Again, Shanghai ranked top five global financial centers: GFCI
March 15, 2019
Shanghai was once again ranked as one of the top five financial centers in the world after it overtook Tokyo to move into fifth place of Global Financial Centers last September, a recent report said.
The city remained ahead of Tokyo in fifth place in the index although Tokyo gained 10 points in the ratings, according to the latest edition of the Global Financial Centers Index (GFCI 25), which was co-published by the China Development Institute (CDI) in Shenzhen and Z/Yen Partners, a London-based market research company.
Not for the first time, New York took first place in the index, seven points head of London. Hong Kong was only four points behind London in third and Singapore remained in fourth place.