HSBC Global Wealth Hubs Report 2025: Top 3 Origin of Entrepreneurs to Move Assets to Hong Kong are China 26%, Taiwan 10%, Singapore 5%, Top 3 Origin to Singapore are India 19%, Taiwan 15%, China 13%, Top 3 Origin to Switzerland are India 14%, China 12%, UK 12%, Top 3 Origin to United Kingdom (UK) are United States 17%, India 16%, UAE 15%, Top 3 Origin to United States are UK 17%, UAE 16%, India 16%
20th March 2025 | Hong Kong
HSBC has released the HSBC Global Wealth Hubs Report 2025, providing key insights on HNWs & UHNWs entrepreneurs diversification into international wealth hubs Hong Kong, Singapore, Switzerland, UK & United States. Profile – 1,882 current & former business owners & entrepreneurs with investable assets of > $2 million or net worth of > $20 million. In 2024, the Top 3 Entrepreneurs considerations in next 12 months – Conducting business in different market 73%, Moving wealth to a new location 69%, Personally moving to a new location 55%. Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to Hong Kong – China 26%, Taiwan 10%, Singapore 5%. Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to Hong Kong – Taiwan 10%, China 8%, Singapore 7%. Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to Singapore – India 19%, Taiwan 15%, China 13%. Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to Singapore – Hong Kong 19%, Taiwan 16%, India 15%. Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to Switzerland – India 14%, China 12%, UK 12%. Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to Switzerland – France 13%, UK 13%, India 10%. Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to United Kingdom (UK) – United States 17%, India 16%, UAE 15%. Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to United Kingdom (UK) – UAE 14%, United States 12%, India 11%. Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to United States – UK 17%, UAE 16%, India 16%. Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to United States – UAE 15%, India 13%, Hong Kong 11%. See below for key summary & findings | View report here
“ HSBC Global Wealth Hubs Report 2025: Top 3 Origin of Entrepreneurs to Move Assets to Hong Kong are China 26%, Taiwan 10%, Singapore 5%, Top 3 Origin to Singapore are India 19%, Taiwan 15%, China 13%, Top 3 Origin to Switzerland are India 14%, China 12%, UK 12%, Top 3 Origin to United Kingdom (UK) are United States 17%, India 16%, UAE 15%, Top 3 Origin to United States are UK 17%, UAE 16%, India 16% “
HSBC Global Wealth Hubs Report 2025: Top 3 Origin of Entrepreneurs to Move Assets to Hong Kong are China 26%, Taiwan 10%, Singapore 5%, Top 3 Origin to Singapore are India 19%, Taiwan 15%, China 13%, Top 3 Origin to Switzerland are India 14%, China 12%, UK 12%, Top 3 Origin to United Kingdom (UK) are United States 17%, India 16%, UAE 15%, Top 3 Origin to United States are UK 17%, UAE 16%, India 16%
HSBC has released the HSBC Global Wealth Hubs Report 2025, providing key insights on HNWs & UHNWs entrepreneurs diversification into international wealth hubs Hong Kong, Singapore, Switzerland, UK & United States. Profile – 1,882 current & former business owners & entrepreneurs with investable assets of > $2 million or net worth of > $20 million. See below for key summary & findings | View report here
HSBC Global Wealth Hubs Report 2025
Summary
- Respondents – 1,882 current & former business owners & entrepreneurs
- Respondents Investable assets – > $2 million investible assets or net worth of > $20 million
- Top 3 Entrepreneurs considerations in next 12 months – Conducting business in different market 73%, Moving wealth to a new location 69%, Personally moving to a new location 55%
- Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to Hong Kong – China 26%, Taiwan 10%, Singapore 5%
- Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to Hong Kong – Taiwan 10%, China 8%, Singapore 7%
- Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to Singapore – India 19%, Taiwan 15%, China 13%
- Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to Singapore – Hong Kong 19%, Taiwan 16%, India 15%
- Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to Switzerland – India 14%, China 12%, UK 12%
- Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to Switzerland –France 13%, UK 13%, India 10%
- Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to United Kingdom (UK) – United States 17%, India 16%, UAE 15%
- Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to United Kingdom (UK) – UAE 14%, United States 12%, India 11%
- Top 3 Origin of Entrepreneurs planning to move assets in next 12 months to United States – UK 17%, UAE 16%, India 16%
- Top 3 Origin of Entrepreneurs planning to relocate in next 12 months to United States – UAE 15%, India 13%, Hong Kong 11%
HSBC Global Wealth Hubs Report 2025
1) Entrepreneurs Overview
Profile:
- Respondents – 1,882 current & former business owners & entrepreneurs
- Respondents investable assets – > $2 million investible assets or net worth of > $20 million
- Region – Singapore, Hong Kong, Taiwan, China, India, UAE, Switzerland, France, UK & United States
Top 3 Entrepreneurs considerations in next 12 months:
- Conducting business in different market – 73%
- Moving wealth to a new location – 69%
- Personally moving to a new location – 55%
2) Hong Kong
Origin of Entrepreneurs planning to move assets in next 12 months to Hong Kong:
- China – 26%
- Taiwan – 10%
- Singapore – 5%
- India – 4%
- France – 3%
- UAE – 3%
- UK – 2%
- Switzerland – 1%
- United States – 1%
Origin of Entrepreneurs planning to relocate in next 12 months to Hong Kong:
- Taiwan – 10%
- China – 8%
- Singapore – 7%
- UK – 5%
- France – 3%
- India – 3%
- Switzerland – 2%
- UAE – 2%
- United States – 1%
3) Singapore
Origin of Entrepreneurs planning to move assets in next 12 months to Singapore:
- India – 19%
- Taiwan – 15%
- China – 13%
- UAE – 9%
- Hong Kong – 7%
- UK – 5%
- France – 4%
- Switzerland – 3%
- United States – 2%
Origin of Entrepreneurs planning to relocate in next 12 months to Singapore:
- Hong Kong – 19%
- Taiwan – 16%
- India – 15%
- China – 14%
- UK – 6%
- UAE – 6%
- Switzerland – 5%
- United States – 4%
- France – 3%
4) Switzerland
Origin of Entrepreneurs planning to move assets in next 12 months to Switzerland:
- India – 14%
- China – 12%
- UK – 12%
- UAE – 11%
- Singapore – 10%
- France – 10%
- Hong Kong – 8%
- United States – 6%
- Taiwan – 3%
Origin of Entrepreneurs planning to relocate in next 12 months to Switzerland:
- France – 13%
- UK – 13%
- India – 10%
- China – 9%
- UAE – 9%
- Singapore – 7%
- Hong Kong – 6%
- United States – 6%
- Taiwan – 5%
5) United Kingdom
Origin of Entrepreneurs planning to move assets in next 12 months to United Kingdom (UK):
- United States – 17%
- India – 16%
- UAE – 15%
- France – 9%
- Singapore – 7%
- China – 5%
- Hong Kong – 3%
- Taiwan – 2%
- Switzerland – 2%
Origin of Entrepreneurs planning to relocate in next 12 months to United Kingdom (UK):
- UAE – 14%
- United States – 12%
- India – 11%
- Hong Kong – 10%
- China – 8%
- France – 7%
- Switzerland – 7%
- Singapore – 6%
- Taiwan -3 %
6) United States
Origin of Entrepreneurs planning to move assets in next 12 months to United States:
- UK – 17%
- UAE – 16%
- India – 16%
- China – 9%
- Taiwan – 8%
- Singapore – 7%
- Hong Kong – 7%
- France – 3%
- Switzerland – 0%
Origin of Entrepreneurs planning to relocate in next 12 months to United States:
- UAE – 15%
- India – 13%
- Hong Kong – 11%
- UK – 9%
- Taiwan – 8%
- China – 8%
- Singapore – 7%
- France – 3%
- Switzerland – 2%
HSBC Global Wealth Hubs Report 2025
Research was conducted by Ipsos UK on behalf of HSBC Global Private Banking. A total of 1,882 business owners or ‘entrepreneurs’ who chose to take part in the survey (split 1,798 current business owners and 84 former business owners) were included in the quantitative research. The quantitative research consisted of a 20-minute online survey with participants from ten markets across the globe: France, Hong Kong, India, Mainland China, Singapore, Switzerland, Taiwan, the UAE, the UK and the US. The survey was available in English, Simplified Chinese, Traditional Chinese, Chinese (Hong Kong), Swiss French, Swiss German, Arabic, Gujarati, Hindi, Kannada, Marathi and Telugu. Quota sampling was applied. The fieldwork was conducted between 8th July and 3rd August 2024 , using online panels. Participation in the quantitative survey required respondents to be aged 18 or over, currently own or have previously owned a business, have claimed investable assets of $2M USD/£1.5M GBP or a total net worth of $20M USD, and a main residency (more than six months of the year) in one of the markets listed. Data has not been weighted, and any data shown as ‘All entrepreneurs’ or ‘all’ indicates a score that has been calculated on the full sample and is not weighted by country/ territory or market. The qualitative research consisted of 36 qualitative, in-depth one-hour online interviews across six different markets including the US, the UK, India, Singapore, Mainland China and Hong Kong. Participation in the qualitative interview required the respondent audience to be aged 18+, currently own or previously owned a business, have investable assets of $2M USD (£1.5M GBP in the UK). Participants chose to participate in this research. Data was collected online, and fieldwork took place between April-May 2024. 11 qualitative, in-depth interviews were also conducted online with experts from HSBC Global Private Banking across the target markets to complement the results and the insights generated by the project.
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