Which is Asia’s leading financial centre?
Hong Kong is Asia’s top financial centre, according to the latest Global Financial Centres Index (GFCI). The ranking first appeared in 2007, and the index is updated every March and September, with this the 18th edition.
Following Hong Kong in second place is Singapore, just five points behind. Both these centres actually saw a fall in their rating in September’s edition, by three and four points respectively. This is not enough to see Tokyo, in third, climb the ranking, despite an increase in its own rating.
Overall, the Asia/Pacific region has seen a rise in ratings, with four of the world’s top six centres now found here. Asia’s traditional economic powerhouses provide all the centres featured in the list, including representatives from Australia, Taiwan and South Korea.
The ranking is compiled by assessing measures across five broad competitiveness areas – Business Environment, Financial Sector Development, Infrastructure, Human Capital and Reputational and General Factors. These are then used in collaboration with an ongoing online questionnaire, which is completed by international financial services professionals. Responses from the previous 24 months are included for analysis.
Have you read?
Which is the world’s leading financial centre?
Where are the most developed financial systems?
The greening of China’s financial system
To keep up with the Agenda subscribe to our weekly newsletter.
Author: Joe Myers is a Digital Content Producer at Formative Content.
Image: A man walks past buildings at the central business district of Singapore February 14, 2007. REUTERS/Nicky Loh
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Stay up to date:
ASEAN
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.
More on Geo-Economics and PoliticsSee all
Spencer Feingold
November 20, 2024