Hong Kong is the world’s largest cross-boundary wealth management centre, according to the Global Wealth Report 2026 published by Boston Consulting Group today.

Moreover, the report projected that from 2025 to 2030, cross-boundary wealth managed by Hong Kong will grow 9% on average annually and maintain first place globally, fully affirming the city’s position as a world-leading cross-boundary wealth management centre.

Financial Secretary Paul Chan said the National 15th Five-Year Plan clearly supports Hong Kong in strengthening its functions as an international asset and wealth management centre, which is also a key component of Hong Kong’s “Finance+” development strategy.

He highlighted that as global investors are actively seeking diversified asset allocation, Hong Kong, leveraging its advantages of “one country, two systems” whilst complemented by transparent economic policies, secure investment environment and cross-market connectivity, is attracting more and more ultra-high-net-worth individuals and family offices to establish a presence and invest in the city.

Mr Chan added: “Benefiting from the wealth generated by technological innovation and the rapid development of industries related to artificial intelligence, demand for asset and wealth management in the Mainland and the Asian region is set to grow at an accelerated pace. This is expected to open up greater room for development for Hong Kong’s asset and wealth management sector.

“The Government will continue to grasp and propel this wave of development to consolidate and enhance Hong Kong’s status and function as an international financial centre.”

Secretary for Financial Services & the Treasury Christopher Hui said the current-term Government strives to reinforce Hong Kong’s competitive advantages as a leading asset and wealth management centre.

“The Government will introduce legislative proposals into the Legislative Council next month to further enhance the preferential tax regimes for funds, single family offices and carried interest, so as to further enhance the competitiveness of the tax regimes, and attract more funds and family offices to set up and operate in Hong Kong.”

Mr Hui remarked that as global economic gravity shifts eastward, geopolitical tensions further highlight Hong Kong’s role as a safe harbour and reflect Hong Kong’s appeal as an international financial centre.

“Amid the global environment of heightened geopolitical risks, we will work concertedly with the industry to continue driving the growth momentum of Hong Kong’s asset and wealth management industry,” he stressed.