Hong Kong has extended its dominance as Asia’s premier financial centre, widening the gap with Singapore and edging closer to global leaders New York and London, according to the latest Global Financial Centres Index.
The semi-annual report, released by London-based Z/Yen Group and Shenzhen’s China Development Institute, assessed 119 financial centres using 140 metrics and insights from nearly 5,000 industry professionals. It revealed that Hong Kong’s rating climbed by 11 points, securing its third-place global ranking. Singapore, which holds fourth place, saw only a three-point increase, while second-ranked London improved by 12 points.
The report highlights Hong Kong’s growing strengths in human capital, infrastructure, and financial sector development, ranking it second worldwide in these categories. The city also excelled in investment management, insurance, and financial services, further cementing its role as a leading financial hub in the region. 
Government officials attributed this success to Hong Kong’s stock market reforms, strong connectivity with mainland China, and growth in the asset and wealth management sector. The city previously reclaimed its top spot in Asia in September, overtaking Singapore, which had briefly led in 2022.
The rankings suggest continued confidence in Hong Kong’s financial landscape, even amid global economic challenges. Meanwhile, Seoul made notable progress, breaking into the top 10, signaling a dynamic shift in Asia’s financial ecosystem.
With further advancements in market accessibility and regulatory enhancements, Hong Kong is poised to maintain its lead as Asia’s foremost financial powerhouse.
