Hong Kong ranks among the top three global financial centers. Xu Zhengyu: Continuously play to Hong Kong's unique advantages.

According to the Global Financial Centres Index, Hong Kong's overall ranking has risen to third place, just behind New York and London. It is the top ranking financial center in Asia, with a significant increase of 8 points in its overall score. The report highlights Hong Kong's competitiveness in various aspects such as "business environment", "human capital", "infrastructure", and "reputation and comprehensive". The report states that Hong Kong's major financial sectors, including investment management, insurance, banking, and professional services, have all seen comprehensive improvement in their rankings. In particular, Hong Kong's ranking in "investment management" has jumped to first place globally. Hong Kong's asset and wealth management business is thriving, with assets under management exceeding HK$31 trillion by the end of 2023, a growth of about 2% from the previous year, and net fund inflows close to HK$390 billion, more than tripling year-on-year. The Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, expressed on social media that the latest results reflect Hong Kong's institutional advantages, strong foundation, and solid fundamentals. The Hong Kong SAR government has introduced a series of policies and measures to reform the stock market, promote green finance, establish a regulatory framework for virtual assets, and strive for breakthroughs in innovative financial services, leading market innovation. These efforts have been recognized internationally. He stated that Hong Kong will continue to leverage its unique advantages with a proactive government and efficient market, to enhance the status of Hong Kong as an international financial center. Christopher Hui noted that it is encouraging that the report evaluates the financial technology level of financial centers, with Hong Kong rising five places in the rankings to be among the top 10 financial technology centers.