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LONDON (Reuters) – New York remains the world’s most popular financial center, according to the latest Global Financial Center Index (GFCI) rankings, with London remaining second and Singapore overtaking Hong Kong for third. rice field.

Paris replaced Tokyo to return to the top 10, but Moscow fell 22 places to 73rd as Western countries cut ties with the capital after Russia invaded Ukraine in February, according to the GFCI. became.

Compiled by City of London think tank Z/Yen and the China Development Institute, the GFCI assessed 119 centers using 66,121 assessments and quantitative data from 11,038 financial professionals. did.

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GFCI Key Rankings September 2022

New York has overtaken London to hold the top spot among the world’s financial centers ranked by the GFCI for four years.

Michael Mainelli, chairman of Z/Yen, said: “London’s second position looks solid, but significant global changes are needed to challenge the top spot again.

Britain’s new prime minister, Liz Truss, wants the UK financial sector to be ‘unshackled’ from rules dating back to the UK’s membership of the European Union, to boost London’s appeal as a global financial center. I’m in

A new bill introduced in the UK Parliament in July would make a number of adjustments to financial rules, but Mr Truss wants to go further, saying that the government would like to increase bankers’ bonuses inherited from the EU. This suggests that the upper limit on

New York, San Francisco and Los Angeles topped the GFCI’s individual fintech sector ratings, with London fourth and Shanghai fifth.

GFCI Fintech Rankings September 2022

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Reported by Hugh Jones. Edited by Jan Harvey

Our standards: Thomson Reuters Trust Principles.

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