Hong Kong Retains Fourth Place as Finance Centre, Falls Out of Top Ten Fintech Hubs

Hong Kong maintained its fourth-place ranking among the world's 120 financial centers, as it did six months ago, with New York, London, and Singapore still occupying the top three spots. Various factors threaten Hong Kong's ability to retain its status as an international financial center. TM Chan/The Epoch Times

According to the latest Global Financial Centre Index (GFCI) report jointly compiled by UK-based think tank Z/Yen and the China (Shenzhen) Institute of Comprehensive Development, Hong Kong ranks fourth out of 120 financial centers worldwide, as it did six months ago, with New York, London, and Singapore still in the top three.

Although Hong Kong’s ranking remains unchanged, the latest report evaluates 114 financial centers according to their fintech output. As a result, Singapore and Washington are replacing Beijing and Hong Kong in the top ten fintech hubs.