FSDC Welcomes Global Financial Centres Index 39: Hong Kong Solidifies Global Top-Three Position and FinTech Leadership
The Financial Services Development Council (FSDC) welcomes the release of the 39th edition of the Global Financial Centres Index (GFCI 39) by Z/Yen Group and the China Development Institute, which reaffirms Hong Kong's top-three position worldwide and its continued leadership in Asia-Pacific as an international financial centre.
The GFCI evaluates the competitiveness of the world’s leading financial centres. According to the latest index, Hong Kong’s overall rating rose to 765, one point behind London and two points behind New York. Hong Kong retains its top position in the FinTech index, a testament to the city’s thriving fintech offerings. Hong Kong also leads globally in key industry sectors, including banking, insurance and finance, demonstrating its multidimensional excellence as a global financial powerhouse.
“The Index once again is a testament to the stability, dynamism, and connectivity of Hong Kong as a leading international financial centre,” said Mr Benjamin Hung, Chairman of the FSDC, “Hong Kong’s financial markets, underpinned by regulatory excellence and world‑class infrastructure, offer international investors a secure, neutral and globally connected hub for capital and wealth worldwide, assuring resilience and enduring value amidst uncertainties.”
Dr Rocky Tung, Executive Director of the FSDC, added, “The recent listing reforms will enhance Hong Kong's appeal to international issuers. Beyond our deep equity market, there is huge potential to advance our debt capital market by expanding offshore RMB capabilities and developing a robust long-term yield curve, to strengthen Hong Kong's role as an indispensable global capital nexus.”
To enhance the competitiveness of Hong Kong's financial services industry, the FSDC will continue to collaborate with stakeholders across the financial ecosystem. By focusing on policy research, market promotion, and talent development, the FSDC remains steadfast in its efforts to strengthen Hong Kong's standing as a leading international financial centre.
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