According to the latest Global Financial Centre Index* report, Hong Kong's overall ranking rose by one place to third in the world, after New York and London, while Singapore and San Francisco rank fourth and fifth respectively. Hong Kong has received positive reviews in areas such as human capital, infrastructure, financial development, financial technology and reputation.
The Global Financial Centre Index is jointly written by the British Z/Yen Group and the China (Shenzhen) Comprehensive Development Research Institute. It is released in March and September every year to assess the competitiveness of 116 financial centres around the world.
At the same time, the latest report on Hong Kong's business environment published by HKSAR government shows that the total deposit in Hong Kong's banking system has exceeded 15 trillion Hong Kong dollars, which is an increase of nearly 8% from the end of June 2021. Hong Kong's foreign exchange reserves also increased by 10.5%, and the amount of new shares raised in the past year exceeded 500 billion yuan. In terms of asset and wealth management, as of the end of 2020, assets under management in Hong Kong have increased by 21% year-on-year, reaching approximately HK$35 trillion. These data reflect that Hong Kong's financial market is still developing steadily under the ongoing global epidemic. This will enhance investor confidence and attract people from different countries to do business and invest in Hong Kong.
Source:
news.gov.hk , Report on Hong Kong's Business Environment
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