Hong Kong is seen to top Switzerland as the world's biggest cross-border wealth management center by 2027, according to a Sunday news release by Invest Hong Kong.
The city is Asia's largest cross-border wealth management center, behind Switzerland, according to the Hong Kong government body responsible for foreign direct investments.
Investors are more attracted to Hong Kong's favorable tax rules, helping them diversify and shift their wealth management focus to the city to escape Europe's unpredictable tax environment, InvestHK said.
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