Hong Kong has strengthened its position as Asia’s top financial hub and ranked third globally, widening its lead over Singapore and narrowing the gap with New York, according to the latest Global Financial Centres Index.
The city’s overall rating increased by 11 points, while Singapore gained three points to remain in fourth place, with London holding second after a 12-point rise.
The report, published by Z/Yen Group and the China Development Institute, evaluated 119 financial centers based on 140 factors and feedback from nearly 5,000 industry professionals.
Hong Kong’s government credited its success to strong ties with mainland China, stock market reforms, and growth in asset and wealth management, while the city also ranked among the top globally in human capital, infrastructure, and financial sector development.
