New York again took first place in the list of the world’s largest financial centers, according to a review by the financial consulting company Z/Yen Group Ltd., which calculates the Global Financial Centers Index (GFCI).
New York overtook London in the rankings four years ago and has not given up the lead since. Compared to the previous version of the rankings released in March, New York has gained 1 point to lead with 760, while London has added five points to 731.
Singapore closes the top three, moving Hong Kong to fourth place and approaching London by five points. San Francisco is fifth, Shanghai is sixth, Los Angeles is seventh, Beijing is eighth, and Shenzhen is ninth. Closes the top ten Paris.
Sydney soared 10 places at once and took 13th place, Berlin won back 16 positions and is now in 26th place.
The sharpest drop in the index was demonstrated by Jakarta, which rolled back 26 positions at once, to 95th place. Among the leaders, Tokyo disappointed, dropping seven lines to 16th place.
Moscow moved from 51st position to 73rd, St. Petersburg lost 17 places and dropped to 114th line due to the sanctions imposed against Russia. Moscow has given way ahead to such financial centers of Eastern Europe and Central Asia as Prague, Warsaw and Nur-Sultan.
In response to the question of which financial centers will increase their influence in the next two or three years, the respondents mentioned Seoul, Singapore and Gujrat most often.
The World Financial Centers Index was first published in 2007 and is updated every six months (the current issue is the 32nd in a row). The latest rating was compiled on the basis of a survey of more than 11.9 thousand respondents.
