Global Financial Centres Index
The Global Financial Centres Index is a ranking of the competitiveness of financial centres based on over 29,000 financial centre assessments from an online questionnaire together with over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD) and the Economist Intelligence Unit. It is compiled and published twice a year by Z/Yen Group and sponsored by the Qatar Financial Centre Authority.
Ranking
The ranking is an aggregate of indices from five key areas: people, business environment, market access, infrastructure and general competitiveness. As of March 2015, the top centres worldwide are:[1]
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- Note: Buenos Aires (ARG), Guernsey (CD), and Wellington (NZL) were deleted for this March 2015 rankings list. Dalian (CHN) was added for the first time.
Financial centre profiles
| Level | Broad & deep Global Leaders |
Relatively broad Global Diversified |
Relatively deep Global Specialists |
Emerging Global Contenders |
|---|---|---|---|---|
| Global | Frankfurt Hong Kong London New York City Seoul Tokyo Toronto Zürich |
Amsterdam Brussels Dublin Paris |
Beijing Dubai Geneva Luxembourg |
Moscow |
| Level | Broad & deep Established Transnational |
Relatively broad Transnational Diversified |
Relatively deep Transnational Specialists |
Emerging Transnational Contenders |
| Transnational | Boston Busan Chicago Montreal Shanghai Sydney Washington, D.C. |
Copenhagen Doha Istanbul Kuala Lumpur Madrid Milan Prague |
Abu Dhabi British Virgin Islands Casablanca Shenzhen |
Bahrain Cayman Islands Edinburgh Gibraltar Jakarta Jersey |
| Level | Broad & deep Established Players |
Relatively broad Local Diversified |
Relatively deep Local Specialists |
Emerging Evolving Centres |
| Local | Johannesburg Melbourne Munich Osaka San Francisco Stockholm Tel Aviv Vancouver Vienna |
Athens Bangkok Budapest Lisbon Mexico City Oslo Rome São Paulo Warsaw |
Calgary Dalian Riyadh Taipei |
Almaty The Bahamas Bermuda Cyprus Glasgow Guernsey Helsinki Isle of Man Malta Manila Mauritius Monaco Mumbai Panama Reykjavik Rio de Janeiro Saint Petersburg Tallinn |
Key areas
The people index summarises the availability of a skilled workforce, the flexibility of the labour market, the quality of the business education and the skillset of the workforce. The business environment aggregates and values the regulation, tax rates, levels of corruption, economic freedom and how difficult in general it is to do business. To measure regulation an online questionnaire has been used. The market access index looks at the various equities and bonds available. The volume and value of trading but also the cluster effect of the number of different financial service companies at the location influence the index. The infrastructure index furthermost accounts to the price of real estate at the location. Other factors such as public transport have a minor impact. General competitiveness relies on more traditional economic factors as price level, quality of life and economic sentiment.
Industry sectors
The index provides sub-rankings in the main areas of financial services - banking, asset management, insurance, professional services, government and regulation and wealth management.
References
- ↑ "The Global Financial Centres Index 17" (PDF). Long Finance. March 2015.
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