Singapore ranks first in professional services in GFCI 38

Singapore also made a major advance in FinTech, rising to fourth globally.

Singapore has been ranked first globally in Professional Services in the latest Global Financial Centres Index (GFCI 38).

The city also performed strongly across other industry sectors, underscoring its broad-based competitiveness.

Published by Z/Yen Group and the China Development Institute, the report placed Singapore fourth overall globally, with a rating of 763—just one point behind Hong Kong and two behind London.

Regionally, Singapore ranked second in Asia-Pacific, narrowly trailing Hong Kong, which holds the third global position.

Amongst the top four global financial centres—New York, London, Hong Kong, and Singapore—the ratings are exceptionally close, with only three points separating them.

Singapore ranked in the top four across all five of the GFCI’s core pillars: Business Environment, Human Capital, Infrastructure, Financial Sector Development, and Reputation.

Singapore also made a major advance in FinTech, rising to fourth globally, up from eighth in the previous index. It overtook London in the category, with only Hong Kong, Shenzhen, and New York ahead.

Respondents based in Singapore were the most optimistic among the top financial hubs about their centre’s prospects. The GFCI’s “Home Centre Prospects” chart shows Singapore’s responses strongly concentrated in the “more competitive” range for the next two to three years.

The report also highlights the rising prominence of Asia-Pacific in global finance. The average rating of the region’s top five centres now slightly exceeds that of North America’s top five.

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