Posted on 05/28/2026 5:59:08 AM PDT by delta7
Hong Kong has overtaken Switzerland as the world’s biggest cross-border wealth hub for the first time, as an influx of investment from the Chinese mainland helped it eclipse the traditional haven.
Wealth managers in the Chinese territory booked $2.9tn of international assets in 2025, according to estimates from the Boston Consulting Group. About 60 per cent of that came from mainland China, with BCG forecasting that the rapid increase in Asian fortunes would widen the gap between Hong Kong and Switzerland to almost $600bn by the end of the decade.
China’s growth has been bolstered by a return of equity capital markets activity in Hong Kong that has allowed companies to raise funds offshore, as well as the country’s manufacturing dominance in sectors such as electric vehicles.
But the rise of the Asian city as a cross-border hub also reflects broader shifts in global wealth flows, with clients seeking to spread their assets across multiple jurisdictions to hedge against geopolitical tensions, sanctions risks and political instability. “This is a completely new phenomenon. I haven’t seen anything like it,” said Michael Pellman Rowland at Baseline Wealth Management, a Swiss-based independent manager with global clients....
“...as a citizen in China you can walk in to any bank and buy/ sell Gold, trade your Yuan in for Gold or trade your Gold for Yuan currency at your bank. Can’t do that in the U.S. since Roosevelt confiscated US citizens Gold.”
I have plenty of physical gold. Bought it here in the US. When are the Feds going to show up at my doorstep and confiscate it?
Any wealthy person storing their wealth in Hong Kong is an idiot. Its at risk of being seized or controlled by China.
Living in the past in also not in the facts.
Can buy and sell gold easy in the US and do so without the Government knowing, unlike in China.
Yup. Just like that.
Theft does not redound well upon its practitioners.
At last news I can use.
My first thought. What a great idea!?!?!?
Really, who would trust them?
Eh, risky choice.
The reason for this, of course, is the USA has gutted all the protections of Swiss accounts and knows who has what money where. And can take it.
That defeats the entire purpose of Switzerland’s banks.
I suppose, given how dishonest Biden was and the federal government is, in general, some alternative like Hong Kong or Dubai is wise. You end up on the wrong side of politics, and the US government just steals your money.
I’ve never seen any real difference in fascism and communism, except terminology.
And maybe how it sells itself, propaganda-wise.
“Wouldn’t it be nice to walk into a U.S. bank and buy Gold with your paper dollars?”
I can buy gold without going to a bank.
“Simply put, the world’s wealth is moving away from the West to the East, the economic cycle continues to turn.”
What happened to your prediction that BRICS was going to destroy the dollar?
Well you can buy gold at any coin dealer in the US, so there is that.
You act like its hard to buy gold in the US. You can buy it at many pawnshops, coin dealers, the internet, and there are ads on most conservative podcasts.
All gold and silver sold is usually cash only unless buying online.
My coin dealer doesn’t take any credit or debit cards and he doesn’t ask your name.
I’ve never seen any real difference in fascism and communism
- - - - - - -
In communism, like in Cuba, nothing works because the state directly runs companies. In fascism, companies are heavily regulated, but they aren’t run by government employees.
I still remember when we were told Japan was going to be ruling the world back in the 80’s.
Then we were told China would rule the world in the 2000’s.
Anybody dumb enough to move their money to China for safety deserves to be broke.
Anybody dumb enough to move their money to China for safety deserves to be broke.
- - - - - - -
I think it’s reasonable to put it there for diversification. To me, no place seems safe.
They can seize it anytime they want, but you be you.
Buy a gold banana sling, for God's sake.
Elderly, thong-wearing Florida man busted for exposing himself around apartment complex, claimed it was his ‘right to walk around naked’
A thong-wearing, 79-year-old Florida man was arrested for allegedly “consistently” exposing himself and making lewd gestures around his apartment complex — and argued to police that it was his “right to walk around naked.”
https://freerepublic.com/focus/f-chat/4381156/posts
Glad to see you made bail. 😉😂😂🤣🤣🤡
You act like it’s hard to buy gold in the US.
The U.S. fears Dedollarization, the worlds wealthiest investors are pulling money out of the U.S. in the ‘de-dollarization’ trade, and buying Gold.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.