Singapore moves up financial centres list

Singapore and Hong Kong have swapped places in the City of London's Global Financial Centres Index (GFCI), sitting in the top five alongside London, New York and Zurich. Singapore now ranks third in the overall top financial centres list, rising by 26 points, more than any other top 20 centre. It overtakes Hong Kong, which is now in fourth place. The GFCI questionnaire asked which centres are likely to become more significant in the next few years. People anticipate Asia will challenge the main leading centres the most. However, in this survey, London takes the top spot, while New Yor...