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The thirty-fifth edition of the Global Financial Centres Index (GFCI 35) was jointly published by Z/Yen and CDI on 21 March 2024. GFCI 35 provides evaluations of future competitiveness and rankings for 121 financial centres around the world. The GFCI serves as a valuable reference for policy and investment decision-makers.

The GFCI is compiled using 145 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 centre assessments provided by respondents to the GFCI online questionnaire. GFCI 35 uses 48,365 assessments from 8,494 respondents.

New York leads the index, with London second, ahead of Singapore in third place, which has maintained its slight lead over Hong Kong in fourth position. San Francisco remains at number five, with Shanghai overtaking Los Angeles in sixth place, with the latter dropping to eighth. Geneva climbed to seventh, with Chicago stable in ninth, and Seoul entering at number 10.

We are able to assess 116 centres for their Fintech offering, with Wellington entering the Fintech rankings for the first time in 23rd place. New York retains its leading position in the Fintech ranking, followed by London, then San Francisco. Shenzhen maintains its fourth place in the table and Washington DC moved ahead to fifth place overtaking Singapore.