Pakistan, May 31 -- Hong Kong has overtaken Switzerland for the first time in cross-border wealth management, according to a study by the Boston Consulting Group published on Wednesday. Based on the volume of foreign capital under management in 2025, there were $2.95 trillion of overseas assets in Hong Kong compared with $2.946 trillion in Switzerland. The study said Hong Kong's greater volume - up 10.7 percent on the previous year - was driven by "mainland China inflows, strong IPO activity, and equity market gains".

Switzerland saw a 7.6-percent increase in the same period. Cross-border wealth flows intensified in 2025 despite geopolitical tensions and trade uncertainties, increasing by 8.4 percent to reach $15.7 trillion worldwide, as...