Singapore has pulled ahead of Hong Kong in Z/Yen Group’s international financial center rankings for the first time. The two cities are listed third and fourth in the company’s biannual Global Financial Centers Index (GFCI).
London is ranked as the largest financial center in the world, followed by New York. Dubai is the largest business hub in the Middle East and is ranked 13th globally. Casablanca is the largest financial center in Africa and 33rd in the world. Sao Paulo (ranked 43rd globally) and Rio de Janeiro (44th) are South America’s financial hubs. Riga (71st) and Qingdao (79th) were included on the list for the first time.
The GFCI rankings were first published in 2007 and are released every sixth months. 3,000 experts are involved in creating the rankings. They are based on data on: business conditions, financial conditions, infrastructure, human resources, and reputation.
Source: ifeng.com
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Keywords: Hong Kong Z/Yen Group Singapore
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small wonder so many HongKongers espcially the younger generations are crying for independence
Apr 14, 2016 16:22 Report Abuse
According to a Chinese guy I know, this is because China doesn't want one excellent financial city but several good financial cities, so they are deliberately bringing down HK from an excellent to a good level to help other cities LOL. I think the flaw in his logic is that China doesn't have any good city either, SH and SZ are jokes in that regard. That guy always get the best explanations to all the nonsense going on in China these days.
Apr 14, 2016 14:04 Report Abuse
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