Six Asia-Pacific locations ranked among the world’s top 10 financial centers in the latest Global Financial Centres Index. Hong Kong led the region, placing third globally, while Singapore ranked fourth and was the only Southeast Asian entry.
The index evaluates financial hubs based on multiple factors, including business environment, infrastructure, human capital and financial sector development.
Other Chinese cities such as Shanghai and Shenzhen also made the top 10, reflecting the growing importance of Asia in global finance.
Audio Session
Asia-Pacific Cities Dominate Global Financial Center Rankings
Class B
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Difficult Words
- evaluate – to judge or measure something
- hub – a central place for activity
- human capital – the skills and abilities of people
- development – growth and progress
- sector – a part of an economy
Additional Info
- What is the Global Financial Centres Index?
- Which city ranked third globally?
- What factors are used in the ranking?
- Why is Asia becoming more important in finance?
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