Singapore ranks second as a centre expected to grow in significance

Out of the top 16, only eight are from Asia Pacific.

Singapore ranks second as one of the centres they consider will grow in significance over the next two to three years, according to the 38th edition of The Global Financial Centres Index.

According to the report, there were a few changes from this edition to the last.

Singapore ranked 4th amongst the top five financial centres. In areas of competitiveness, Singapore ranked 2nd in Business Environment, and fourth in Human Capital, Infrastructure, and Financial Development.

The rankings also assessed relevant industries. According to responses provided by people working in these industries, Singapore performed well across the board. It ranked number one in Professional Services, second in both Fintech and Trading, third in Government & Regulator, sixth in Banking, Insurance, and Finance, and seventh in Investment Management.

Meanwhile, Singapore was also ranked as the number one choice of people from organisations that have fewer than 50 employees.

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