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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....
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Remember the days of Swiss bank accounts? Now gone forever.
Putting your money in China, what could possibly go wrong?
In related news, hens are now laying their eggs in foxholes.
Agreed, wonder if the Chinese oligarchs are that stupid, at least in Switzerland there was some protection😂
Careful.
China will confiscate what it wants, when it wants.
> Putting your money in China, what could possibly go wrong? <
China is pretty stable. That will last only until the moment some crazy ChiCom leader decides to nationalize your assets.
Then to be reimbursed, get behind those holders of Chinese war bonds.
I think I’d go with the Bank of Mattress first.
Be a damned shame if they cut web services and communication at the border of china. Their off shore accounts would be untouchable...
Moving money from mainland China to Hong Kong as a hedge against political risk does not make sense. The God King Emperor Xi runs both.
Corporations like Fascism, since, as long as it is not the extreme variety, it represents stability and order which our Wild West system often lacks.
The former's Achilles heel is of course the absence of a relief valve for dealing with domestic discontent, and in the long term, stagnation - the smothering of innovation that often comes from the little guy with the brilliant idea tinkering away in his garage.
CCP Control, doing what Lenin couldn’t.
No. It’s Chinese oligarchs moving their money out of China. I see it every day. They are terrified.
Hong Kong is a means of parking it until they can move it elsewhere.
China will confiscate what it wants, when it wants.
That said, 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.
Putting your money in China, what could possibly go wrong?
Nothing , it’s already gone ,LOL
Actually the US runs Hong Kong banking. It is China’s only access to $. The US can cut them off from the dollar anytime it wants.
You have to register your gold with the bank in China. I can walk into any pawn shop and buy gold with cash.
“The CCP, despite its name, is in actuality fascist. Not quite over-the-top fascist, but it meets most of the definitions of classical Fascism.”
I am glad I am not the only one on this form who thinks this. The Chinese transitioned away from Communism 40 years ago.
I will add what western MSM doesn’t report. China has encouraged its citizens to buy Gold for awhile, now in historic quantities. Wouldn’t it be nice to walk into a U.S. bank and buy Gold with your paper dollars?
“Major banks in CN have lifted various restrictions on gold investment and encouraged the public to purchase gold. And today’s PM markets data in China..”
https://finance.sina.com.cn/roll/2026-05-27/doc-inhzizpk9140628.shtml?cref=cj
Maybe it's being used as a staging point for some reason(?)
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