Hong Kong has reaffirmed its position as Asia’s premier financial center and the world’s third-most significant financial hub, according to the latest Global Financial Centres Index released Wednesday.
The semi-annual report, compiled by the Z/Yen Group and China Development Institute, evaluated 119 global financial centers using 140 distinct factors and insights from nearly 5,000 industry professionals.
Hong Kong distinguished itself by securing top rankings in investment management, insurance, and finance sectors, while placing second in human capital and infrastructure categories. Singapore followed closely in fourth place, with Shanghai, Shenzhen, and Seoul completing the top 10 lineup.
A Hong Kong government spokesperson celebrated the ranking, emphasizing the city’s strategic advantage under the “one country, two systems” framework. The official highlighted the government’s commitment to deepening international collaborations and positioning Hong Kong as a “super connector” in global financial networks.
The recent government budget has introduced policy initiatives aimed at expanding the city’s financial market potential, signaling continued efforts to maintain its competitive edge.
As global financial landscapes evolve, Hong Kong’s persistent top-tier ranking underscores its resilience and strategic importance in international finance.
