Chinese financial centers at Global Financial Centres Index

Published the latest ranking of global financial centers developed by China improvement (Shenzhen) Institute (中国发展研(深圳)究院) and Z/Yen Partners from London.

The Thirty-sixth edition of the Global Financial Centres Index (GFCI) includes competitive assessments and a ranking of 121 financial centers worldwide. The index is developed utilizing 143 indicators specified as financial infrastructure, talent availability, regulatory environment, quality of life and global economical links. planet Bank, OECD, United Nations and another recognised institutions were besides used.

The ranking is published twice a year and widely recognised as a benchmark for political, business and investment decision-makers.

The most crucial financial centres of the planet according to this study are:

1. New York – inactive number one;
2. London – despite Bretix remains the heart of European finances;
3. HongKong – political and legal changes did not affect its position as a key hub connecting mainland China with the remainder of the world, peculiarly for capital markets;
4. Singapore – although giving way to Hong Kong, remains the most crucial financial centre in Southeast Asia and a key point for abroad exchange and commodity markets;
5. San Francisco – attracts technological capital and venture capital through Silicon Valley;
6. Chicago – central place for commodity markets and futures contracts;
7. Los Angeles – an crucial centre of the real property marketplace and a point connecting the US to Asia;
8. Shanghai – the key financial centre of mainland China, which is rapidly gaining importance besides through economical reforms and beginning up the country to global markets;
9. ShenZhen – a dynamic technological and financial centre, playing an crucial function in the Chinese capital market;
10. Frankfurt – the main financial centre of the euro area, based on the European Central Bank.

This ranking shows that China has as many as 3 cities in the top 10 global financial centres, which underlines their increasing importance in the global economy.

For those interested: Warsaw was ranked 99th ( 121th).

Source: www.zyen.com/publications/professional-articles/the-global-financial-centres-index-36/

Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China

Email: [email protected]

Editorial: Leszek B.

Email: [email protected]

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