Singapore snags crown as Asia’s top financial centre
The city-state replaces Hong Kong as the number one in the region.
Singapore is crowned as Asia’s top financial centre, replacing Hong Kong, and placing third globally, a new study revealed.
According to the Global Financial Centres Index, the city-state jumped three places to third in the index which assessed 119 cities around the world.
The report said that Hong Kong’s strict COVID-19 policies made them concede the crown as the top financial centre in Asia to Singapore In contrast, Singapore has already opened its borders and eased up on several restrictions including the removal of the mandatory wearing of masks.
The first and second place in the global survey is New York and London.