Global Financial Centres Index

The thirty-first edition of the Global Financial Centres Index (GFCI 31) was published on 22 September 2022. GFCI 32 provides evaluations of future competitiveness and rankings for 119 financial centres around the world. Rankings are based on surveys and 150 factors, with quantitative measures from the World Bank, The Economist Intelligence Unit, the OECD and United Nations.[7][2] The 2022 report ranks New York at the top position followed by London and Singapore.[8] Only the top 20 are shown in the following table:

Rank Centre Rating 1 New York City 760 2 London 731 3 Singapore 726 4 Hong Kong 725 5 San Francisco 724 6 Shanghai 723 7 Los Angeles 722 8 Beijing 721 9 Shenzhen 720 10 Paris 719 11 Seoul 718 12 Chicago 717 13 Sydney 716 14 Boston 715 15 Washington, D.C. 714 16 Tokyo 713 17 Dubai 712 18 Frankfurt 711 19 Amsterdam 710 20 Geneva 709

This report ranked 116 international financial centers into the following matrix, as of 24 September 2021:

Level	Broad and deep Global leaders	Relatively broad Global diversified	Relatively deep Global specialists	Emerging Global contenders
Global	Amsterdam Brussels Chicago Frankfurt Geneva Hong Kong London Los Angeles New York City Paris Shanghai  Singapore Tokyo Toronto Washington, D.C. Zürich	Dublin San Francisco Seoul	Abu Dhabi Beijing Chengdu Dubai Guangzhou Hangzhou Luxembourg Moscow Qingdao Shenzhen Tianjin	GIFT City
Level	Broad and deep Established international	Relatively broad International diversified	Relatively deep International specialists	Emerging International contenders
International	Athens Bangkok Berlin Boston Budapest Busan Edinburgh Hamburg Kuala Lumpur Madrid Melbourne Milan Montreal Munich Oslo Rome Stuttgart Sydney Vancouver Warsaw	Istanbul Mexico City Tel Aviv	Baku Bogotá Buenos Aires Cape Town  Cyprus Dalian Kigali Lagos Mumbai Nairobi Nanjing New Delhi  Panama Riga Riyadh Taipei Vilnius Xi'an Wuhan	Almaty  Bahrain  Bermuda  British Virgin Islands Casablanca  Cayman Islands Doha  Guernsey  Isle of Man Johannesburg  Liechtenstein  Mauritius Astana São Paulo
Level	Broad and deep Established players	Relatively broad Local diversified	Relatively deep Local specialists	Emerging Evolving centres
Local	Calgary Copenhagen Glasgow Osaka Prague San Diego Santiago Stockholm Wellington	Helsinki Lisbon Vienna	Bahamas  Barbados Bratislava  Gibraltar Kuwait City Manila  Monaco Reykjavik Saint Petersburg Sofia Tallinn Tehran  Trinidad and Tobago	Jakarta  Jersey  Malta Rio de Janeiro

This is run for five separate areas of competitiveness to assess how financial centres perform in each of the areas GFCI 25 (2021 March).[9]

Level	Business environment	Human capital	Infrastructure	Financial sector development	Reputational and general
1	New York City	New York City	New York City	London	New York City
2	Singapore	London	London	New York City	London
3	London	Singapore	Shanghai	Singapore	Singapore
4	Hong Kong	Hong Kong	Hong Kong	Shenzhen	Hong Kong
5	Beijing	Shanghai	Singapore	Hong Kong	Zürich
6	Shanghai	Tokyo	Tokyo	Shanghai	Shanghai
7	San Francisco	Beijing	Beijing	Zürich	Beijing
8	Tokyo	Paris	Amsterdam	Frankfurt	Tokyo
9	Chicago	Brussels	Zürich	Seoul	Edinburgh
10	Frankfurt	Luxembourg	Boston	Los Angeles	Glasgow
11	Edinburgh	Los Angeles	Frankfurt	Luxembourg	Zürich
12	Luxembourg	San Francisco	Edinburgh	San Francisco	Dublin
13	Amsterdam	Chicago	Geneva	Beijing	Seoul
14	Zürich	Shenzhen	Guangzhou	Geneva	Hamburg
15	Washington, D.C.	Frankfurt	Seoul	Edinburgh	Paris

This creates separate sub-indices: banking, investment management, insurance, professional services, and government and regulatory sectors for GFCI 25 (2019 March) .[1]

Level	Banking	Investment management	Insurance	Professional services	Government and regulatory sectors	Finance	FinTech	Trading
1	New York City	New York City	Shanghai	New York City	New York City	New York City	New York City	New York City
2	Shanghai	London	Singapore	London	London	Shanghai	Singapore	London
3	Hong Kong	Hong Kong	Beijing	Singapore	Zürich	Beijing	Shanghai	Singapore
4	London	Singapore	New York City	Hong Kong	Singapore	London	Hong Kong	Hong Kong
5	Beijing	Shanghai	Hong Kong	Shenzhen	Geneva	Luxembourg	London	Shanghai
6	Shenzhen	Beijing	London	Shanghai	Hong Kong	Hong Kong	Seoul	Beijing
7	Tokyo	Shenzhen	Luxembourg	Vancouver	Shanghai	Shenzhen	Beijing	Shenzhen
8	Singapore	Frankfurt	Shenzhen	Tokyo	Shenzhen	Tokyo	Tokyo	Zürich
9	Zürich	Luxembourg	Stockholm	Beijing	Tokyo	Edinburgh	Shenzhen	Frankfurt
10	Melbourne	Sydney	Frankfurt	Luxembourg	Seoul	GIFT City	San Francisco	Luxembourg
11	Paris	Zürich	Zürich	San Francisco	Luxembourg	Singapore	Amsterdam	Tokyo
12	Washington, D.C.	San Francisco	Seoul	Seoul	Tehran	Frankfurt	Los Angeles	Geneva
13	Sydney	Boston	Tokyo	Zürich	Dubai	Milan	Boston	Chicago
14	Guangzhou	Tokyo	Paris	Frankfurt	Beijing	Paris	Chicago	Los Angeles
15	Vienna	Dubai	Boston	Geneva	Wellington	Brussels	Luxembourg	San Francisco

The human capital factors summarize the availability of a skilled workforce, the flexibility of the labour market, the quality of the business education and the skill-set of the workforce, and quality of life.

The business environment factors aggregate and value the regulation, tax rates, levels of corruption, economic freedom and how difficult in general it is to do business. To measure regulation an online questionnaire has been used.

The financial sector development factors assess the volume and value of trading in capital markets and other financial markets, the cluster effect of the number of different financial service companies at the location, and employment and economic output indicators.

The infrastructure factors account for the price and availability of office space at the location, as well as public transport.

Reputation and general considers more subjective aspects such as innovation, brand appeal, cultural diversity and competitive positioning.

The index provides sub-rankings in the main areas of financial services – banking, investment management, insurance, professional services, government and regulation.

• "Launch Of The Global Financial Centres Index 32" on YouTube