SINGAPORE: Singapore has slipped to fourth place in the latest Global Financial Centres Index , after being overtaken by Hong Kong, which now ranks third.
The GFCI, which evaluates the competitiveness of 133 financial centres globally, revealed that despite the drop, Singapore continues to perform well in key areas.
In industry-specific rankings, Singapore excelled in several sectors. It placed second in professional services, government and regulatory, fintech, and trading. Despite the drop in overall ranking, the report noted that Singapore remains the most globally diversified financial centre.
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