Hong Kong among the most competitive financial centres
China's Hong Kong Special Administrative Region (HKSAR) maintained fourth place in the 33rd edition of the Global Financial Centres Index (GFCI) Report published on Thursday, according to Global Times.
Hong Kong among the most competitive financial centres
The Economics of Geography

Hong Kong among the most competitive financial centres

Photo: iStock
Eurasia 25/03/2023 11:13

China's Hong Kong Special Administrative Region (HKSAR) maintained fourth place in the 33rd edition of the Global Financial Centres Index (GFCI) Report published on Thursday, according to Global Times.

Experts say this is a reflection of the city's strengths and advantages as a leading global financial centre, despite global challenges, the website adds.

The GFCI Report is released in March and September every year, and has been produced since 2007. In GFCI 33, 120 financial centres were assessed and the HKSAR ranked fourth globally with an overall rating of 722, it explains. 

Backed up by the central government's support, the city has played the role of being a bridge for international investors to grasp booming market opportunities in the mainland, experts said, according to Global Times.

Photo: iStock
Hong Kong's rankings in the four areas of business environment, infrastructure, financial sector development and reputation rose by two places as compared with the previous issue, reflecting Hong Kong's advantages as a leading global financial centre, an SAR government spokesperson said in a statement on Thursday.

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