Singapore and Hong Kong maintained their positions as leading financial centers, according to an index based on rankings of hubs throughout the world.

Singapore and Hong Kong ranked as the third and fourth leading financial hubs, according to the «Global Financial Centres Index» co-produced by Shenzhen-based China Development Institute and London-based Z/Yen Partners. 

Both maintained their positions in the 33rd edition of the semi-annual index. Singapore surpassed Hong Kong to take the third position in the 32nd edition for the first time ever in September 2022. Globally, New York ranked at the top followed by London.

The rankings are based on an online survey of 10,252 financial professionals who evaluated 120 cities. The assessment covered 153 factors in five broad areas of competitiveness including business environment, human capital and reputation.