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The thirty-seventh edition of the Global Financial Centres Index (GFCI 37) was jointly published by Z/Yen and CDI on 20 March 2025. GFCI 37 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 140 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 37 uses 31,314 assessments from 4,946 respondents.
New York leads the index, with London second. Hong Kong retains third position ahead of Singapore. San Francisco, Chicago, Los Angeles, Shanghai, and Shenzhen are unchanged in fifth to ninth positions. Seoul re-entered the top 10 centres in this edition of the index.
We are able to assess 115 centres for their Fintech offering. New York retains its leading position in the Fintech ranking, followed by London and Shenzhen. Hong Kong rose five rank places, overtaking US centres and Singapore to take fourth position. Oslo, Mauritius, and Riyadh improved by over 20 places in the Fintech rankings. Six centres fell more than 15 places.
