Hong Kong Ranked World’s Largest Cross-Boundary Wealth Management Centre
According to the Global Wealth Report 2026 published by Boston Consulting Group on May 27, 2026, Hong Kong is now the world’s largest cross-boundary wealth management centre. The report further projects that from 2025 to 2030, cross-boundary wealth managed in Hong Kong will grow at an average annual rate of 9%, maintaining its top global position and fully affirming its status as a world-leading centre for cross-boundary wealth management.
The Financial Secretary, Mr Paul Chan, noted that the National 15th Five-Year Plan clearly supports Hong Kong in strengthening its functions as an international asset and wealth management centre, a key component of Hong Kong’s “Finance +” development strategy. In recent years, the HKSAR Government has worked closely with the financial sector to enhance financial infrastructure and the overall ecosystem, broaden the range of investment products and risk management tools, and deepen connectivity with global capital markets. Leveraging the advantages of “one country, two systems,” together with free, open, transparent and predictable economic policies and a stable and secure investment environment, Hong Kong is attracting an increasing number of ultra-high-net-worth individuals and family offices to establish and invest in the city.
He added that wealth generated by technological innovation and the rapid development of artificial intelligence-related industries are expected to accelerate demand for asset and wealth management services in the Mainland and across Asia. This will create broader development opportunities for Hong Kong’s asset and wealth management sector. The HKSAR Government will continue to capitalise on this momentum to consolidate and enhance Hong Kong’s status and functions as an international financial centre.
The Secretary for Financial Services and the Treasury, Mr Christopher Hui, stated that the current-term Government has been strengthening Hong Kong’s competitive advantages as a leading asset and wealth management centre. Following the issuance of the Policy Statement on Developing Family Office Businesses in Hong Kong in March 2023, the Government has implemented various measures, including providing profits tax concessions to eligible single family offices managing family-owned investment holding vehicles and launching the New Capital Investment Entrant Scheme (New CIES). Legislative proposals will be introduced into the Legislative Council next month to further enhance the preferential tax regimes for funds, single family offices and carried interest, thereby strengthening tax competitiveness and attracting more funds and family offices to set up and operate in Hong Kong.
Asset and wealth management is a priority growth area of Hong Kong’s financial services industry. The Government achieved its target set in the Chief Executive’s 2022 Policy Address ahead of schedule in September 2025, facilitating at least 200 family offices to set up or expand in Hong Kong. It will strive to facilitate at least 220 additional family offices from 2026 to 2028. According to findings of a consultancy study commissioned by Invest Hong Kong and published in February 2026, more than 3,380 single family offices were operating in Hong Kong as of end-2025, representing an increase of about 680 offices, or over 25%, in two years.
Since its launch in March 2024, the New CIES has been steadily attracting global high-net-worth individuals and capital inflows. As of end-April 2026, nearly 3,600 applications had been received, representing an anticipated investment value of approximately HK$108 billion.
These developments highlight Hong Kong’s competitive edge in the global investment landscape and demonstrate strong market confidence in the city.
https://www.info.gov.hk/gia/general/202605/27/P2026052700809.htm
