New York once again topped the ranking of the world’s largest financial centers. London came in second place.
New York has maintained its leadership in the ranking of the world’s largest financial centers. This is stated in the analysis of the financial consulting company Z/Yen Group Ltd., which calculates the Global Financial Centers Index.
New York has been number one in the ranking since the fall of 2018. Compared to the previous version of the ranking, which was released in March this year, New York lost one point and received a score of 763 points, while London, which occupies the second position, got three points, its score is 750 points.
The top three was completed by Hong Kong, which surpassed Singapore with 749 points against 747. San Francisco retained fifth place, Chicago moved to sixth place from ninth, and Los Angeles moved to seventh from eighth. Shanghai dropped two positions to eighth place.
Compared to the previous ranking, there were two changes in the top ten: Seoul and Geneva left the top ten, giving way to Shenzhen and Frankfurt.
The World Financial Centers Index was first published in 2007 and is updated every six months.
Let’s remember that in 2023, London for the first time in history will lose its sole leadership as the main financial center of the world.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.