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The thirty-first edition of the Global Financial Centres Index (GFCI 31) was jointly published by Z/Yen and CDI on 24 March 2022. GFCI 31 provides evaluations of future competitiveness and rankings for 119 financial centres around the world. The GFCI serves as a valuable reference for policy and investment decision-makers.

The GFCI is compiled using 150 instrumental factors. These quantitative measures are provided by third parties including the World Bank, the Economist Intelligence Unit, the OECD and the United Nations. The instrumental factors are combined with financial centres assessments provided by respondents to the GFCI online questionnaire.

The data on which GFCI 31 is based relate to the period up to the end of 2021. Overall the average rating was stable, less than one point lower than GFCI 30, following three consecutive drops in the average rating.

Asia/Pacific centres generally recovered losses that they experienced in GFCI 30. This suggests that there is restored confidence in the economic strength of the region, and in trade performance. North American and Western European centres had generally stable performance.

New York leads the index, with London second, ahead of Hong Kong and Shanghai. Shenzhen returned to the top ten in the index, replacing Paris, which fell to 11th place. The ratings of most of the leading centres were relatively stable, only changing by a few points.

We are able to assess 113 centres for their Fintech offering. New York and Shanghai retain their leading positions at first and second place. Beijing and San Francisco overtook London to take third and fourth place.