HK ranked 3rd in global financial centre survey
Hong Kong has retained its position as the world's number three financial hub, closely trailing London and New York, according to the latest edition of the Global Financial Centres Index (GFCI). The twice-yearly report — which assesses 117 financial centres across the world — showed that the city scored 756 points on the index, just one point behind London's 757, and five points lower than New…
Hong Kong has maintained its third place ranking as a global financial hub, closely behind London and New York, according to the latest Global Financial Centres Index (GFCI) report. The city scored 756 points on the index, just one point behind London and five points lower than New York. The report, compiled by Z/Yen Group and China Development Institution, revealed that Hong Kong has been the top financial center in Asia for four consecutive years.
The SAR achieved first place worldwide in financial sector development, second in human capital, and also secured second place rankings in business environment and infrastructure. Notably, Hong Kong's investment management sector ranked first globally, while it also topped the global ranking in fintech offerings and insurance. Chief Executive John Lee unveiled Hong Kong's first five-year plan, focusing on new economic drivers and international competitiveness.
The GFCI report, now in its 40th edition, assesses five main categories, including business environment, human capital, infrastructure, financial sector development, and reputation.
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