《2026 ورقة بيضاء لتوزيع الأصول العالمية》تكشف النقاب: أصبح توزيع الأصول العالمية المفضل الجديد للأثرياء، لماذا أصبح التأمين في هونغ كونغ الخيار الأول؟

Recently, the “2026 China Bank Global Asset Allocation White Paper” published by the Bank of China has sparked widespread industry attention. The white paper shows that by 2025, the wallets of the wealthy are quietly “moving.” On one side, domestic interest rates are continuously falling, financial management exposes frequent risks, real estate is declining, and asset returns are shrinking; on the other side, an increasing number of high-knowledge families are turning their attention internationally, investing abroad and choosing diversified asset allocation.

The deeper reason is that everyone has realized: in the face of the “unprecedented changes in a century,” under unstable international situations and ongoing geopolitical conflicts, putting all your money in one place is undoubtedly like putting eggs in the same basket—too risky! Therefore, now the wealthy are engaging in “global allocation”—diversifying their assets across different countries and asset classes to make their wealth safer and more flexible.

#01

Three Major Drivers: Why Must Wealth “Go Out”?

The “2026 China Bank Global Asset Allocation White Paper” clearly states that global asset reallocation has become an irreversible trend. Behind this is the three structural challenges faced by domestic wealth management, forcing high-net-worth individuals to proactively “break the deadlock.”

1

●

Driver One: Falling interest rates, shrinking savings

In early 2026, the central bank lowered the re-lending rate in advance, signaling easing. As a result, deposit interest rates continued to decline, with large three-month term deposits at state-owned banks falling below 1%, entering the “zero era.” More concerning is the phenomenon of “interest rate inversion”—short-term rates higher than long-term rates—meaning relying solely on bank deposits not only fails to appreciate but may also fail to beat inflation, risking wealth shrinking like “boiling frogs in warm water.”

2

●

Driver Two: Asset concentration, risk accumulation

The white paper repeatedly emphasizes that over-concentrating wealth in a single market or asset class (such as real estate) is extremely risky. It’s like putting all eggs in one basket; once the domestic economy fluctuates or policies change, asset values are highly susceptible to shocks. In 2026, with weak global economic recovery and escalating geopolitical conflicts, this risk of centralized allocation is further magnified.

3

●

Driver Three: Real estate “locked,” liquidity exhausted

Real estate, once considered a “core asset,” now faces liquidity issues. Market segmentation intensifies, with significant pressure on third- and fourth-tier cities to clear inventory, causing a sharp decline in real estate liquidity. Many families appear “wealthy on paper,” but in reality, their wealth is “locked” in real estate, making it difficult to meet immediate cash needs such as children’s education or medical emergencies. Asset liquidity has become as important as safety and returns in wealth management.

#02

White Paper Solution: Four Pillars of Global Allocation

Faced with these challenges, the core answer provided by the white paper is: diversification of global allocation. This does not mean “invest everywhere globally,” but rather systematically building a “dam” for wealth through four core methods.

Method 1: Distribute money across different countries, where the east may not shine but the west does

Investing in the US, Europe, Asia, and other regions is like dividing eggs into multiple baskets. For example, the US economy may be weak, but Europe might still be okay; if Europe is not doing well, Asia might rise. This reduces overall risk.

Method 2: Buy different types of assets, not just rely on real estate

Besides real estate, you can buy stocks, bonds, funds, or even foreign shops or land. For example, buying US tech stocks, European bonds, or Hong Kong insurance allows your money more “ways to generate income.”

Method 3: Use foreign currencies like USD, HKD to hedge against exchange rate “theft”

If all your money is in RMB, and RMB depreciates, your wealth shrinks. Using foreign currencies like USD or HKD to deposit, such as buying Hong Kong dollar insurance policies, can hedge against exchange rate risks. For children studying abroad or elderly retirement, paying directly in foreign currencies avoids currency exchange worries.

Method 4: Leave “options” for family members, so money can help realize their dreams

The highest level of wealth management is giving family members more choices. For example, if children want to study abroad, is there enough money? If elders want to retire abroad, can the money support them? Distributing wealth globally allows you to always have funds ready to support family dreams without being “blocked” by money.

#03

Why Hong Kong? The “Institutional Safe Haven” for Global Capital

Hong Kong Financial Secretary Paul Chan Mo-po clearly stated that Hong Kong is ready to serve as a “safe haven” to attract global capital inflows.

Hong Kong’s appeal as the first choice stems from its seven irreplaceable institutional and market advantages.

Hong Kong’s Seven Core Advantages

• “One Country, Two Systems” and Common Law Foundation: Provides a familiar, transparent, and predictable legal environment, ensuring asset security and contractual integrity. The new “D-SII” regulatory framework for local systemically important insurance companies launched in 2025 further strengthens supervision of top institutions.

• Linked Exchange Rate System: The Hong Kong dollar has been pegged to the US dollar for over 40 years, ensuring extreme exchange rate stability, fundamentally eliminating depreciation fears for Hong Kong dollar assets.

• Free Capital Flows: No restrictions on capital inflows and outflows, offering unparalleled liquidity for global asset allocation.

• Simple, Low-Tax System: No capital gains tax, dividend tax, or estate tax, maximizing wealth retention and reducing inheritance costs.

• Backed by the Mainland, Connected Globally: Not only the closest international financial center to home but also a super connector linking the mainland and global capital markets.

• Rich Risk-hedging Assets: From gold and US dollar cash to high-dividend Hong Kong stocks and savings insurance, meeting diverse needs from short-term hedging to long-term inheritance.

• Market Data Validation: According to the Hong Kong Insurance Authority, in the first three quarters of 2025, new individual insurance premiums reached HKD 264.5 billion, a 55.9% increase year-on-year, a record high, with nearly 80% in USD policies. A symbolic event was Abu Dhabi’s Mubadala Investment Company, a cornerstone investor, subscribing to about HKD 1.17 billion worth of shares. This indicates deep recognition of Hong Kong’s insurance market prospects by international long-term capital. Bloomberg industry reports also project that Hong Kong’s private wealth management scale will surpass USD 2.6 trillion by 2031, with mainland residents re-allocating wealth through Hong Kong being a key driver.

In 2026, the wealthy will no longer focus solely on domestic wallets but will “scatter” their money worldwide, diversifying risk, making money grow, and leaving options for their families. HK insurance is their first stop—money here is protected by law; it can appreciate and be passed down; close proximity makes business convenient; strong privacy protection and tax space make it ideal. It’s like building a “storm shelter” for wealth, making money safer, more flexible, and helping families realize their dreams.

The entry of Middle Eastern sovereign funds, the guidance of the white paper, and the voting with their feet by high-net-worth individuals all point to the same conclusion: in 2026 and beyond, scientific global asset allocation and including HK insurance have shifted from an “option” to an essential “course” for wealth preservation.