Singapore replaces Hong Kong as Asia’s top finance centre

A man walks past an electronic sign showing numbers of the Hang Seng index, which fell to a decade low of as much as 2.6%, in Hong Kong on September 22, 2022. – AFP pic, September 23, 2022.

HONG KONG has lost its crown as Asia’s premier finance centre to Singapore in a global ranking list where New York and London maintained their number one and two spots.

Singapore jumped three places to third in the twice-a-year Global Financial Centres Index (GFCI) which assesses 119 cities around the world and was published late yesterday.

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