Cyberport CEO Rocky Cheng: Hong Kong rises to third place in overall global financial center ranking

On September 26, according to the latest report of the Global Financial Centers Index, Hong Kong's overall ranking jumped to the third place in the world, just behind New York and London, and topped the list in Asia. It is worth mentioning that Hong Kong's ranking in the investment management sector has even risen to the first place in the world, reflecting Hong Kong's booming asset and wealth management business.

In addition, Hong Kong's ranking in FinTech has also improved significantly, placing it among the top 10 FinTech centers in the world. Mr. Rocky Cheng, Chief Executive Officer of Cyberport, said, “Hong Kong has risen to the third place in the overall ranking of global financial centers, and the level of financial technology has risen sharply by five places to rank among the world's top 10. This is an encouraging achievement, which proves that Hong Kong's efforts and achievements in continuing to promote financial innovation in recent years have gained international recognition. As Hong Kong's digital technology flagship and incubator, Cyberport has the largest cluster of fintech and Web 3.0 companies in Hong Kong, forming a thriving ecosystem that helps companies open the door to cooperation with major financial institutions, and transform the results of their research into applications on the ground. Cyberport also plays an active role as a “super-contact person” to help enterprises secure international financing opportunities and open up a wider market.

Looking ahead, the Artificial Intelligence Supercomputing Center (AISC) at Cyberport, the first of its kind in Hong Kong, will soon come into operation, providing strong support for the computing power needs of the financial technology industry. Cyberport will continue to complement the Government's innovative policy initiatives, including its development plans in various areas such as AI, Web 3.0, green finance and virtual assets, to help consolidate Hong Kong's position as an international financial center. As the largest fintech and Web3.0 community in Hong Kong, Cyberport is home to more than 400 fintech start-ups and over 250 Web3.0 enterprises covering digital assets, tokenization of physical assets, payments and remittances, etc. Cyberport will continue to provide support to these start-ups and their business partners. Cyberport will continue to provide support to these start-ups to facilitate the development of the industry, strengthen Hong Kong's position as an international financial center and promote Hong Kong as an international innovation hub.