2023 Top Financial Centres in Asia
1st April 2023 | Hong Kong
Which are the top financial centres in Asia in 2022? The top 5 financial centres in Asia-Pacific are Singapore, Hong Kong, Shanghai, Seoul, Shenzhen, top 5 financial centres in Europe are London, Paris, Amsterdam, Frankfurt, Munich and the top 5 financial centres in North America are New York, San Francisco, Los Angeles, Chicago, Boston. The top financial centre in 2023 is New York, and in the top 5 are New York, London, Singapore, Hong Kong, San Francisco. The top 5 banking centres are New York, London, Hong Kong, Singapore, Shanghai, Beijing, Chicago, Shenzhen, Los Angeles, Boston and the top 5 investment management centres are New York, London, Shanghai, Singapore, Luxembourg. The GFCI serves as a valuable reference for policy and investment decision-makers. 130 financial centres were researched for GFCI 33 of which 120 are in the main index. The GFCI is 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 are combined with financial centre assessments provided by respondents to the GFCI online questionnaire. GFCI 33 uses 61,449 assessments from 10,252 respondents. View below for key highlights and full ranking. View: Full report here
“ The top 5 financial centres are New York, London, Singapore, Hong Kong, San Francisco “
2023 Top Financial Centres in the World
Z/Yen has released the 2023 Global Financial Centres Index (GFCI 33rd Edition) on 23rd March 2023, providing evaluations of future competitiveness and rankings for 120 financial centres around the world.
Links:
- The 2023 Global Financial Centres Index 33rd Edition
- The 2023 Global Financial Centres Index 33rd Edition – Full Ranking
- 2023 Top Financial Centres in the World
- 2023 Top Financial Centres in Asia
Key 2023 Highlights
- The top financial centre is New York
- The 2nd ranked financial centre is London
- The 3rd ranked financial centre is Singapore
- The top 5 financial centres: New York, London, Singapore, Hong Kong, San Francisco
- The top 10 financial centres: New York, London, Singapore, Hong Kong, San Francisco, Los Angeles, Shanghai, Chicago, Boston, Seoul
- 2 of the top 10 are United States cities: New York, Los Angeles, San Francisco, Boston
- 4 of the top 10 are China’s cities: Hong Kong, Shanghai
- 1 of the top 10 is European city: London
- 3 of the top 10 are in Asia-Pacific: Hong Kong, Singapore, Shanghai,
- Singapore is the top financial centre in Asia-Pacific (APAC)
- The top 10 financial centres in APAC: Singapore, Hong Kong, Shanghai, Seoul, Shenzhen, Beijing, Sydney, Tokyo, Melbourne, Guangzhou
- The top 10 financial centres in Europe: London, Paris, Amsterdam, Frankfurt, Munich, Luxembourg, Zurich, Geneva, Copenhagen, Berlin
- The top 10 financial centres in North America: New York, San Francisco, Los Angeles, Chicago, Boston, Washington DC, Toronto, Minneapolis/St Paul, Atlanta, Vancouver
- The top 5 financial centres in MENA: Dubai, Abu Dhabi, Tel Aviv, Casablanca, Doha
The 2023 Global Financial Centres Index 33rd Edition
1) By Industry Sector
- Top 10 Banking Centre: New York, London, Hong Kong, Singapore, Shanghai, Beijing, Chicago, Shenzhen, Los Angeles, Boston
- Top 10 Investment Mgmt Centre: New York, London, Shanghai, Singapore, Luxembourg, Hong Kong, Shenzhen, San Francisco, Beijing, Los Angeles
- Top 10 Trading Centre: New York, London, Shanghai, Singapore, Los Angeles, San Francisco, Seoul, Hong Kong, Shenzhen, Washington DC
- Top 10 Insurance Centre: New York, London, Hong Kong, Singapore, Shenzhen, Shanghai, Los Angeles, Sydney, Paris, Seoul
- Top 10 Finance: New York, London, San Francisco, Singapore, Hong Kong, Paris, Chicago, Los Angeles, Frankfurt, Shanghai
- Top 10 Fintech: New York, London, Singapore, Hong Kong, San Francisco, Seoul, Amsterdam, Chicago, Munich, Boston
- Top 10 Govt & Regulatory: New York, London, Singapore, Hong Kong, Seoul, Shanghai, Frankfurt, Geneva, Dubai, San Francisco
- Top 10 Professional Services: New York, London, Singapore, Hong Kong, San Francisco, Los Angeles, Seoul, Frankfurt, Shanghai, Washington DC
2) By Area Of Competitiveness
- Top 5 Business Environment – New York, London, San Francisco, Chicago, Los Angeles
- Top 5 Human Capital – New York, London, San Francisco, Luxembourg, Sydney
- Top 5 Infrastructure – New York, London, Singapore, Hong Kong, Seoul
- Top 5 Financial Sector Development – New York, London, San Francisco, Chicago, Hong Kong
- Top 5 Reputational & General – New York, London, Singapore, San Francisco, Chicago
3) Top 15 Centres to Become More Significant in the 2 to 3 Years:
- Seoul
- Singapore
- Kigali
- Hong Kong
- London
- Dubai
- New York
- Shanghai
- Paris
- Abu Dhabi
- Busan
- Frankfurt
- Beijing
- GIFT City – Gujarat
- Amsterdam
4) Top 15 Most Desirable Cities (Live & Work) in 2022:
- New York
- London
- Hong Kong
- Singapore
- Abu Dhabi
- Beijing
- Busan
- Dubai
- Amsterdam
- Boston
- Berlin
- Casablanca
- Chicago
- Tokyo
- Seoul
7 of 15 Centres above are in APAC
5) 2023 Top Global Financial Centres Ranking
Cities | Rank | Previous | |
1 | New York | 1 | 1 |
2 | London | 2 | 2 |
3 | Singapore | 3 | 3 |
4 | Hong Kong | 4 | 4 |
5 | San Francisco | 5 | 5 |
6 | Los Angeles | 6 | 7 |
7 | Shanghai | 7 | 6 |
8 | Chicago | 8 | 12 |
9 | Boston | 9 | 14 |
10 | Seoul | 10 | 11 |
11 | Washington DC | 11 | 15 |
12 | Shenzhen | 12 | 9 |
13 | Beijing | 13 | 8 |
14 | Paris | 14 | 10 |
15 | Sydney | 15 | 13 |
16 | Amsterdam | 16 | 19 |
17 | Frankfurt | 17 | 18 |
18 | Munich | 18 | 24 |
19 | Luxembourg | 19 | 21 |
20 | Zurich | 20 | 22 |
21 | Tokyo | 21 | 16 |
22 | Dubai | 22 | 17 |
23 | Geneva | 23 | 20 |
24 | Copenhagen | 24 | 30 |
25 | Toronto | 25 | 23 |
26 | Berlin | 26 | 26 |
27 | Edinburgh | 27 | 27 |
28 | Melbourne | 28 | 31 |
29 | Minneapolis/St Paul | 29 | New |
30 | Atlanta | 30 | 45 |
31 | Stockholm | 31 | 28 |
32 | Vancouver | 32 | 41 |
33 | Oslo | 33 | 35 |
34 | Guangzhou | 34 | 25 |
35 | Abu Dhabi | 35 | 32 |
36 | Qingdao | 36 | 36 |
37 | Busan | 37 | 29 |
38 | Osaka | 38 | 37 |
39 | San Diego | 39 | 59 |
40 | Madrid | 40 | 40 |
41 | Helsinki | 41 | 44 |
42 | Montreal | 42 | 33 |
43 | Hamburg | 43 | 38 |
44 | Chengdu | 44 | 34 |
45 | Glasgow | 45 | 43 |
46 | Calgary | 46 | 42 |
47 | Stuttgart | 47 | 39 |
48 | Dublin | 48 | 49 |
49 | Brussels | 49 | 47 |
50 | Milan | 50 | 48 |
51 | Vienna | 51 | 50 |
52 | Wellington | 52 | 46 |
53 | Tel Aviv | 53 | 53 |
54 | Rome | 54 | 51 |
55 | Lisbon | 55 | 52 |
56 | Lugano | 56 | 58 |
57 | Casablanca | 57 | 54 |
58 | Kuala Lumpur | 58 | 56 |
59 | Guernsey | 59 | 71 |
60 | Jersey | 60 | 60 |
61 | Mumbai | 61 | 70 |
62 | Malta | 62 | 63 |
63 | Taipei | 63 | 55 |
64 | Doha | 64 | 57 |
65 | New Delhi | 65 | 68 |
66 | Astana | 66 | 66 |
67 | GIFT City-Gujarat | 67 | 75 |
68 | Prague | 68 | 61 |
69 | Johannesburg | 69 | 65 |
70 | Warsaw | 70 | 62 |
71 | Bangkok | 71 | 79 |
72 | Dalian | 72 | 80 |
73 | Cape Town | 73 | 64 |
74 | Cayman Islands | 74 | 67 |
75 | Nanjing | 75 | 83 |
76 | Reykjavik | 76 | 94 |
77 | Santiago | 77 | 69 |
78 | Cyprus | 78 | 76 |
79 | Tianjin | 79 | 87 |
80 | Hangzhou | 80 | 85 |
81 | Mauritius | 81 | 92 |
82 | Bahrain | 82 | 81 |
83 | Jakarta | 83 | 95 |
84 | Athens | 84 | 96 |
85 | Isle of Man | 85 | 78 |
86 | Moscow | 86 | 73 |
87 | Bermuda | 87 | 72 |
88 | Riyadh | 88 | 98 |
89 | Liechtenstein | 89 | 74 |
90 | Istanbul | 90 | 77 |
91 | Sofia | 91 | 102 |
92 | Monaco | 92 | 86 |
93 | Bratislava | 93 | 84 |
94 | Tallinn | 94 | 93 |
95 | Riga | 95 | 107 |
96 | Almaty | 96 | 89 |
97 | Mexico City | 97 | 82 |
98 | Kigali | 98 | 100 |
99 | Sao Paulo | 99 | 89 |
100 | Rio de Janeiro | 100 | 88 |
101 | Budapest | 101 | 90 |
102 | Kuwait City | 102 | 97 |
103 | Nairobi | 103 | 108 |
104 | Gibraltar | 104 | 105 |
105 | Xi’an | 105 | 101 |
106 | Vilnius | 106 | 118 |
107 | British Virgin Islands | 107 | 106 |
108 | Manila | 108 | 91 |
109 | Lagos | 109 | 103 |
110 | Panama | 110 | 109 |
111 | Wuhan | 111 | 111 |
112 | Ho Chi Minh City | 112 | 119 |
113 | Bogota | 113 | 104 |
114 | Bahamas | 114 | 99 |
115 | St Petersburg | 115 | 110 |
116 | Baku | 116 | 114 |
117 | Buenos Aires | 117 | 115 |
118 | Tehran | 118 | 112 |
119 | Trinidad and Tobago | 119 | 113 |
120 | Barbados | 120 | 117 |
6) Top 15 Financial Centres – Asia-Pacific
Cities | Rank | Global | |
1 | Singapore | 1 | 3 |
2 | Hong Kong | 2 | 4 |
3 | Shanghai | 3 | 7 |
4 | Seoul | 4 | 10 |
5 | Shenzhen | 5 | 12 |
6 | Beijing | 6 | 13 |
7 | Sydney | 7 | 15 |
8 | Tokyo | 8 | 21 |
9 | Melbourne | 9 | 28 |
10 | Guangzhou | 10 | 34 |
11 | Qingdao | 11 | 36 |
12 | Busan | 12 | 37 |
13 | Osaka | 13 | 38 |
14 | Chengdu | 14 | 44 |
15 | Wellington | 15 | 52 |
7) Top 15 Financial Centres – Western Europe
Cities | Rank | Global | |
1 | London | 1 | 2 |
2 | Paris | 2 | 14 |
3 | Amsterdam | 3 | 16 |
4 | Frankfurt | 4 | 17 |
5 | Munich | 5 | 18 |
6 | Luxembourg | 6 | 19 |
7 | Zurich | 7 | 20 |
8 | Geneva | 8 | 23 |
9 | Copenhagen | 9 | 24 |
10 | Berlin | 10 | 26 |
11 | Edinburgh | 11 | 27 |
12 | Stockholm | 12 | 31 |
13 | Oslo | 13 | 33 |
14 | Madrid | 14 | 40 |
15 | Helsinki | 15 | 41 |
8) Top 10 Financial Centres – North America
Cities | Rank | Global | |
1 | New York | 1 | 1 |
2 | San Francisco | 2 | 5 |
3 | Los Angeles | 3 | 6 |
4 | Chicago | 4 | 8 |
5 | Boston | 5 | 9 |
6 | Washington DC | 6 | 11 |
7 | Toronto | 7 | 25 |
8 | Minneapolis/St Paul | 8 | 29 |
9 | Atlanta | 9 | 30 |
10 | Vancouver | 10 | 32 |
Links:
- The 2023 Global Financial Centres Index 33rd Edition
- The 2023 Global Financial Centres Index 33rd Edition – Full Ranking
- 2023 Top Financial Centres in the World
- 2023 Top Financial Centres in Asia
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