Hong Kong ranks third in Global Financial Centre index

The city clinched the top spot in fintech.

Hong Kong has maintained its spot as the third ranked global financial centre globally, and first in the Asia Pacific region, according to a report published by the UK’s Z/Yen and the China Development Institute.

New York City and London retained their top two spots globally, according to the Global Financial Centres Index 38 report.

Hong Kong’s fintech offerings jumped to first place globally, according to the report, from fourth place previously. It ranked first in the areas of business environment, infrastructure, reputation, and general. It ranked second in human capital, and third in financial sector development, according to the report.

Hong Kong also ranked within the top three in banking, investment management, insurance and finance sectors globally.