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....
The wealthiest investors are pulling money out of the U.S. in the ‘de-dollarization’ trade.
....as I said, the world’s Wealth is moving out of the West, to the East.
I really don’t see any difference in where you can buy gold as long as they legally let you buy it. If I bought it at the bank, they would keep a record of it.
I can buy it anywhere else with cash and no one cares my name.
“You are not a thinker, big difference between a country who allows citizens to buy Gold from their banks ( China) and a country who forbids buying Gold from their banks ( US).”
A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metal that is likely to hit retail demand in the world’s biggest consumer market.
State-owned China Construction Bank said on Monday it would no longer accept applications for one of its gold purchasing accounts without giving a reason. Fellow major ICBC also restricted new applicants but reversed the move hours later.
“....as I said, the world’s Wealth is moving out of the West, to the East.”
Are Latin America and Africa part of your ‘East’?
Your link: Globally, North America is the only region where family offices plan to reduce their allocation in the next 12 months. They plan to add in Latin America and Africa, they said.
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