China News Agency, Berlin, March 17 (Reporter Peng Dawei) The latest global financial center index released by the international consulting company Z/Yen Group on the 17th shows that for the first time, Frankfurt, Germany surpassed Luxembourg, Paris, Zurich and other major financial centers on the European continent, and ranked among the world. The ninth among the top ten financial centers.

Experts pointed out that Frankfurt has benefited a lot from Britain’s “Brexit” and attracted a large number of banking institutions to settle down.

　　Z/Yen Group, based in London, UK, has released the Global Financial Center Index (GFCI) since 2007, and continues to evaluate and rank the competitiveness of the world's major financial centers.

Frankfurt is located in the central state of Hessen in Germany and is a financial center within Germany and the European Union.

The city is home to the European Central Bank, the German Central Bank, hundreds of German national and international banks, and the Frankfurt Stock Exchange.

　　The 29th Global Financial Center Index (GFCI29) released on the same day researched and ranked 126 financial centers around the world.

Among them, Frankfurt's ranking rose by 7 places compared to September 2020, replacing San Francisco to rank ninth.

Talking about the reasons for the rapid rise in Frankfurt's ranking, the index compiler believes that this may be attributable to the benefits it has benefited from Brexit.

　　According to statistics from German regulators, it has issued licenses to about 60 banks, financial service providers and insurance companies that are interested in or are in the process of establishing a new Eurozone headquarters in Frankfurt.

Official Frankfurt statistics show that since the UK’s “Brexit” referendum, 3,600 jobs have been transferred to the local area, and this trend continues.

In addition, according to data from the Bundesbank, 675 billion euros of assets have been transferred to Frankfurt due to the impact of Britain’s “Brexit”.

Frankfurt Main Finance predicts that by the end of 2022, this figure will reach 1,000 billion euros.

　　Gerhard Wiesheu, chairman of the Frankfurt Financial Cooperation Association, told a reporter from China News Agency that this is undoubtedly the result of the joint efforts of people from all walks of life in the Frankfurt financial sector for many years. "But at the same time, we must also be soberly aware that, This ranking index can be used as a reference, but it is not necessarily completely accurate. At the same time, there will be a lot of uncertainty in the market after Brexit in the UK, and the situation will continue to change-so we absolutely cannot settle for the status quo.

　　The index referenced by the index includes infrastructure, laws and regulations, talented labor and urban life quality.

New York continues to maintain its position as the world's largest financial center.

London is still in second place, but the overall score has declined, currently only one point ahead of third place Shanghai.

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