Hong Kong continues to cement itself as the world’s leading wealth hub with assets under management reaching an all-time high, driven in part by a rise in private banking.
Assets under management in Hong Kong rose 20% year-on-year in 2025 to reach a record high of HKD42.2 trillion (USD5.4 trillion), according to a report by the city’s securities regulator. This includes a 24% increase in assets from private banking and private wealth management business to USD1.7 trillion.
“2025 highlighted Hong Kong’s unparalleled resilience to worldwide headwinds and growing influence as a leading asset and wealth management hub, driven by the unwavering confidence of global investors, vibrant market innovation and a world-class talent pool,” said Elisa Ng, executive director of investments products at the Securities and Futures Commission (SFC). “Looking ahead, the SFC remains committed to continued regulatory enhancements to foster Hong Kong’s competitiveness as a premier international financial centre and a leading offshore renminbi hub.”
In a recent Boston Consulting Group report, Hong Kong was named as the world’s largest cross-border wealth hub with USD2.9 trillion of offshore assets booked in the city, up 10.7%, surpassing Switzerland for the first time ever.
