According to the latest Global Financial Centre Index (GFCI) report jointly compiled by UK-based think tank Z/Yen and the China (Shenzhen) Institute of Comprehensive Development, Hong Kong ranks fourth out of 120 financial centers worldwide, as it did six months ago, with New York, London, and Singapore still in the top three.
Although Hong Kong’s ranking remains unchanged, the latest report evaluates 114 financial centers according to their fintech output. As a result, Singapore and Washington are replacing Beijing and Hong Kong in the top ten fintech hubs.
However, the foreign media and some commentators are not optimistic about Hong Kong’s prospects of maintaining its status as an international financial center….