IPO bonanza – Charm

An IPO boom has helped Hong Kong become the world’s largest cross-border wealth hub. Photo: Jelly Tse

Hong Kong overtakes Switzerland as world’s largest cross-border wealth hub, BCG finds

1 hour ago02 mins

Hong Kong has overtaken Switzerland as the world’s largest cross-border wealth hub, driven by an initial public offering (IPO) bonanza and capital inflows from mainland China, according to Boston Consulting Group (BCG). Cross-border wealth booked in Hong Kong climbed 10.7 per cent in 2025 to US$2.95 trillion, narrowly beating Switzerland’s US$2.94 trillion after rising 7.6…

Why Hong Kong is China’s undisputed hub for global finance, at Shanghai’s expense

Cs news12 months ago02 mins

When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together…