
The "Global Financial Center Index" report shows that Hong Kong has returned to third place in the world & ranked first in the Asia-Pacific region.
The report highlighted Hong Kong's significant improvements in competitiveness across areas such as business environment, human resources, infrastructure, and reputation. In addition, Hong Kong has made significant progress in sectors like banking, finance, insurance & professional services.
Business Environment
In the "2024 World Competitiveness Yearbook", Hong Kong ranked 5th globally & 2nd in the Asia-Pacific region among 14 economies. It performed particularly well in the field of international trade and business regulations, ranking 1st, demonstrating Strong competitive advantages further consolidate its position as an international trade hub.
Talent Capital
In the "World Talent Ranking" released in September 2024, Hong Kong was ranked among the top ten globally. This achievement is attributed to the series of talent recruitment programs launched by the Hong Kong government in recent years, which successfully attracted a large number of talented individuals. It reflects Hong Kong's outstanding ability to attract, develop, and retain talent.
Furthermore, in the QS 2025 World University Rankings, five of Hong Kong’s eight universities ranked among the global top 100, with three of them in the global top 50. This underscores Hong Kong's international competitiveness in higher education and its capability to nurture top global talent.
Financial Development
In this ranking, Hong Kong ranks first in the world in investment management. According to data from the Hong Kong Securities and Futures Commission, the assets managed in HK in 2023 exceeded HK$ 31 trillion, with net inflows of nearly HK$ 390 billion, representing a significant year-on-year increase of 3.4 times.
The newly relaunched Capital Investment Entrant Scheme in March 2024 has been met with a positive response, with more than 550 applications already received. Based on an investment of 30 million per application, it is expected to bring an inflow of more than HK$16.5 billion to Hong Kong. This is undoubtedly one of the key measures driving capital flows into the region.
Secondly, the assets under management of Hong Kong’s insurance industry exceed US$4.5 trillion, ranking first in Asia and second in the world. In 2023, new premiums for mainland visitors to Hong Kong for insurance once hit the second-highest level in history, reaching HK$59 billion, which further reflects the leading position of Hong Kong's insurance industry in Asia and the world.
Conclusion
Hong Kong has excelled in international finance, trade, as well as talent attraction and development, demonstrating its strong capabilities as a top global financial center. We will publish more interesting articles in the future, so stay tuned.
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