Hong Kong Economic and Trade Office, San Francisco
Hong Kong
Hong Kong's financial ranking goes up

Hong Kong ranked fifth in the latest Global Financial Centres Index (GFCI) Report, up by one place from the last index, the Government said today.

The GFCI Report, which assessed 111 financial hubs, was published by Z/Yen from the UK and the China Development Institute from Shenzhen.

In a statement, the Government said the overall ratings of financial centers that ranked from number three to seven in the report were very close, adding that Hong Kong was ranked top five in five areas of competitiveness, including financial sector development and infrastructure.

In particular, the city attained third place in the areas of business environment and human capital. 

Moreover, compared with two financial centers with a higher overall ranking, Hong Kong ranked above each of them in four areas of competitiveness.

The report said the average rating of all financial centers dropped visibly during a time of continuing uncertainty around international trade, the impact of the COVID-19 pandemic and geopolitical environment. Meanwhile, Hong Kong's overall rating and ranking improved from those in March, when the report was last released.

Noting that various parts of the world are facing a varying degree of challenges under the impact of the pandemic, the Government pointed out that Hong Kong's financial system remains resilient.


       2020 © | Important notices     Privacy policy      Accessibility                                                                                                                                               Last Revision Date: September 25, 2020

 

Web For All W3C Web Accessibility initiative    
This website adopts web accessibility design and conforms to the World Wide Web Consortium (W3C) Web Content Accessibility Guidelines (WCAG) 2.0 Level AA standard. Should you have any enquiries or comments on its accessibility, please contact us by phone or email.