The latest ranking of global financial centers: Shanghai remains third, only 1 point behind London, which is second.

  Author: Huang Qiong

  Compared with the previous issue, the ranking order of the world's top ten financial centers has undergone a partial change in this issue.

Among them, New York ranks first in the world, and London, which ranks second, has a drop in score, only one point behind Shanghai, which ranks third.

  The latest "Global Financial Center Index" was released today. This year, Shanghai continued to maintain its third place in the world, and was further closer to the second-placed London score, only one point away.

  On March 17, London Z/Yen Group and China (Shenzhen) Comprehensive Development Research Institute jointly released the "29th Global Financial Center Index (GFCI 29)" report.

The latest report shows that the top ten financial centers in the world are ranked as follows: New York, London, Shanghai, Hong Kong, Singapore, Beijing, Tokyo, Shenzhen, Frankfurt and Zurich.

  Compared with the previous ranking of global financial centers, the ranking of the top ten global financial centers in this issue has undergone a partial change.

Among them, New York ranks first in the world, and London, which ranks second, has a drop in score, only one point behind Shanghai, which ranks third.

Hong Kong rose one place to fourth, one point behind Shanghai, and Singapore ranked fifth.

Tokyo dropped from fourth to seventh.

Frankfurt has been upgraded to seven consecutive levels, once again entering the top ten in the world.

Among the top 30 financial centers, Vancouver, Seoul, Sydney, Milan and Stuttgart all rose more than five places.

  Yu Lingqu, deputy director of the Institute of Finance and Modern Industry of China (Shenzhen) Comprehensive Development Research Institute, said that Shanghai, as the largest financial center in the Mainland, has become a "leader" from a "catch-up" in an international financial center.

From the very beginning, it was far from Hong Kong and Singapore in strength, to becoming the most competitive financial center in Asia, and beginning to align with New York and London.

  Emerging and small financial centers or lack of resilience

  Since March 2007, the Z/Yen Group in London, UK, has released the first phase of the Global Financial Center Index (GFCI 1).

The index continues to evaluate and rank the competitiveness of the world's major financial centers, and the list is updated every March and September every year thereafter.

  This issue of the Global Financial Center Index (GFCI 29) conducted research on 126 financial centers.

With the addition of Berlin, Trinidad and Tobago, and Bogota, the number of global financial centers rose from 111 to 114.

In addition, there are 12 alternate financial centers.

  The report pointed out that the ranking of financial centers in the first half was relatively stable, with only a few rankings changing 10 places or more; the financial centers in the second half were volatile, which may reflect the lack of resilience of emerging and small financial centers.

  At the same time, the average score of each financial center in this report is only 3.5 points (-0.55%) lower than GFCI 28, and GFCI 28 is 41 points lower than GFCI 27. This may indicate that the first stage of the new crown epidemic has passed. Later, the financial industry regained confidence.

  Fintech has become an important "plus point"

  According to the report, 12 financial center cities in Mainland China have been on the list. Among them, Shanghai, Beijing, and Shenzhen have entered the top ten in the world, and Beijing and Shenzhen have both risen by one place; Guangzhou is ranked 22nd; Chengdu and Qingdao have risen rapidly, respectively. Ranked 35th and 42nd in the world; Hangzhou, Tianjin, Dalian, Xi'an, Nanjing and Wuhan rank relatively low and have a lot of room for growth.

  At the same time, it is worth noting that new evaluation indicators such as financial technology and green finance have been added to the GFCI evaluation system. The financial technology rankings of the mainland financial centers are higher than the comprehensive rankings. Shanghai, Beijing, and Shenzhen are even ranked second in the world. Third and fourth.

Yu Lingqu said that fintech has become an important "additional item" for mainland financial centers, and there is a great chance that mainland financial centers will catch up in the future.

  Regarding the reasons for the high ranking of financial technology in the mainland financial center, Yu Lingqu said that on the one hand, it is because of the development of financial technology such as WeChat and Alipay in China that through the payment link, it provides a lot of financial services to the Internet and also promotes e-commerce. Development in the consumer field.

On the other hand, it is also due to the emphasis on the development of financial technology.