2024 Top Financial Centres in the World
5th April 2024 | Hong Kong
Which are the top financial centres in the world in 2024? The top financial centre in 2024 is New York, and the top 10 financial centres are New York, London, Singapore, Hong Kong, San Francisco, Shanghai, Geneva, Los Angeles, Chicago, Seoul. The top 10 financial centres in APAC are Singapore, Hong Kong, Shanghai, Seoul, Shenzhen, Beijing, Sydney, Tokyo, Melbourne, Guangzhou. The top 10 financial centres in Europe are London, Geneva, Frankfurt, Paris, Zurich, Luxembourg, Amsterdam, Dublin, Berlin, Edinburgh. The top 10 financial centres in North America are New York, San Francisco, Los Angeles, Chicago, Washington DC, San Diego, Boston, Toronto, Minneapolis / St Paul, Montreal. The top 5 financial centres in Middle East & Africa are Dubai, Abu Dhabi, Casablanca, Tel Aviv, Mauritius. Top 10 Banking Centre: New York, London, Shanghai, Geneva, Luxembourg, Singapore, San Francisco, Shenzhen, Hong Kong, Tokyo. Top 10 Investment Mgmt Centre: New York, London, Singapore, Hong Kong, Shenzhen, Shanghai, Geneva, San Francisco, Beijing, Copenhagen. Top 10 Trading Centre: New York, Singapore, London, San Francisco, Los Angeles, Seoul, Tokyo, Hong Kong, Shanghai, Beijing. GFCI 35 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 35 of which 121 are in the main index. The GFCI is compiled using 145 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 35 uses 48,365 assessments from 8,494 respondents. See below for key highlights and full ranking. | 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 “
2024 Top Financial Centres in the World
Z/Yen has released the 2024 Global Financial Centres Index (GFCI 35th Edition), providing evaluations of future competitiveness and rankings of 121 financial centres around the world.
- 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 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, Shanghai, Geneva, Los Angeles, Chicago, Seoul
- 4 of the top 10 are United States cities: New York, San Francisco, Los Angeles, Chicago
- 2 of the top 10 are China cities: Hong Kong, Shanghai
- 2 of the top 10 are European cities: London, Geneva
- 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, Geneva, Frankfurt, Paris, Zurich, Luxembourg, Amsterdam, Dublin, Berlin, Edinburgh
- The top 10 financial centres in North America: New York, San Francisco, Los Angeles, Chicago, Washington DC, San Diego, Boston, Toronto, Minneapolis / St Paul, Montreal
- The top 5 financial centres in Middle East & Africa: Dubai, Abu Dhabi, Casablanca, Tel Aviv, Mauritius
1) Top 20 Financial Centres
- New York
- London
- Singapore
- Hong Kong
- San Francisco
- Shanghai
- Geneva
- Los Angeles
- Chicago
- Seoul
- Shenzhen
- Washington DC
- Frankfurt
- Paris
- Beijing
- Zurich
- Luxembourg
- Sydney
- Tokyo
- Dubai
2) By Industry Sector
- Top 10 Banking Centres: New York, London, Shanghai, Geneva, Luxembourg, Singapore, San Francisco, Shenzhen, Hong Kong, Tokyo
- Top 10 Investment Management Centres: New York, London, Singapore, Hong Kong, Shenzhen, Shanghai, Geneva, San Francisco, Beijing, Copenhagen
- Top 10 Trading Centres: New York, Singapore, London, San Francisco, Los Angeles, Seoul, Tokyo, Hong Kong, Shanghai, Beijing
- Top 10 Insurance Centres: Singapore, New York, London, Shenzhen, Los Angeles, Beijing, Boston, Sydney, Washington DC, Hong Kong
- Top 10 Finances: New York, London, Shenzhen, Chicago, Shanghai, San Francisco, Washington DC, Frankfurt, Beijing, Singapore
- Top 10 Fintech: New York, London, Singapore, Hong Kong, Zurich, San Francisco, Seoul, Geneva, Chicago, Amsterdam
- Top 10 Govt & Regulatory: New York, London, Singapore, Washington DC, Zurich, Tokyo, Geneva, Shanghai, San Francisco, Seoul
- Top 10 Professional Services: New York, Singapore, London, San Francisco, Los Angeles, Seoul, Chicago, Zurich, Dubai, Geneva
3) By Area Of Competitiveness
- Top 5 Business Environment – New York, Singapore, London, Beijing, Shanghai
- Top 5 Human Capital – New York, London, Luxembourg, Singapore, Los Angeles
- Top 5 Infrastructure – New York, London, Singapore, Shenzhen, Luxembourg
- Top 5 Financial Sector Development – New York, Singapore, London, San Francisco, Los Angeles
- Top 5 Reputational & General – New York, London, Singapore, Beijing, 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 |
2023
|
|
1 | New York | 1 | 1 |
2 | London | 2 | 2 |
3 | Singapore | 3 | 3 |
4 | Hong Kong | 4 | 4 |
5 | San Francisco | 5 | 5 |
6 | Shanghai | 6 | 7 |
7 | Geneva | 7 | 10 |
8 | Los Angeles | 8 | 6 |
9 | Chicago | 9 | 9 |
10 | Seoul | 10 | 11 |
11 | Shenzhen | 11 | 12 |
12 | Washington DC | 12 | 8 |
13 | Frankfurt | 13 | 14 |
14 | Paris | 14 | 15 |
15 | Beijing | 15 | 13 |
16 | Zurich | 16 | 18 |
17 | Luxembourg | 17 | 16 |
18 | Sydney | 18 | 22 |
19 | Tokyo | 19 | 20 |
20 | Dubai | 20 | 21 |
21 | San Diego | 21 | 27 |
22 | Boston | 22 | 17 |
23 | Toronto | 23 | 30 |
24 | Amsterdam | 24 | 19 |
25 | Dublin | 25 | 25 |
26 | Minneapolis / St Paul | 26 | 28 |
27 | Busan | 27 | 33 |
28 | Melbourne | 28 | 39 |
29 | Guangzhou | 29 | 29 |
30 | Montreal | 30 | 38 |
31 | Qingdao | 31 | 32 |
32 | Berlin | 32 | 23 |
33 | Edinburgh | 33 | 34 |
34 | Calgary | 34 | 41 |
35 | Lugano | 35 | 47 |
36 | Munich | 36 | 26 |
37 | Abu Dhabi | 37 | 35 |
38 | Miami | 38 | 24 |
39 | Copenhagen | 39 | 31 |
40 | Jersey | 40 | 52 |
41 | Wellington | 41 | 56 |
42 | Glasgow | 42 | 51 |
43 | Chengdu | 43 | 44 |
44 | Stuttgart | 44 | 46 |
45 | Atlanta | 45 | 36 |
46 | Vancouver | 46 | 37 |
47 | Osaka | 47 | 43 |
48 | Tel Aviv | 48 | 57 |
49 | Reykjavik | 49 | 63 |
50 | Stockholm | 50 | 40 |
51 | Hamburg | 51 | 49 |
52 | Madrid | 52 | 48 |
53 | Oslo | 53 | 42 |
54 | Rome | 54 | 55 |
55 | Milan | 55 | 45 |
56 | Casablanca | 56 | 54 |
57 | GIFT City-Gujarat | 57 | 62 |
58 | Mumbai | 58 | 66 |
59 | Dalian | 59 | 64 |
60 | Brussels | 60 | 53 |
61 | Mauritius | 61 | 68 |
62 | Helsinki | 62 | 50 |
63 | Nanjing | 63 | 65 |
64 | Liechtenstein | 64 | 70 |
65 | Tianjin | 65 | 69 |
66 | Astana | 66 | 60 |
67 | Kigali | 67 | 81 |
68 | Isle of Man | 68 | 59 |
69 | Guernsey | 69 | 58 |
70 | Malta | 70 | 71 |
71 | Hangzhou | 71 | 76 |
72 | Vienna | 72 | 61 |
73 | Taipei | 73 | 67 |
74 | Lisbon | 74 | 73 |
75 | New Delhi | 75 | 77 |
76 | Bahrain | 76 | 74 |
77 | Kuala Lumpur | 77 | 80 |
78 | Gibraltar | 78 | 85 |
79 | Cayman Islands | 79 | 72 |
80 | Kuwait City | 80 | 82 |
81 | Tallinn | 81 | 87 |
82 | Johannesburg | 82 | 83 |
83 | Cape Town | 83 | 91 |
84 | Riyadh | 84 | 75 |
85 | Sao Paulo | 85 | 106 |
86 | Prague | 86 | 79 |
87 | Barbados | 87 | 98 |
88 | Doha | 88 | 78 |
89 | Monaco | 89 | 84 |
90 | Xi’an | 90 | 94 |
91 | Wuhan | 91 | 100 |
92 | Santiago | 92 | 88 |
93 | Bangkok | 93 | 86 |
94 | Rio de Janeiro | 94 | 104 |
95 | Nairobi | 95 | 90 |
96 | Warsaw | 96 | 92 |
97 | Cyprus | 97 | 93 |
98 | Almaty | 98 | 109 |
99 | Riga | 99 | 89 |
100 | Lagos | 100 | 103 |
101 | Manila | 101 | 102 |
102 | Jakarta | 102 | 95 |
103 | Vilnius | 103 | 97 |
104 | Sofia | 104 | 101 |
105 | Athens | 105 | 96 |
106 | Bermuda | 106 | 108 |
107 | British Virgin Islands | 107 | 99 |
108 | Ho Chi Minh City | 108 | 120 |
109 | Mexico City | 109 | 113 |
110 | Istanbul | 110 | 110 |
111 | Bahamas | 111 | 105 |
112 | Tehran | 112 | 115 |
113 | Budapest | 113 | 107 |
114 | Trinidad & Tobago | 114 | 119 |
115 | Panama | 115 | 111 |
116 | Bratislava | 116 | 112 |
117 | Bogota | 117 | 117 |
118 | Moscow | 118 | 114 |
119 | Baku | 119 | 116 |
120 | St Petersburg | 120 | 118 |
121 | Buenos Aires | 121 | 121 |
6) Top 15 Financial Centres – Asia-Pacific
Cities | Rank |
Global
|
|
1 | Singapore | 1 | 3 |
2 | Hong Kong | 2 | 4 |
3 | Shanghai | 3 | 6 |
4 | Seoul | 4 | 10 |
5 | Shenzhen | 5 | 11 |
6 | Beijing | 6 | 15 |
7 | Sydney | 7 | 18 |
8 | Tokyo | 8 | 19 |
9 | Busan | 9 | 27 |
10 | Melbourne | 10 | 28 |
11 | Guangzhou | 11 | 29 |
12 | Qingdao | 12 | 31 |
13 | Wellington | 13 | 41 |
14 | Chengdu | 14 | 43 |
15 | Osaka | 15 | 47 |
7) Top 15 Financial Centres – Western Europe
Cities | Rank |
Global
|
|
1 | London | 1 | 2 |
2 | Geneva | 2 | 7 |
3 | Frankfurt | 3 | 13 |
4 | Paris | 4 | 14 |
5 | Zurich | 5 | 16 |
6 | Luxembourg | 6 | 17 |
7 | Amsterdam | 7 | 24 |
8 | Dublin | 8 | 25 |
9 | Berlin | 9 | 32 |
10 | Edinburgh | 10 | 33 |
11 | Lugano | 11 | 35 |
12 | Munich | 12 | 36 |
13 | Copenhagen | 13 | 39 |
14 | Jersey | 14 | 40 |
15 | Glasgow | 15 | 42 |
8) Top 10 Financial Centres – North America
Cities | Rank |
Global
|
|
1 | New York | 1 | 1 |
2 | San Francisco | 2 | 5 |
3 | Los Angeles | 3 | 8 |
4 | Chicago | 4 | 9 |
5 | Washington DC | 5 | 12 |
6 | San Diego | 6 | 21 |
7 | Boston | 7 | 22 |
8 | Toronto | 8 | 23 |
9 | Minneapolis / St Paul | 9 | 26 |
10 | Montreal | 10 | 30 |
9) Top 10 Financial Centres – Middle East & Africa
Cities | Rank |
Global
|
|
1 | Dubai | 1 | 20 |
2 | Abu Dhabi | 2 | 37 |
3 | Casablanca | 3 | 56 |
4 | Tel Aviv | 4 | 48 |
5 | Mauritius | 5 | 61 |
6 | Bahrain | 6 | 76 |
7 | Riyadh | 7 | 84 |
8 | Doha | 8 | 88 |
9 | Kigali | 9 | 67 |
10 | Kuwait City | 10 | 80 |
The Global Financial Centres Index 35
The thirty-fifth edition of the Global Financial Centres Index (GFCI 35) was published on 21 March 2024. GFCI 35 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 35 of which 121 are in the main index. The GFCI is compiled using 145 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 35 uses 48,365 assessments from 8,494 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.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit