Hong Kong Poised to Overtake London and New York as Top Global Financial Centre

Hong Kong poised to top New York, London in finance-hub ranking: GFCI creator

An Asian city will eventually overtake London and New York as the world’s leading financial centre, with Hong Kong well placed to compete for the top spot given its legal predictability and low tax burden, according to the creator of a closely watched ranking of financial hubs. “It’s going to happen because it’s so tight,” said Michael Mainelli, chairman of London-based think tank Z/Yen Group, in an interview with the South China Morning Post on Tuesday, referring to the narrowing gap between...

By Daisy Wu