London, New York, Singapore, Hong Kong and Tokyo remain the five leading global financial centres. However, Brexit and the US election have had a significant impact. London and New York fell 13 and 14 points respectively. These are the largest declines (except for Calgary) in the top 50 financial centres. Singapore rose by eight points and is now only 20 points behind New York.
There are six cities of mainland China rated in the GFCI 21, including Shanghai, Beijing, Shenzhen, Guangzhou, Qingdao and Dalian. Shanghai got 715 points, ranks 13rd, rising 3 places in the rankings. Beijing rose significantly, rising ten places. Both Shanghai and Beijing are in the top 20 financial centres. Shenzhen got 701 points, ranks 22nd. Guangzhou has been enlisted in GFCI Index for the first time and did well with 650 points, ranks 37th. Qingdao won 640 points and ranks 8th just behind Guangzhou. Dalian fell to 75th in the rankings. Apart from that, Chengdu and Hangzhou are regarded as associate financial centres.
GFCI 21 was launched simultaneously in Milan and Shenzhen by the Z/Yen Group and CDI which marked the second collaboration between CDI and the Z/Yen on the compiling of GFCI.