Source: Hong Kong Government special administrative region
Z/Yen from the United Kingdom and the China Development Institute from Shenzhen published the Global Financial Centres Index (GFCI) 38 Report today (September 25). Hong Kong’s overall rating increased by four points to 764, maintaining third place globally and first place in Asia Pacific. The rating gaps with first place (New York) and second place (London) narrowed to two points and one point respectively.
In the report, Hong Kong’s ranking in fintech offerings leapt from fourth place to first in the world, and those in the areas of “business environment”, “infrastructure”, and “reputational and general” also rose further to first globally, while ranking second and third globally in “human capital” and “financial sector development” respectively. In addition, Hong Kong ranked among the top in the assessments by practitioners in various financial industry sectors, among which it maintained the top three positions globally in the “banking”, “investment management”, “insurance” and “finance” sectors.