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) 39 Report today (March 26). Hong Kong’s overall rating increased further by one point to 765, maintaining third place globally and first place in Asia Pacific. The rating gaps with first place (New York) and second place (London) were only two points and one point respectively.
A Government spokesman said, “The report reaffirms Hong Kong’s leading position and strengths as an international financial centre. Hong Kong continued to rank first globally in fintech offerings. In the assessment by practitioners in various financial industry sectors, Hong Kong’s rankings generally improved. Notably, Hong Kong’s rankings in the ‘banking’ and ‘finance’ sectors leapt to first place worldwide. Hong Kong continued to top the global ranking in the ‘insurance’ sector, while the ranking in the ‘investment management’ sector rose to second place globally. In addition, Hong Kong’s rankings in the five areas of competitiveness, namely ‘business environment’, ‘human capital’, ‘infrastructure’, ‘financial sector development’ and ‘reputational and general’, continued to stay among the global top three positions.”