New York is Recognized As the Largest Financial Center in the World
OREANDA-NEWS. New York (USA) is ranked first in the ranking of the largest financial centers in the world. London (UK) came in second, 21 points behind New York. In third place was Shanghai (China), which was only one point behind London. This is evidenced by the Global Financial Centers Index (GFCI).
Then Hong Kong comes in 4th place, followed by Singapore, Beijing, Tokyo and Shenzhen (China). At the same time, Tokyo lost three positions at once, while other cities, on the contrary, rose in the ranking.
The top ten of the world's largest financial centers are closed by Frankfurt (Germany) and Zurich (Switzerland). At the same time, Frankfurt ousted San Francisco (USA) from the dozen.
Moscow climbed five positions in the world rankings and took 57th place (between Helsinki and the British Virgin Islands). St. Petersburg moved up 16 positions and took 88th place.
Nur-Sultan, the capital of Kazakhstan, dropped four positions to 78th place, Almaty (Kazakhstan) - two positions to 101st, Baku - nine positions to 107th.
The index of world financial centers was first published in 2007, the list is updated every six months, the last - the 29th - the rating was compiled on the basis of a survey of 10.8 thousand heads and owners of large companies. The ranking includes 114 cities.