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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.
Hong Kong rises to 4th place among world s financial centers newzealandstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzealandstar.com Daily Mail and Mail on Sunday newspapers.
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17 Mar, 2021 Author Rebecca Isjwara
Asian cities continue to dominate a list of most competitive financial centers in the world and the confidence in the global financial systems is stabilizing as vaccines raise hopes that the COVID-19 pandemic will likely abate this year, a survey found.
Six of the top 10 cities in the biannual Global Financial Centres Index compiled by the Z/Yen Group in cooperation with the China Development Institute are Asian hubs.
New York, London and Shanghai maintained their top three ranks in the 29th iteration of the index. They were followed by Hong Kong, Singapore, Beijing, Tokyo, and Shenzhen among other Asian cities. Hong Kong, Singapore and Beijing each climbed one rank to supersede Tokyo in the order, which slipped to the seventh position from fourth, according to the survey that features 114 major global financial centers.