Singapore Tops Hong Kong as Asia’s Leading Financial Center in Latest GFCI Report

Friday, 22 March 2024, 02:00

Singapore secures its position as the dominant financial hub in Asia, edging past Hong Kong in a comprehensive assessment by the Global Financial Centres Index. Despite a narrow margin, Singapore's competitive edge over Hong Kong is evident across all aspects, affirming its status as the prominent financial destination in the region.
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Singapore Tops Hong Kong as Asia’s Leading Financial Center in Latest GFCI Report

Singapore Maintains Dominance in Asia

Singapore has once again demonstrated its prowess in the financial realm, surpassing Hong Kong as the preferred choice for financial activities in Asia, according to the GFCI report.

Competitiveness Ratings

  • Singapore: Continues to lead the way, showcasing superior attributes in financial services.
  • Hong Kong: Trails Singapore marginally, highlighting intense competition between the two financial hubs.

The close contest between Singapore and Hong Kong reaffirms the significance of both cities in the global financial landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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