Global Financial Centres Index Report shows HK maintains third place globally

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The latest Global Financial Centres Index (GFCI) Report is published today. Hong Kong's overall rating rose 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 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." 

It adds that 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.

It says, "As a leading international financial centre, Hong Kong will drive Finance+, capitalising on the citys robust financial system to better serve the real economy and industries with competitive edge, and press ahead with mutual empowerment of finance and innovation and technology. In so doing, we can leverage our strengths to serve the countrys needs. A series of policy measures announced in the Budget last month would help Hong Kong's financial services grow bigger and stronger."

The GFCI Report has been released every March and September since 2007 by Z/Yen from the United Kingdom and the China Development Institute from Shenzhen. In GFCI, 120 financial centres were assessed, and Hong Kong ranked third globally with an overall rating of 765.