Hong Kong Surpasses Switzerland in Global Wealth Management

Overtaken by Hong Kong in global wealth management, Swiss keep cool

Though Hong Kong has overtaken Switzerland as the number one in cross-border wealth management, rather than enter panic mode, Swiss banks seem unruffled — feeling it bolsters the case against looming tighter banking regulations. Hong Kong is now the world’s largest cross-border booking centre thanks to inflows from mainland China, strong initial public offering activity, […]

By AFP