The 2024 Global Financial Centres Index 36th Edition: Top 10 Financial Centres are New York, London, Hong Kong, Singapore, San Francisco, Chicago, Los Angeles, Shanghai, Shenzhen, Frankfurt
22nd November 2024 | Hong Kong
Z/Yen has released the 2024 Global Financial Centres Index (GFCI 36th Edition), providing evaluations of future competitiveness and rankings of 121 financial centres around the world. The top financial centre is New York. The 2nd ranked financial centre is London. The 3rd ranked financial centre is Hong Kong. The top 5 financial centres: New York, London, Hong Kong, Singapore, San Francisco. The top 10 financial centres: New York, London, Hong Kong, Singapore, San Francisco, Chicago, Los Angeles, Shanghai, Shenzhen, Frankfurt. 4 of the top 10 are United States cities: New York, San Francisco, Chicago, Los Angeles. 3 of the top 10 are China cities: Hong Kong, Shanghai, Shenzhen. 2 of the top 10 are European cities: London, Frankfurt. 4 of the top 10 are in Asia-Pacific: Hong Kong, Singapore, Shanghai, Shenzhen. Hong Kong is the top financial centre in Asia-Pacific (APAC). The top 10 financial centres in APAC: Hong Kong, Singapore, Shanghai, Shenzhen, Seoul, Beijing, Tokyo, Busan, Sydney, Qingdao. The top 10 financial centres in Europe: London, Frankfurt, Geneva, Dublin, Paris, Zurich, Luxembourg, Lugano, Amsterdam, Edinburgh. The top 10 financial centres in North America: New York, San Francisco, Chicago, Los Angeles, Washington DC, San Diego, Boston, Toronto, Montreal, Minneapolis / St Paul. The top 5 financial centres in Middle East & Africa: Dubai, Abu Dhabi, Tel Aviv, Casablanca, Mauritius. See below for key findings & summary | View report here
- The 2024 Global Financial Centres Index 35th Edition: Top 10 Financial Centres are New York, London, Singapore, Hong Kong, San Francisco, Shanghai, Geneva, Los Angeles, Chicago & Seoul
- The 2024 Global Financial Centres Index 35th Edition & Full Ranking
- 2024 Top Financial Centres in the World
“ Top 10 Financial Centres are New York, London, Singapore, Hong Kong, San Francisco, Shanghai, Geneva, Los Angeles, Chicago & Seoul “
The 2024 Global Financial Centres Index 36th Edition: Top 10 Financial Centres are New York, London, Hong Kong, Singapore, San Francisco, Chicago, Los Angeles, Shanghai, Shenzhen, Frankfurt
Z/Yen has released the 2024 Global Financial Centres Index (GFCI 36th Edition), providing evaluations of future competitiveness and rankings of 121 financial centres around the world. See below for key findings & summary | View report here
- The 2024 Global Financial Centres Index 35th Edition: Top 10 Financial Centres are New York, London, Singapore, Hong Kong, San Francisco, Shanghai, Geneva, Los Angeles, Chicago & Seoul
- The 2024 Global Financial Centres Index 35th Edition & Full Ranking
- 2024 Top Financial Centres in the World
The 2024 Global Financial Centres Index 35th Edition
Key 2024 Highlights
- The top financial centre is New York
- The 2nd ranked financial centre is London
- The 3rd ranked financial centre is Hong Kong
- The top 5 financial centres: New York, London, Hong Kong, Singapore, San Francisco
- The top 10 financial centres: New York, London, Hong Kong, Singapore, San Francisco, Chicago, Los Angeles, Shanghai, Shenzhen, Frankfurt
- 4 of the top 10 are United States cities: New York, San Francisco, Chicago, Los Angeles
- 3 of the top 10 are China cities: Hong Kong, Shanghai, Shenzhen
- 2 of the top 10 are European cities: London, Frankfurt
- 4 of the top 10 are in Asia-Pacific: Hong Kong, Singapore, Shanghai, Shenzhen
- Hong Kong is the top financial centre in Asia-Pacific (APAC)
- The top 10 financial centres in APAC: Hong Kong, Singapore, Shanghai, Shenzhen, Seoul, Beijing, Tokyo, Busan, Sydney, Qingdao
- The top 10 financial centres in Europe: London, Frankfurt, Geneva, Dublin, Paris, Zurich, Luxembourg, Lugano, Amsterdam, Edinburgh
- The top 10 financial centres in North America: New York, San Francisco, Chicago, Los Angeles, Washington DC, San Diego, Boston, Toronto, Montreal, Minneapolis / St Paul
- The top 5 financial centres in Middle East & Africa: Dubai, Abu Dhabi, Tel Aviv, Casablanca, Mauritius
1) Top 20 Financial Centres
- New York
- London
- Hong Kong
- Singapore
- San Francisco
- Chicago
- Los Angeles
- Shanghai
- Shenzhen
- Frankfurt
- Seoul
- Washington DC
- Geneva
- Dublin
- Paris
- Dubai
- Zurich
- Beijing
- Luxembourg
- Tokyo
2) Ranking by Industry Sector
- Top 10 Banking Centres: New York, Shenzhen, London, Hong Kong, Shanghai, Chicago, Singapore, Beijing, San Francisco, Los Angeles
- Top 10 Investment Management Centres: Hong Kong, New York, Shenzhen, London, Singapore, Shanghai, Dublin, San Francisco, Frankfurt, Los Angeles
- Top 10 Trading Centres: New York, Singapore, Shanghai, Seoul, London, Los Angeles, Chicago, Beijing, San Francisco, Hong Kong
- Top 10 Insurance Centres: New York, London, Hong Kong, Shenzhen, Shanghai, Beijing, Singapore, San Francisco, Sydney, Los Angeles
- Top 10 Finance: Shenzhen, New York, Hong Kong, London, Shanghai, Chicago, San Francisco, Singapore, Beijing, Washington DC
- Top 10 Fintech: New York, Singapore, London, Hong Kong, San Francisco, Dubai, Frankfurt, Seoul, Los Angeles, San Diego
- Top 10 Govt & Regulatory: New York, Singapore, London, Shanghai, Hong Kong, Chicago, Zurich, Luxembourg, Seoul, Beijing
- Top 10 Professional Services: New York, Singapore, London, San Francisco, Los Angeles, Seoul, Tokyo, Hong Kong, Shanghai, Beijing
3) Ranking by Area Of Competitiveness
- Top 5 Business Environment – New York, Singapore, London, Hong Kong, Shanghai
- Top 5 Human Capital – New York, London, Hong Kong, Singapore, San Francisco
- Top 5 Infrastructure – New York, Singapore, London, Hong Kong, Seoul
- Top 5 Financial Sector Development – New York, Singapore, Shanghai, London, San Francisco
- Top 5 Reputational & General – New York, London, Singapore, Hong Kong, San Francisco
4) Top 15 Centres to Become More Significant in the 2 to 3 Years
- Seoul
- Singapore
- Dubai
- Hong Kong
- London
- Shanghai
- Busan
- New York
- Casablanca
- Kigali
- Abu Dhabi
- Paris
- Beijing
- GIFT CITY – GUJARAT
- Shenzhen
5) 2024 Top Global Financial Centres Ranking
Cities | Rank | Previous | |
1 | New York | 1 | 1 |
2 | London | 2 | 2 |
3 | Hong Kong | 3 | 4 |
4 | Singapore | 4 | 3 |
5 | San Francisco | 5 | 5 |
6 | Chicago | 6 | 9 |
7 | Los Angeles | 7 | 8 |
8 | Shanghai | 8 | 6 |
9 | Shenzhen | 9 | 11 |
10 | Frankfurt | 10 | 13 |
11 | Seoul | 11 | 10 |
12 | Washington DC | 12 | 12 |
13 | Geneva | 13 | 7 |
14 | Dublin | 14 | 25 |
15 | Paris | 15 | 14 |
16 | Dubai | 16 | 20 |
17 | Zurich | 17 | 16 |
18 | Beijing | 18 | 15 |
19 | Luxembourg | 19 | 17 |
20 | Tokyo | 20 | 19 |
21 | San Diego | 21 | 21 |
22 | Boston | 22 | 22 |
23 | Toronto | 23 | 23 |
24 | Montreal | 24 | 30 |
25 | Busan | 25 | 27 |
26 | Lugano | 26 | 35 |
27 | Amsterdam | 27 | 24 |
28 | Sydney | 28 | 18 |
29 | Edinburgh | 29 | 33 |
30 | Jersey | 30 | 40 |
31 | Qingdao | 31 | 31 |
32 | Melbourne | 32 | 28 |
33 | Minneapolis / St Paul | 33 | 26 |
34 | Guangzhou | 34 | 29 |
35 | Abu Dhabi | 35 | 37 |
36 | Miami | 36 | 38 |
37 | Glasgow | 37 | 42 |
38 | Calgary | 38 | 34 |
39 | Chengdu | 39 | 43 |
40 | Copenhagen | 40 | 39 |
41 | Atlanta | 41 | 45 |
42 | Vancouver | 42 | 46 |
43 | Berlin | 43 | 32 |
44 | Osaka | 44 | 47 |
45 | Munich | 45 | 36 |
46 | Wellington | 46 | 41 |
47 | Madrid | 47 | 52 |
48 | Tel Aviv | 48 | 48 |
49 | Guernsey | 49 | 69 |
50 | Hamburg | 50 | 51 |
51 | Milan | 51 | 55 |
52 | GIFT City-Gujarat | 52 | 57 |
53 | Stuttgart | 53 | 44 |
54 | Mumbai | 54 | 58 |
55 | Reykjavik | 55 | 49 |
56 | Isle of Man | 56 | 68 |
57 | Casablanca | 57 | 56 |
58 | Oslo | 58 | 53 |
59 | Kuala Lumpur | 59 | 77 |
60 | Mauritius | 60 | 61 |
61 | Brussels | 61 | 60 |
62 | Astana | 62 | 66 |
63 | Riyadh | 63 | 84 |
64 | Doha | 64 | 88 |
65 | Dalian | 65 | 59 |
66 | Stockholm | 66 | 50 |
67 | Kigali | 67 | 67 |
68 | New Delhi | 68 | 75 |
69 | Kuwait City | 69 | 80 |
70 | Malta | 70 | 70 |
71 | Helsinki | 71 | 62 |
72 | Hangzhou | 72 | 71 |
73 | Taipei | 73 | 73 |
74 | Liechtenstein | 74 | 64 |
75 | Johannesburg | 75 | 82 |
76 | Rome | 76 | 54 |
77 | Nanjing | 77 | 63 |
78 | Tianjin | 78 | 65 |
79 | Bermuda | 79 | 106 |
80 | Bahrain | 80 | 76 |
81 | Cayman Islands | 81 | 79 |
82 | Wuhan | 82 | 91 |
83 | Vienna | 83 | 72 |
84 | Cape Town | 84 | 83 |
85 | Sao Paulo | 85 | 85 |
86 | Almaty | 86 | 98 |
87 | Lisbon | 87 | 74 |
88 | Gibraltar | 88 | 78 |
89 | Barbados | 89 | 87 |
90 | Rio de Janeiro | 90 | 94 |
91 | Tallinn | 91 | 81 |
92 | Cyprus | 92 | 97 |
93 | Prague | 93 | 86 |
94 | Xi’an | 94 | 90 |
95 | Bangkok | 95 | 93 |
96 | Santiago | 96 | 92 |
97 | Jakarta | 97 | 102 |
98 | Monaco | 98 | 89 |
99 | Warsaw | 99 | 96 |
100 | Lagos | 100 | 100 |
101 | Riga | 101 | 99 |
102 | Nairobi | 102 | 95 |
103 | Bahamas | 103 | 111 |
104 | Istanbul | 104 | 110 |
105 | Ho Chi Minh City | 105 | 108 |
106 | Vilnius | 106 | 103 |
107 | Mexico City | 107 | 109 |
108 | Sofia | 108 | 104 |
109 | British Virgin Islands | 109 | 107 |
110 | Manila | 110 | 101 |
111 | Athens | 111 | 105 |
112 | Panama | 112 | 115 |
113 | Tehran | 113 | 112 |
114 | Budapest | 114 | 113 |
115 | Trinidad and Tobago | 115 | 114 |
116 | Bratislava | 116 | 116 |
117 | Bogota | 117 | 117 |
118 | St Petersburg | 118 | 120 |
119 | Moscow | 119 | 118 |
120 | Baku | 120 | 119 |
121 | Buenos Aires | 121 | 121 |
6) Top 15 Financial Centres – Asia-Pacific
Cities | Rank | Global | |
1 | Hong Kong | 3 | 3 |
2 | Singapore | 4 | 4 |
3 | Shanghai | 8 | 8 |
4 | Shenzhen | 9 | 9 |
5 | Seoul | 11 | 11 |
6 | Beijing | 18 | 18 |
7 | Tokyo | 20 | 20 |
8 | Busan | 25 | 25 |
9 | Sydney | 28 | 28 |
10 | Qingdao | 31 | 31 |
11 | Melbourne | 32 | 32 |
12 | Guangzhou | 34 | 34 |
13 | Chengdu | 39 | 39 |
14 | Osaka | 44 | 44 |
15 | Wellington | 46 | 46 |
7) Top 15 Financial Centres – Western Europe
Cities | Rank | Global | |
1 | London | 2 | 2 |
2 | Frankfurt | 10 | 10 |
3 | Geneva | 13 | 13 |
4 | Dublin | 14 | 14 |
5 | Paris | 15 | 15 |
6 | Zurich | 17 | 17 |
7 | Luxembourg | 19 | 19 |
8 | Lugano | 26 | 26 |
9 | Amsterdam | 27 | 27 |
10 | Edinburgh | 29 | 29 |
11 | Jersey | 30 | 30 |
12 | Glasgow | 37 | 37 |
13 | Copenhagen | 40 | 40 |
14 | Berlin | 43 | 43 |
15 | Munich | 45 | 45 |
8) Top 10 Financial Centres – North America
Cities | Rank | Global | |
1 | New York | 1 | 1 |
2 | San Francisco | 5 | 5 |
3 | Chicago | 6 | 6 |
4 | Los Angeles | 7 | 7 |
5 | Washington DC | 12 | 12 |
6 | San Diego | 21 | 21 |
7 | Boston | 22 | 22 |
8 | Toronto | 23 | 23 |
9 | Montreal | 24 | 24 |
10 | Minneapolis / St Paul | 33 | 33 |
9) Top 10 Financial Centres – Middle East & Africa
Cities | Rank | Global | |
1 | Dubai | 16 | 16 |
2 | Abu Dhabi | 35 | 35 |
3 | Tel Aviv | 48 | 48 |
4 | Casablanca | 57 | 57 |
5 | Mauritius | 60 | 60 |
6 | Riyadh | 63 | 63 |
7 | Doha | 64 | 64 |
8 | Kigali | 67 | 67 |
9 | Kuwait City | 69 | 69 |
10 | Johannesburg | 75 | 75 |
The Global Financial Centres Index 36
The 36th edition of the Global Financial Centres Index (GFCI 36) was published on 24 September 2024. GFCI 36 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. China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London collaborate in producing the GFCI. The GFCI is updated and published every March and September, and receives considerable attention from the global financial community. 133 financial centres were researched for GFCI 36 of which 121 are in the main index. The GFCI is compiled using 143 instrumental factors. These quantitative measures are provided by third parties including the World Bank,, the OECD, and the United Nations. The instrumental factors are combined with financial centre assessments provided by respondents to the GFCI online questionnaire. GFCI 36 uses 37,830 assessments from 6,188 respondents.
Z/Yen is the City of London’s leading commercial think-tank, founded in 1994 to promote societal advance through better finance and technology. Z/Yen has built its practice around a core of high- powered project managers, supported by experienced technical specialists so that clients get expertise they need, rather than just resources available. 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. We are pleased to present the thirty-fifth edition of the Global Financial Centres Index (GFCI 35). In July 2016, Z/Yen and the China Development Institute (CDI) in Shenzhen established a strategic partnership for research into financial centres. We continue our collaboration in producing the GFCI. 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. The China Development Institute (CDI)is a leading national think-tank that develops solutions to public policy challenges through broad-scope and in-depth research to help advance China’s reform and opening-up to world markets. The CDI has been working on the promotion and development of China’s financial system since its establishment in 1989. Based on rigorous research and objective analysis, CDI is committed to providing innovative and pragmatic reports for governments at different levels in China and corporations at home and abroad.
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