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The Global Financial Centres Index 25 (GFCI 25)

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On March 11, Z/Yen and CDI jointly released the twenty-fifth edition of the Global Financial Centres Index (GFCI 25) during the Global Financial Forum in Dubai.

In GFCI 25, we researched 112 centres for this edition, with 102 centres in the main index and 10 in the associate list.

GFCI 25 was compiled using 133 quantitative measures provided by third parties including the World Bank, The Economist Intelligence Unit, the OECD, and the United Nations, with the combination of 29,065 financial centre assessments provided by respondents to the GFCI online questionnaire.

New York remains in the first place in the index, just seven points ahead of London. Hong Kong is only four points behind London in third and Singapore remains in fourth place. Shanghai remains ahead of Tokyo in fifth place in the index although Tokyo gained ten points in the ratings. Toronto gained four places to seventh. Zurich, Beijing, and Frankfurt remained in the top ten.

Most Asia/Pacific Centres performed well. There has been a strong trend of Asia/Pacific centres improving over several years. The top eight centres in the region are now in the top fifteen centres in the whole index.

9 financial centres across the Chinese mainland were included in the main index, namely Shanghai, Beijing, Shenzhen, Guangzhou, Qingdao, Tianjin, Chengdu, Hangzhou and Dalian. Despite their ratings growth, Beijing, Shenzhen, Tianjin, Chengdu, and Dalian witnessed slight decrease in their rankings.

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…

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 New York in ratings closed to one point on a scale of 1,000. London’s rating rose less than the other four top centres. There is now less than 50 points between the top five centres.

The number of financial centres across the Chinese mainland in the main index has increased from 7 to 8 with the…

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 newcomer Chengdu. Among them, Shanghai got 711 points and ranks 6th, rising 7 places in the rankings. Beijing rose 6 places to the 10th position. Shenzhen got 689 points and ranks 20th, rising 2 places. Shanghai, Beijing ,and Shenzhen are in the top 20 financial centres. Guangzhou ranks 32nd and…

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 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…

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 an increase rate of 14.6%, accounting for 8.71% of the local GDP on average.

Second, financial innovations in free trade zones have begun to take effect in financial centers. With the further development of cross-border RMB loans, cross-border RMB settlement, two-way capital pool of the foreign…

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. Shanghai (16th) is 9 points ahead of Shenzhen (22nd). Shenzhen now leads Beijing (26th) by 8 points.

The GFCI provides profiles, rating and rankings for 87 financial centres, drawing on two separate sources of data - instrumental factors (five broad ‘areas’ of competitiveness, namely business…