Global Financial Centres Index

The GFCI is a bi-annual report that provides ratings for financial centres worldwide, calculated by a ‘factor assessment model’ that combines instrumental factors with the responses of financial services professionals to an online questionnaire

The Global Financial Centres Index 24 (GFCI 24)

Z/Yen Partners and CDI jointly released the twenty-fourth Global Financial Centres Index (GFCI 24) in Guangzhou on September 12.

The GFCI researches 110 financial centres in this edition, with 100 in the main index and 10 in the waiting list. Performance across the index is mixed.

New York took first place in the index, just two points head of London, although both centres fell slightly in the ratings. Hong Kong is now only three points behind London. Shanghai overtook Tokyo to move into fifth place. Beijing, Zurich, and Frankfurt moved into the top ten centres, replacing Toronto, Boston, and San Francisco.

There are 9 financial centres across the Chinese mainland in the main index. Among them, Shanghai rose to the 6th place. Ranking 8th, Beijings moved into the top 10 for the first time. Shenzhen and Guangzhou rose 6 and 9 places respectively and both of them are in the top 20 list. Chengdu rose to 79th place. The newcomer Hangzhou ranks at the 89th place.

Professor Michael Mainelli, Executive Chairman of Z/Yen Group, said “financial centres can, and do, control large amounts of their destiny. GFCI 24 shows the wide range of strategy, competition, specialisation, and, may I say, style in which they do it.”

Liu Guohong, Director of Finance and Modern Industry Department of CDI, said “the number and ratings of financial centres in the Greater China region increasd in the GFCI 24. The cluster of financial centres led by Hong Kong is on the rise. More systematic integration among the financial centres, which means each with a specific role, implies a strong competitive edge compared with European and North American financial centres.”

The Global Financial Centres Index 23 (GFCI 23)

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Z/Yen Partners and CDI published the twenty-third Global Financial Centres Index (GFCI 23) on the Launch Conference which was held in Qingdao on March 26.

The GFCI rates 96 financial centres in current issue. There is an overall increase in confidence for the leading centres with the top 25 centres all rising in the ratings.

London, New York, Hong Kong, Singapore and Tokyo remain the five leading global financial centres. The gap between London and…

The Global Financial Centres Index 22 (GFCI 22)

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London and New York remain in first and second places. Interestingly, despite the ongoing Brexit negotiations, London only fell two points, the smallest decline in the top ten centres. Hong Kong has moved just ahead of Singapore into third – only two points ahead on a scale of 1,000. Tokyo remains in fifth.

There are seven cities across the Chinese mainland rated in the GFCI 22, namely Shanghai, Beijing, Shenzhen, Guangzhou, Qingdao, Dalian and the…

The Global Financial Centres Index 21 (GFCI 21)

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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…

Main Findings of the China Financial Centers Index (CFCI 8)

Editor’s Note: CDI updated and published CFCI 8, which examines the latest development of financial hubs on the Chinese mainland.

CFCI 8, which was released on November 4, 2016, indicates that China's financial centers have a series of new features as follows:

First, the development of financial centers has become a driving force for economic growth. Far higher than the year-on-year growth rate of GDP, the total added value of the financial industry in 31 Chinese financial centers registered…

The Global Financial Centres Index 20 (GFCI 20)

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London, New York, Singapore and Hong Kong remain the four leading global financial centres. On a scale of 1,000 points, a lead of fewer than 20 points indicates relative parity. London remains just ahead of New York, leading New York by 1 point. New York (2nd) is now 42 points ahead of Singapore (3rd). Singapore is four points ahead of Hong Kong (4th).

Shanghai, Shenzhen and Beijing rank as the top three financial centres on the Chinese mainland.…