On March 20, the Z/Yen Group, a British think tank, and the China (Shenzhen) Comprehensive Development Research Institute (CDRI) jointly released the 37th Global Financial Centers Index (GFCI 37) report.

This is the world's most authoritative financial center evaluation report. The report provides a comprehensive assessment and ranking of 119 financial centers around the world in terms of business environment, human capital, infrastructure, financial industry development level and international reputation.

This article will focus on China's top ten cities on the list, and analyze the advantages of list one in the financial competition pattern.

01

Three Chinese cities make the top 10

Hong Kong holds on to the top spot in Asia

GFCI37 list shows that the world's top ten financial centers ranked in order: New York, London, Hong Kong (third), Singapore, San Francisco, Chicago, Los Angeles, Shanghai (eighth), Shenzhen (ninth), Seoul.

Among them, Chinese cities occupy three seats, the ranking are also the same as the previous period, but their composite score have risen.

For example, the gap between Hong Kong and London has narrowed from 4 points in the previous period to 2 points, and the composite score has continued to improve. Shanghai and Shenzhen have also seen their scores rise, and are definitely capable of moving up the rankings in the future.

Focusing on the Asian region, the top ten cities in this issue are: Hong Kong (3), Singapore (4), Shanghai (8), Shenzhen (9) Seoul (10), Beijing (20), Tokyo (22), Busan (24), Melbourne (28) and Sydney (30).

It is clear that Hong Kong continues to demonstrate its financial strength, not only as the top city in China, but also as the top city in Asia.

Among the indicators assessed, Hong Kong rose to second place globally in terms of human capital, infrastructure and financial sector development, and third place in terms of business environment and overall reputation; Shanghai and Shenzhen were among the top 15 cities in all five dimensions, including business environment and infrastructure, and the level of development of Shanghai's financial sector, in particular, was ranked fourth globally.

02

Top 100 Financial Institutions in the World

73 operate in Hong Kong

Planting a sycamore tree attracts a phoenix.

Hong Kong has a favorable business environment, a simple and low tax regime, a free port for capital, a judicial system that is in line with the West, highly efficient financial regulation and the institutional advantages of the freest economy, as well as increasing economic and trade ties with the Mainland, which has enabled Hong Kong to continue to attract domestic and overseas capital, enterprises and talents, and continue to enhance its strength in the financial sector.

The data shows:

❍ 73 of the world's top 100 financial institutions operate in Hong Kong;

❍ 7 of the world's top 10 corporations operate in Hong Kong;

❍ Hong Kong handles the settlement of about 80% of the world's offshore RMB transactions;

❍ 80% of the offshore listing and financing of Mainland enterprises takes place in Hong Kong.

Even with its remarkable achievements, Hong Kong is still pursuing long-term development.

Not long ago, the Hong Kong Monetary Authority (HKMA) and the Hong Kong Securities and Futures Commission (SFC) announced a series of measures, including promoting the tokenization of assets and breaking down payment barriers.

Hong Kong, is gradually transforming into an international financial center with higher technological content.

03

Talents, Entrepreneurs and Doing Business

Visa and Entry Routes

As the world's top financial center, Hong Kong offers a wide range of opportunities and creates a large number of jobs every year. At the same time, Hong Kong offers a wide range of work visas and entry permits to meet the needs of those coming to Hong Kong.

▶ Investment and Entrepreneurship - New Capital Investment Entrant Scheme

This scheme accepts applications from eligible persons aged 18 or above, including foreign nationals, Chinese citizens who have obtained permanent resident status in a foreign country, residents of the Macao Special Administrative Region and Chinese residents of Taiwan.

Applicants must demonstrate that they have a net asset value of not less than HK$30 million and have been in absolute beneficial ownership of the net assets throughout the two years immediately preceding the date of application.

▶ Talents from all walks of life - Talent Entry Scheme

① High-end Talent Pass Scheme: This scheme aims to attract high-end talents with extensive work experience and high academic qualifications from around the world to explore opportunities in Hong Kong, including high-income earners and graduates from the world's top universities.

② Quality Migrant Admission Scheme: This scheme aims to attract highly skilled or talented individuals to settle in Hong Kong to enhance Hong Kong's economic competitiveness.

③ Admission of Mainland Talents and Professionals Scheme: This scheme aims to bring in Mainland talents with special skills, knowledge or experience that are needed but not readily available in Hong Kong.

If you want to invest, start a business, work or settle in Hong Kong, please feel free to contact Nebula Hai International and we will provide you with customized and exclusive services.