Revision as of 08:18, 17 July 2012

Hong Kong - Quick Summary

GFCI11 describes Hong Kong as a Global Leader, which is both broad and deep. It has a particular strength in the Insurance sub-indices where it is the world leader in GFCI11, as well as being No3 in the remaining industry sub-indices (Asset Management, Banking, Government & Regulatory, Professional Services and Wealth Management/Private Banking). In addition, Hong Kong ranks Top 3 in all the areas of competitiveness sub-indices. Between GFCI1 and GFCI11 Hong Kong has closed the gap to leaders London and New York. These three world leaders control a large proportion of financial transactions professionals, and although competition between them is strong, their relationship can be seen as mutually supportive with collaboration on regulatory issues. In recent issues Hong Kong has pulled away from Singapore, and is the third most mentioned centre when respondents were asked which they thought was likely to become more significant.