Shenzhen’s Financial Center ranks world top five

Published on September 24, 2009 by connie | This story has been viewed 1,563 views

The sixth Global Financial Centre Index (GFCI) announced by Financial City of London yesterday shows that London ranks the first in the global financial center cities, New York the second and Hong Kong and Singapore the third and fourth respectively. The first listing of Shenzhen Financial Center has showed its strong competitiveness. It ranks No. 5, ahead Shanghai (No.10) and Beijing (No.22), becoming the first financial center in the inland cities.
GFCI, calculated and made by British consulting corporation Z/Yen who was entrusted by London Financial City, which is announced two times a year, makes a list for the competitiveness of each financial center in the world. Based on the survey results carried out on the professionals of the global financial service industry, this Index is calculated and analyzed integrating each published indexes relating to competitiveness. Since the announcement of the first Global Financial Index in March of 2007, it has received common concerns of the financial industry and now has become the authoritative listing for the competitiveness of each financial center in the world.

The characteristic of the latest Index is the widespread decline of the competitiveness and ranks of European financial centers and the emergence of Asian financial centers under the impact of the global financial crisis.

London Financial City highly praised Shenzhen Financial Center in the report for its obtaining of the remarkable performance and rank in the Index and pointed out that there were two reasons for Shenzhen to come into the top five, of which one is due to the enhancement of the competitiveness of Shenzhen Financial Center and the other is that Shenzhen has been considered the “natural partner” of Hong Kong and has received great support in Asian areas in the questionnaire survey.

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