The number of super-rich people in Hong Kong in the first half of 2025 soared by 22.9% to 17,000, leading the world in growth.

A report released by Deloitte Hong Kong accounting firm titled "Hong Kong Wealth Management Boom: Leading the New Global Market Landscape" shows that Hong Kong is poised to surpass Switzerland as the world's largest cross-border wealth management center, driven by strong capital inflows, growth in family offices, financial technology innovation, and deep integration with the Greater Bay Area. In the first half of this year, the number of super-rich individuals in Hong Kong surged by 22.9% to 17,215 people, making it the region with the highest growth among top wealth markets globally. By the end of last year, the total assets under management in Hong Kong reached HK$35.142 trillion, up 13% year-on-year, reflecting a strong demand for wealth management services. Net capital inflows reached HK$321 billion last year, more than 6 times higher, with over 54% of managed assets coming from mainland China and regions outside of Hong Kong, highlighting the strong advantage of Hong Kong's diversified global investor base in promoting international capital allocation. Family offices have become an important pillar of wealth strategy, not only enhancing Hong Kong's global status but also attracting more capital and talent, driving a 15% increase in asset under management in private banking and wealth management business to HK$10.404 trillion last year. By the end of 2023, Hong Kong already had over 2700 single family offices, with 885 managing assets exceeding USD 100 million. With tax incentives and facilitation of entry by the Hong Kong government, the target of attracting 200 family offices by 2023-2025 has been surpassed ahead of schedule, with a new target of attracting an additional 220 family offices by 2028. The Greater Bay Area has over 510,000 high-net-worth families with assets exceeding RMB 10 million, as well as over 30,000 families with assets exceeding RMB 100 million, demonstrating enormous wealth management opportunities. Deloitte Hong Kong consulting partner Xia Qicai said that with Hong Kong reclaiming the top spot as the global IPO center for stocks, family offices increasingly see Hong Kong as a starting point for growth in Asia. He urged the Hong Kong government to further strengthen its competitive advantage, turning external risks into opportunities, mobilizing more resources to attract global capital, and accelerating Hong Kong's path towards being crowned as the global wealth center. With the launch of "Cross-border Wealth Management 3.0" and improved policy support, he believes Hong Kong will continue to attract global capital and create long-term value for investors.