(Kuala Lumpur, Singapore, 21st) In the latest Global Financial Center Index (GFCI), Kuala Lumpur’s ranking rose to 51st. Singapore once again ranked as the world’s fourth largest financial center, after New York, London and Hong Kong. San Francisco ranked fifth with only a slight difference of one point.
The above report was released in March this year, and the rankings of the top five have not changed. Singapore’s latest score is 750 points, which is an improvement from 747 points last year, and there is still a gap of 10 points compared with Hong Kong’s 760 points. New York, which ranks first, scored 769 points.
It is worth mentioning that it is ranked 51st with Kuala Lumpur, which is an improvement from 59th last year.
In terms of the five major competitiveness indicators, Singapore ranks fourth in the four indicators of business environment, human capital, infrastructure, and reputation, and ranks fifth in the development of the financial field.
Looking closely at the rankings in major financial sub-fields, Singapore ranks in the top three in professional services, governance and regulation, financial technology, and transactions, especially in the field of professional services, where it won the championship.
