HK ranks third in Global Financial Centres Index

Local | 24 Sep 2021 7:19 pm

Hong Kong ranked third globally in the Global Financial Centres Index, rising by one place from the March issue of the index this year.

The 30th issue was published today by Z/Yen from the United Kingdom and the China Development Institute from Shenzhen.

New York topped the list while London ranked the second.

"Persistent uncertainties stemming from the pandemic and geopolitical tensions continued to affect the overall ratings of major financial centres,” a government spokesperson said.

“Nevertheless, thanks to our regulatory regime, institutional framework for systemic risk monitoring and the Linked Exchange Rate System, Hong Kong's financial markets have been functioning in an orderly manner,” the spokesperson continued.

The spokesperson also said now that safety and stability have been restored in Hong Kong, more global investors will be attracted to do business and invest in the city, adding that the National 14th Five-Year Plan will strengthen the city's functions as a global offshore Renminbi business hub.

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