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Hong Kong's Cross-Border Wealth Management Assets Hit HK$23 Trillion, Surpasses Switzerland on May 31

GateNews
According to Xinhua News Agency and Hong Kong Finance Secretary Chen Maobo's blog post on May 31, Hong Kong's cross-border wealth management assets grew 10.7% year-over-year to approximately HK$23 trillion last year, surpassing Switzerland to become the world's leading cross-border wealth management center. Hong Kong's total asset management business exceeded HK$35 trillion, with 54% of funds sourced from mainland China and overseas investors, reflecting sustained internationalization of the sector.
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