Singapore overtakes HK in world financial centres ranking


Singapore is expecting to see more than 4 million visitors in 2022. - AFP

SINGAPORE (Bloomberg): Singapore has overtaken Hong Kong to become Asia’s top financial centre - and the third in the world - according to a new report that puts New York and London in the first and second spots.

Hong Kong slipped to fourth place, battered by strict Covid restrictions and an exodus of talent, while San Francisco moved up two spots to round out the Global Financial Centres Index’s top five.

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Singapore , Hong Kong , world , financial , centres

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