New York retained its leadership in the list of the world’s largest financial centers, according to a review by financial consulting company Z/Yen Group Ltd. that calculates the Global Financial Centers Index (GFCI) indicator.
New York has held the first line in the ranking since the fall of 2018. Compared to the previous version of the rating, released in March this year, New York lost one point and received a score of 763 points, while London, occupying the second position, added three points, its score amounted to 750 points.
Hong Kong rounded out the top three, overtaking Singapore with 749 points against 747. San Francisco retained fifth place, Chicago moved up to sixth place from ninth, Los Angeles moved up to seventh from eighth, while Shanghai dropped two positions to eighth place.
Compared to the previous ranking, there were two changes in the top 10: Seoul and Geneva left the top 10, giving way to Shenzhen and Frankfurt.
At the top of the ranking, Dublin showed good dynamics, moving up to 14th place from 25th, and Lugano added 9 positions to 26th place. Meanwhile, Sydney fell 10 places to 28th place.
The most significant rise in the whole list was demonstrated by Bermuda (plus 27 places at once), as well as Doha and Riyadh (24 and 21 places respectively). Meanwhile, Rome fell back 22 places, Stockholm – 16 places.
The index of world financial centers was first published in 2007 and is updated every six months (the current issue is the 35th). The latest ranking was based on a survey of almost 8.5 thousand respondents.
