Hong Kong has surpassed Switzerland to become the world's top offshore wealth hub. Offshore assets held in the city reached $2.9 trillion in 2025.
Hong Kong has become the world's top wealth hub, surpassing Switzerland. Offshore assets in Hong Kong reached $2.9 trillion in 2025. Global private fortunes also saw significant growth during the same period.
Financial firms in Hong Kong managed a record HK$42.2 trillion in assets last year, up 20 per cent from 2024, the Securities and Futures Commission reported.
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Hong Kong financial secretary Paul Chan Mo-po said authorities are expected to roll out measures next month to strengthen the city's role as an offshore yuan hub and increase the number of listed firms trading stocks in renminbi.
A Goldman Sachs report projects that China, India and the United States will lead the world's economies in 2075. The study examines 104 countries and places Colombia in 27th position.
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Hong Kong's finance chief Paul Chan forecasts first-quarter GDP growth exceeding 4%, the strongest in nearly five years, driven by a 17% rise in visitors and 5.2% gain in retail and catering spending. The preliminary figure is due on Tuesday.