Financial Services chief confident about HK’s strength in wealth management

Hong Kong surpassed Switzerland to become the world's largest cross-border wealth management centre.

Secretary for Financial Services and the Treasury Christopher Hui said Hong Kong's "One Country, Two Systems" principle can cope with global changes, and he is confident in continuing to be a wealth management hub.

According to the "2026 Global Wealth Report," Hong Kong manages US$3 trillion in cross-border assets, surpassing Switzerland to become the world's number one cross-border wealth management centre. The report predicts that the number will grow by approximately 9% annually until 2030.

Secretary for Financial Services and the Treasury Christopher Hui expressed confidence in continuing to lead the sector.

Hui said: “We have received recognition from the international market for our past work in both the economic and asset management markets. Furthermore, it comes back to Hong Kong's core advantage, namely "One Country, Two Systems." In the current rapidly evolving global landscape, different levels and types of funds seek to diversify their investments, and Hong Kong, as a safe and predictable location, is a good option for many.