Leading financial centers globally as of September 2017

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Points on the Global Financial Centres Index
London 780
New York 756
Hong Kong 744
Singapore 742
Tokyo 725
Shanghai 711
Toronto 710
Sydney 707
Zurich 704
Beijing703
Frankfurt 701
Montreal 697
Melbourne696
Luxembourg 695
Geneva694
San Francisco 693
Vancouver 692
Dubai691
Boston 690
Shenzhen689

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Description Source More information
This statistic presents the most attractive financial centers worldwide as of September 2017. The private institute Z/Yen has constructed an index for financial center rating, in which a multitude of factors are integrated. London proved to be the most attractive financial center in 2017, with 780 points assigned in the Z/Yen report.
Financial centers – additional information

A financial center is a region or city with strategic location to the financial industry. It is a place where various participants of the financial sector, such as banks, trading companies, stock exchanges and other institutions, are concentrated in one area. Financial hubs can be characterized by solid infrastructure, stable regulatory and political environments, attractive taxation rules and the availability of various opportunities to help the trade and business grow.

According to a survey carried out among financial services professionals in 2016 the most important factors determining the competitiveness of a financial center were business environment, human capital, taxation, reputation, infrastructure and financial sector development.

According to the Global Financial Centers Index constructed by Z/Yen institute, the following locations have been distinguished as most attractive financial hubs in North America: New York, Toronto, Montreal, San Francisco and Vancouver. In Latin America, Bermuda, Cayman Islands and the British Virgin Islands were given the highest scores. As far as offshore financial centers are concerned, the British Virgin Islands, Gibraltar, the Cayman Islands and Hamilton were ranked highest. An offshore financial center is usually a small country or island with less strict regulatory requirements and a low-tax environment. When financial sector professionals were asked which financial centers were likely to become more significant in the next years as 2016, they indicated the following locations: Shanghai, Qingdao, Singapore, Dublin and Shenzhen.
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Release date
September 2017
Region
Worldwide
Survey time period
2017
Number of respondents
2,058 respondents
Special properties
among financial services professionals.
Method of interview
Online survey

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