Hong Kong has become the world’s top wealth hub, surpassing Switzerland. Offshore assets in Hong Kong reached $2.9 trillion in 2025. Global private fortunes also saw significant growth. Emerging markets are set to add substantial wealth by 2030. Hong Kong’s lead is expected to grow, driven by China’s economy and its IPO market.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires