A family office is a dedicated organisation managing a family’s investments, governance and philanthropy.Boston Consulting Group (BCG) has released its latest Global Wealth Report 2026, officially confirming that Hong Kong has overtaken Switzerland as the world’s largest cross-border wealth management centre. The report projects that cross-border wealth booked in Hong Kong will grow by an average of around 9% per year from 2025 to 2030, remaining first in the world.
The milestone has drawn extensive coverage from mainstream international media, with more than 600 reports from outlets including the Associated Press, the Financial Times, Bloomberg, Reuters, Canada’s National Post and the Toronto Sun.
What It Means for the Chinese Family Office Industry
Hong Kong’s rise to the top of cross-border wealth management strongly complements the RMB 179.33 trillion mainland Chinese wealth management market. For Chinese families, the architecture of “onshore assets + Hong Kong allocation + global deployment” is becoming ever clearer, while the Greater Bay Area is emerging as a major cluster for family office services and talent worldwide.
Key Industry Data
China’s wealth management market reached RMB 179.33 trillion in 2025, the second largest worldwide (Sina Finance, Jan 2026).
The global family office market was worth US$20.6 billion in 2025 and is projected to reach US$38.1 billion by 2035 (Research Nester, 2025).
The global family office market is projected to grow at a 7.1% CAGR from 2026 to 2035 (Research Nester, 2025).
Hong Kong hosted more than 3,380 single family offices by the end of 2025 (InvestHK / Deloitte).
Cross-border wealth booked in Hong Kong is projected to grow 9% a year from 2025 to 2030, the fastest globally (BCG, 2026).
References
Related Guides
Explore the Hong Kong wealth hub case study and the Hong Kong vs Singapore comparison on China Family Office\u2019s site, or see the FAQ.