows that Hong Kong's wealth management scale increased by 10.7% to $2.95 trillion (approximately HK$23.01 trillion) last year, surpassing Switzerland's $2.94 trillion for the first time, becoming the global leader in wealth management. The report indicates that the growth in Hong Kong's wealth management scale last year was mainly driven by factors such as funds from mainland China, last year's IPO boom, and the prosperous stock market. Mainland Chinese funds accounted for about 60% of the inflow into Hong Kong's asset management scale, solidifying Hong Kong's position as a gateway from China to the global market. Looking ahead, the report expects Hong Kong to maintain an annual growth rate of around 9% to $4.6 trillion by 2030, higher than Switzerland's 6% growth rate. Switzerland, ranking second, saw its wealth management scale increase by 7.6% to $2.94 trillion last year, mainly from clients in Western Europe, accounting for 40%. The annual growth rate is expected to reach 6% to $4 trillion by 2030. Singapore, ranking third, saw its wealth management scale rise by 10.3% to $2.1 trillion last year, serving as a bridge connecting Western and Asian markets. There are already more than 2,000 single-family offices and 100 independent wealth management companies in the region. The expected annual growth rate by 2030 is 9% to $3.3 trillion. BCG stated that the global wealth management scale increased by 8.4% to $157 trillion last year, mainly concentrated in the top 10 investment centers globally, benefiting from strong global financial market performance.
Standard Chartered Bank has announced the launch of Hong Kong's first institution-level custody service for encrypted assets provided by a globally systemically important bank.
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