Copy of The Global Financial Centres Index 33 (GFCI 33)
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The thirty-third edition of the Global Financial Centres Index (GFCI 33) was jointly published by Z/Yen and CDI on 23 Mar 2023. GFCI 33 provides evaluations of competitiveness and rankings for 120 financial centres around the world. The GFCI serves as a valuable reference for policy and investment decision-makers.
The GFCI 33 was compiled using 153 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 were combined with 61,449 assessments of financial centres provided by 10,252 respondents to the GFCI online questionnaire.
The average rating of centres in the index was close to the average in GFCI 32, just 0.06% lower. However, within this average, 31 out of the top 40 centres in the index fell in the ratings, while half of the centres in the bottom half of the index improved their rating. While there is considerable variation across centres, this outcome suggests that confidence in financial centres and the world economy remains high, with a recognition that inflation levels are falling and economic growth generally secure, even with the instability caused by the continuing war in Ukraine.
US centres performed well, with five US centres now in the top 10, reflecting the strength of the US economy. Leading Chinese centres fell back a little. London retains its position in second place in the index, despite some predictions of a downturn in London’s fortunes. This suggests that London retains its reputation in financial services and that the UK’s financial services sector remains competitive.
We are able to assess 114 centres for their FinTech offering. New York retains its leading position in the FinTech ranking, followed by San Francisco. London moved up one place to third, and Shenzhen rose three places to take fourth position. Los Angeles, Boston, Chicago, and Shanghai…
The Global Financial Centres Index 32 (GFCI 32)
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The thirty-second edition of the Global Financial Centres Index (GFCI 32) was jointly published by Z/Yen and CDI on 22 Sept 2022. GFCI 32 provides evaluations of 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 32 was compiled using 151 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 were combined with 66,121 assessments of financial centres provided by 11,038 respondents to the GFCI online questionnaire.
Overall the average rating of centres in the index improved 4.83% from GFCI…
The Global Financial Centres Index 31 (GFCI 31)
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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…
China’s Financial Center Index 13 (CFCI 13)
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China’s Financial Center Index (CFCI) has established a system for competitiveness evaluation adapted to the development characteristics of Chinese financial centers. The system aims to track and study the development status of Chinese financial centers, in a bid to inform policy optimization by relevant decisionmakers, and provide a watchtower for the society to observe the development of Chinese financial centers. The first CFCI was released in 2009 and has been updated annually since then.
The Global Financial Centres Index 30 (GFCI 30)
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On September 24, Z/Yen and CDI jointly released the thirtieth edition of the Global Financial Centres Index (GFCI 30) in Busan.
We researched 126 centres for this edition of the Global Financial Centres Index (GFCI 30). The number of financial centres in the main index has increased from 114 to 116 with the addition of Kigali and Lagos. There are 10 associate centres awaiting potential inclusion in the main index.
GFCI 30 was compiled using 146 instrumental factors. These quantitative measures are provided by third parties including the World Bank, The Economist Intelligence Unit, the OECD, and the UN.
New York leads the ranking, with London second. Both centres fell only slightly in the ratings. Hong Kong and Singapore in third and fourth…
The Global Financial Centres Index 29 (GFCI 29)
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On March 17, Z/Yen and CDI jointly released the twenty-nineth edition of the Global Financial Centres Index (GFCI 29) in Shenzhen, London and Hongkong.
We researched 126 centres for this edition of the Global Financial Centres Index (GFCI 29). The number of financial centres in the main index has increased from 111 to 114 with the addition of Berlin, Trinidad & Tobago, and Bogota. There are 12 associate centres awaiting potential inclusion in the main index.
GFCI 29 was compiled using 143 instrumental factors. These quantitative measures are provided by third parties including the World Bank, The Economist Intelligence Unit, the OECD, and the UN.
New York retains first place in the index. London fell to only one point ahead of third place…
The Global Financial Centres Index 28 (GFCI 28)
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On September 28, Z/Yen and CDI jointly released the twenty-eighth edition of the Global Financial Centres Index (GFCI 28) in Shenzhen and Seoul.
In GFCI 28, we researched 121 centres for this edition of the Global Financial Centres Index (GFCI 28). The number of financial centres in the main index has increased from 108 to 111 with the addition of Bratislava, Xi’an, and Wuhan, though new entrants to the index take some time for their position in the index to settle. There are 10 associate centres awaiting potential inclusion in the main index.
GFCI 28 was compiled using 138 instrumental factors. These quantitative measures are provided by third parties including the World Bank, The Economist Intelligence Unit, the OECD, and the UN.
New York…
The Global Financial Centres Index 27 (GFCI 27)
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On March 26, Z/Yen and CDI jointly released the twenty-seventh edition of the Global Financial Centres Index (GFCI 27) in Shenzhen and Seoul.
In GFCI 27, we researched 120 centres for this edition, with 104 centres in the main index and 12 in the associate list.
GFCI 27 was compiled using 138 instrumental factors drawn from the United Nations, World Bank, etc., with the combination of 37,695 financial centre assessments provided by respondents to the GFCI online questionnaire.
GFCI 27 showed a high level of volatility, with 26 centres rising ten or more places in the rankings and 23 falling ten or more places. This may reflect the uncertainty around the international trade and the impact of geopolitical unrest.
New York remains in the first…
The Global Financial Centres Index 26 (GFCI 26)
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Financial centres are key to sustain economic growth, as they provide the infrastructure for investment and savings that drives entrepreneurial endeavours. Their prime purpose is to meet growing global funding needs, and these are expected to be particularly high for the next ten to twenty years. In a world confronted with complex issues - including technological disruption, climate change, ageing populations and social issues - access to market financing, accelerated market opening and the competitiveness of the financial centres have become major new challenges, for the satisfaction of economic and social needs. The collection of data on the different financial centres is therefore of utmost importance and should provide as objective an…
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.…
