Published on 14.12.2011

World Economic Forum: Hong Kong most developed financial market

Hong Kong is the world's most developed financial market, according to a World Economic Forum report, overtaking the US and the UK for the first time.

The US slipped to second place, as financial stability remains a concern there, said the report. "Hong Kong's ascent to the top of our index marks a major milestone", said Kevin Steinberg, of the World Economic Forum.
The WEF's Financial Stability Index ranks 60 countries' financial systems.
Read full article at BBC.co.uk