China News Service, Hong Kong, September 24. The British Z/Yen Group and China (Shenzhen) Comprehensive Development Research Institute jointly released the 30th "Global Financial Center Index" report on the 24th. The overall ranking of Hong Kong rose by one place from March this year. Third place in the world.
A spokesperson for the Hong Kong Special Administrative Region Government said that this clearly affirms Hong Kong's status and strength as the world's leading financial center.
Hong Kong continues to rank among the best in various areas of competitiveness, including human capital, infrastructure, financial industry development, as well as reputation and integration.
The spokesperson said that the new crown epidemic and the tense geopolitical situation continue to bring uncertainty and continue to affect the overall scores of major financial centers.
Nevertheless, relying on Hong Kong's sound and mature regulatory system, rigorous systemic risk monitoring system structure, and the linked exchange rate system supported by a huge exchange fund, Hong Kong's financial market has been operating smoothly.
At the same time, Hong Kong plays a unique role as a bridge between the Mainland and other parts of the world under the "one country, two systems", and has many institutional advantages, including a highly open and international market, stable infrastructure facilities, a regulatory system that is in line with international standards, The rule of law system, a large number of financial talents and comprehensive financial products, as well as the free flow of information and funds, etc.
These competitive advantages will continue to strengthen Hong Kong's position as the world's leading financial center.
In addition, the restoration of security and stability in Hong Kong society over the past year or so will help attract more investors from all over the world to come to do business and invest, and further consolidate Hong Kong's status as an international financial center.
The spokesperson added that the National 14th Five-Year Plan clearly supports strengthening Hong Kong's functions as a global offshore RMB business hub, international asset management center and risk management center, as well as deepening and expanding the interconnection between the mainland and Hong Kong financial markets.
The SAR government will continue to leverage Hong Kong’s unique advantages, strengthen Hong Kong’s role as a two-way gateway to the Mainland and international markets, and actively integrate into the overall national development, including grasping the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Qianhai Development and the “Belt and Road” initiative. Huge opportunities.
The SAR government will also make every effort to ensure the smooth implementation of the "Cross-border Wealth Management Link" and the Bond Link "Southbound Link" in the Guangdong-Hong Kong-Macao Greater Bay Area, so as to promote the further opening of the national financial market and promote the internationalization of the RMB.
Since 2007, the "Global Financial Center Index" report has been released in March and September each year.
The 30th report assesses 116 financial centers around the world. Hong Kong ranks third in the world with an overall score of 716.