GFCI: Six of the Top 10 Financial Hubs Are in Asia
More than half of the world’s 10 leading financial centers are based in Asia, according to an index produced by think tanks China Development Institute and Z/Yen Partners.
Hong Kong and Singapore maintained their ranks as the third and fourth leading financial centers worldwide, respectively, according to an index produced by think tanks China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London.
In fact, six out of the top 10 hubs were all based in Asia, including Shanghai (sixth), Seoul (eighth), Shenzhen (ninth) and Tokyo (10th). New York remains the leader, followed by London.
The 39th edition of the Global Financial Centers Index (GFCI) ranked 120 hubs around the world based on 147 factors using quantitative measures provided by third parties like the World Bank, the OECD, and the United Nations, alongside 34,468 assessments from 5,218 respondents.
