China News Service, Hong Kong, May 29 (Reporter Wei Huadu) The latest report from the Boston Consulting Group stated that Hong Kong's wealth management scale will reach US$2.95 trillion in 2025, surpassing Switzerland for the first time to become the world's largest cross-border wealth management center. Experts interviewed said that this will further consolidate Hong Kong’s positioning as a “super contact” and enhance its development resilience and competitiveness.

The Boston Consulting Group report pointed out that the rapid growth of cross-border wealth management in Hong Kong is mainly due to the continued inflow of wealth from mainland China, the hot new stock market and the strong performance of the stock market. Mainland capital inflows account for about 60% of Hong Kong's assets under management, and Hong Kong is further consolidating its position as the mainland's gateway to international markets.

In this regard, Zhuang Tailiang, associate professor of the Department of Economics at the Chinese University of Hong Kong, said in an interview with a reporter from China News Service on the 29th that Hong Kong must maintain a stable financial environment to attract funds from the Middle East, Europe and the United States. While pursuing "living money" and expanding investment, we must also strengthen supervision to prevent Hong Kong from becoming a hotbed of illegal funds. It is believed that Hong Kong can maintain its number one position in the world in the future by relying on its resilience as a "super connector" and the continued inflow of mainland funds.

The picture shows the Hong Kong International Financial Center Building and Victoria Harbour. Photo by China News Service reporter Li Zhihua

People in the financial industry pointed out that Hong Kong’s growth momentum in the field of wealth management has solid structural support, including the continued inflow of mainland funds and the increase in the number of family offices. The industry is generally confident in its prospects and is actively seizing the opportunities arising from the financial integration process of the Guangdong-Hong Kong-Macao Greater Bay Area and the rapid growth of wealth in the Asia-Pacific, and is striving to consolidate Hong Kong's position as the world's leading wealth management center.

The Hong Kong Private Wealth Management Association quoted the UBS Global Wealth Management Report as saying that the Asia-Pacific region is ushering in an intergenerational wealth transfer of up to US$11 trillion. The resulting wealth management demand will bring huge growth space to the Hong Kong wealth management industry. The agency believes that Hong Kong provides investors with a wide range of international investment channels and has become a safe haven for capital amid geopolitical turmoil.

“This is by no means the end.” Dong Yiyue, Executive Director of the Hong Kong Financial Development Council, believes that with its deep, mature and liquid financial market, sound regulatory system and increasing global connectivity capabilities, Hong Kong is expected to maintain a strong development momentum and consolidate its position as a leading international wealth hub. In 2025, the number of newly established funds in Hong Kong has surpassed that of the Cayman Islands. Limited partnership funds and open-end fund companies have shown good development momentum, and the number of family offices has also increased significantly, reflecting Hong Kong's increasing attractiveness as the preferred destination for global wealth.