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The 2021 Global Financial Centres Index 29 – Full Ranking

18th March 2021 | Hong Kong

Z/Yen has released The 2021 Global Financial Centres Index 29 Report, providing evaluations of competitiveness and rankings for the major financial centres around the world.

” The top financial centre is New York “

The report is the 29th edition of the Global Financial Centres Index (GFCI 29).  The GFCI 29 researched 126 centres (114 + 12 pending 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.  The instrumental factors were combined with 65,507 assessments of financial centres provided by 10,774 respondents to the GFCI online questionnaire.  View: 2021 GFCI 29 Report

Related:

 

Key Highlights

  • The top financial centre is New York
  • The 2nd ranked financial centre is London
  • The 3rd ranked financial centre is Shanghai
  • The top 3 financial centres: New York, London & Shanghai
  • The top 5 financial centres: New York, London, Shanghai, Hong Kong & Singapore
  • The top 10 financial centres: New York, London, Shanghai, Hong Kong, Singapore, Beijing, Tokyo, Shenzhen, Frankfurt, Zurich
  • 4 of the top 10 are China’s cities: Shanghai, Hong Kong, Beijing, Shenzhen
  • 3 of the top 10 are European cities: London, Frankfurt, Zurich
  • 6 of the top 10 are in Asia-Pacific: Shanghai, Hong Kong, Singapore, Beijing, Tokyo, Shenzhen
  • Shanghai is the top financial centre in Asia-Pacific (APAC)
  • The top 5 financial centres in APAC: Shanghai, Hong Kong, Singapore, Beijing, Tokyo
  • Top 5 Banking Centre: New York, Shanghai, Hong Kong, London, Beijing
  • Top 5 Investment Mgmt Centre: New York, London, Hong Kong, Singapore, Shanghai
  • Top 5 Trading Centre: New York, London, Singapore, Hong Kong, Shanghai
  • Top 5 Insurance Centre: Shanghai, Singapore, Beijing, New York

 

GFCI 29 Headlines:

New York City 5
New York City, United States
  • New York continues to head up The Global Financial Centres Index Ratings
  • London’s position challenged By leading Asian centres

 


GFCI 29 – Full Ranking (114 Cities)

Cities Rank Previous
1 New York 1 1
2 London 2 2
3 Shanghai 3 3
4 Hong Kong 4 5
5 Singapore 5 6
6 Beijing 6 7
7 Tokyo 7 4
8 Shenzhen 8 9
9 Frankfurt 9 16
10 Zurich 10 10
11 Vancouver 11 24
12 San Francisco 12 8
13 Los Angeles 13 11
14 Washington DC 14 19
15 Chicago 15 20
16 Seoul 16 25
17 Luxembourg 17 12
18 Sydney 18 32
19 Dubai 19 17
20 Geneva 20 14
21 Edinburgh 21 13
22 Guangzhou 22 21
23 Melbourne 23 27
24 Boston 24 15
25 Paris 25 18
26 Milan 26 38
27 Montreal 27 26
28 Amsterdam 28 22
29 Toronto 29 31
30 Stuttgart 30 37
31 Stockholm 31 23
32 Osaka 32 39
33 Madrid 33 28
34 Copenhagen 34 36
35 Chengdu 35 43
36 Busan 36 40
37 Brussels 37 30
38 Abu Dhabi 38 33
39 Jersey 39 55
40 Taipei 40 42
41 Tel Aviv 41 45
42 Qingdao 42 47
43 Hamburg 43 29
44 San Diego 44 60
45 Berlin 45 New
46 Wellington 46 44
47 Kuala Lumpur 47 41
48 Dublin 48 34
49 Munich 49 48
50 Lisbon 50 59
51 Liechtenstein 51 68
52 Rome 52 53
53 Casablanca 53 46
54 Vienna 54 54
55 Doha 55 56
56 Helsinki 56 65
57 Moscow 57 62
58 British Virgin Islands 58 72
59 Bangkok 59 58
60 Monaco 60 75
61 Warsaw 61 57
62 Vilnius 62 76
63 Malta 63 73
64 Barbados 64 86
65 Mumbai 65 35
66 Bratislava 66 87
67 Santiago 67 93
68 Bahrain 68 83
69 Mexico City 69 70
70 Oslo 70 50
71 Calgary 71 51
72 Cayman Islands 72 78
73 Bahamas 73 69
74 Istanbul 74 64
75 Guernsey 75 79
76 Prague 76 66
77 Rio de Janeiro 77 85
78 Nur-Sultan 78 74
79 Manila 79 106
80 New Delhi 80 49
81 Glasgow 81 52
82 Cape Town 82 67
83 Kuwait City 83 103
84 Bermuda 84 61
85 Budapest 85 101
86 Isle of Man 86 77
87 Tallinn 87 88
88 St Petersburg 88 104
89 Mauritius 89 63
90 Johannesburg 90 90
91 Buenos Aires 91 94
92 GIFT City-Gujarat 92 82
93 Jakarta 93 81
94 Panama 94 91
95 Sofia 95 95
96 Tehran 96 102
97 Trinidad & Tobago 97 New
98 Cyprus 98 71
99 Gibraltar 99 84
100 Bogota 100 New
101 Almaty 101 99
102 Reykjavik 102 100
103 Athens 103 92
104 Sao Paulo 104 80
105 Riyadh 105 107
106 Nairobi 106 96
107 Baku 107 98
108 Hangzhou 108 109
109 Riga 109 97
110 Tianjin 110 108
111 Dalian 111 110
112 Xi’an 112 105
113 Nanjing 113 89
114 Wuhan 114 111

 

Highlights:

  • The top financial centre is New York
  • The 2nd ranked financial centre is London
  • The 3rd ranked financial centre is Shanghai
  • The top 3 financial centres: New York, London & Shanghai
  • The top 5 financial centres: New York, London, Shanghai, Hong Kong & Singapore
  • The top 10 financial centres: New York, London, Shanghai, Hong Kong, Singapore, Beijing, Tokyo, Shenzhen, Frankfurt, Zurich
  • 4 of the top 10 are China’s cities: Shanghai, Hong Kong, Beijing, Shenzhen
  • 3 of the top 10 are European cities: London, Frankfurt, Zurich
  • 6 of the top 10 are in Asia-Pacific: Shanghai, Hong Kong, Singapore, Beijing, Tokyo, Shenzhen

 

ZYen Logo

Executive Chairman of Z/Yen, Professor Michael Mainelli:

“GFCI 29 ratings have not returned to the levels of 2019, reflecting a welter of instability in international trade, politics, and economics, not least large-scale interventions by central banks and questions about the future treatment of commercial banks, insurers, and payment providers. ‘Building back’ will see major changes to investments and taxation.

GFCI is most active on the Pacific Rim. Only 44 points on a thousand point scale separate the top 10 centres. A four point rise would place Singapore second only to New York. It’s tight at the top, and no time for complacency.”

 

Financial Services Development Council Logo

Hong Kong Financial Services Development Council Chairman, Laurence Li :

“ In a global ranking, the relationship among markets is often seen as zero-sum. But the synergy which can be achieved through collaboration is what we intend to highlight further. “ 

 

Related:

More:

 

About GFCI 29

GFCI 29 rates 114 financial centres across the world combining assessments from financial professionals with quantitative data which form instrumental factors.  GFCI 29 uses 65,507 financial centre assessments collected from 10,774 financial services professionals who responded to the GFCI online questionnaire. The GFCI is updated regularly and ratings change as assessments and instrumental factors change.

GFCI is part of the Long Finance initiative which undertakes research programmes on Financial Centre Futures, Sustainable Futures, Distributed Futures, Eternal Coin, and Meta-Commerce.

 

About Z/Yen

Z/Yen is the City of London’s leading commercial think-tank. Z/Yen was founded in 1994 to promote societal advance through better finance and technology. 

In March 2007, Z/Yen and the City Of London released the first edition of the GFCI, which continues to provide evaluations of competitiveness and rankings for the major financial centres around the world.  In July 2016, Z/Yen and the China Development Institute (CDI) in Shenzhen established a strategic partnership for research into financial centres.  The GFCI is updated every March and September and receives considerable attention from the global financial community. The index serves as a valuable reference for policy and investment decisions. 



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