, Hong Kong
Photo from Simon Zhu on Unsplash

Hong Kong maintains fourth place in global finance index

The Government attributes the current ranking to the “one country, two systems” principle.

Hong Kong placed fourth in the Global Financial Centres Index (GFCI 35), in a report by the UK's Z/Yen and the China Development Institute from Shenzhen.

According to the government, Hong Kong has been striving to align with national development strategies and serve as an important node in domestic and international dual circulation.

In addition, the government added that “Under the ‘one country, two systems’ principle, Hong Kong enjoys the unique advantages of being backed by the motherland and connected to the world.”

A series of policy initiatives have been announced in the 2024-25 Budget, aiming for better integration of capable government with an efficient market, as well as to propel financial markets into further development.

The GFCI 35 provides evaluations of future competitiveness where 121 out of 133 financial centres were part of the main index. 

 

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