Singapore overtook Hong Kong to become a center of financial No. 3

SINGAPORE - Singapore beat Hong Kong to become a financial center of the world's No. 3. According to a survey by research firm Z / Yen Group, which is based in London.

In Southeast Asia, it ranks below London and New York, and a score higher than Hong Kong 2 points index world financial Center, which was released on April 6 on the company's website.

Index with a score of 1000 points is based on a survey of your career in financial services by 2520. According to the press release of the company Z / Yen Group.

This ranking reflects the sector very competitive business environment, development of the financial sector and basic infrastructure across 86 world under investigation.

Tokyo ranks 5th Munich ranks 6th in the results of the survey. Z / Yen Group has released the survey for the first time since March 2007, according to the company's website.

According to official data recently, Singapore, Hong Kong, with total assets under management.

Assets held by Singapore's fund management industry increased by 30 percent to 2.36 billion Singapore dollars (1.75 trillion US dollars) last year, 20-14, the latest figures available, according to the monetary Authority of Singapore.

Total fund assets of Hong Kong amounted to 17.7 billion Hong Kong dollars (2.3 billion US dollars) a year earlier, according to the securities and futures Commission of Hong Kong.

Singapore's economy grew 2.1 percent in 2015 and is forecast by economists to grow by 2.2 percent this year.