The latest Global Financial Centres Index highlights the growing influence of the Asia-Pacific region, with six cities ranking among the world’s top 10 financial hubs. Hong Kong emerged as the region’s leading financial center, securing third place globally, while Singapore followed closely in fourth, standing as the only Southeast Asian representative.
The index, compiled using a combination of quantitative data and expert assessments, evaluates financial centers across key dimensions such as business environment, infrastructure, human capital and sectoral development.
The strong performance of cities like Shanghai and Shenzhen further underscores Asia’s expanding role in the global financial system.
Audio Session
Asia-Pacific Cities Dominate Global Financial Center Rankings
Class C
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Difficult Words
- influence – the power to affect something
- dimension – an aspect or part of something
- quantitative – related to numbers and data
- underscore – to emphasize something
- representative – someone or something that stands for a group
Additional Info
- What does the index reveal about Asia-Pacific’s role in global finance?
- Which city is the top-ranked financial center in the region?
- How is the index compiled?
- What does the performance of Shanghai and Shenzhen indicate?
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