Hong Kong holds global third place in global financial centres Index

The city remains Asia Pacific’s top financial centre.

Hong Kong maintained third place globally in the 39th global financial centres Index (GFCI), remaining the highest-ranked financial centre in the Asia Pacific with an overall rating of 765.

It was two points behind New York and one point behind London.

The latest report said the leading four centres remained tightly packed, with only one rating point separating each of them. Hong Kong retained third place ahead of Singapore.

Hong Kong’s strongest category result was in FinTech, where it kept first place globally with a rating of 767, up seven points from the previous edition. Shenzhen ranked second and New York third.

In the industry-sector rankings, Hong Kong placed first worldwide in banking, insurance, and finance.

It also ranked second in investment management, fourth in government and regulatory, and sixth in both professional services and trading.

Across the five competitiveness areas, Hong Kong ranked second in human capital and reputational and general strength, and third in business environment, infrastructure, and financial sector development.

The GFCI 39 covers 120 financial centres. Hong Kong also appeared on the report’s list of centres expected to grow in significance over the next two to three years, with 42 mentions.