New York took over from London the title of financial capital of the world


Moscow. September 12. INTERFAX.RU new York again took the first place in the list of largest financial centers in the world, ahead of London just two points, according to a review of the financial consulting company Z/Yen Group Ltd., which every six months the indicator calculates the Global Financial Centres Index (GFCI).

Now new York’s 788 points, the London – 786. The Hong Kong in third place, continues to close the gap on the two leaders (783 points).

Saint Petersburg jumped from 11 lines upwards (+44 points), moving from 91st to 80th position between Chengdu (China) and Copenhagen. Moscow added 16 points, but left on 83rd place out of 100. The Russian capital now takes place between new Delhi and Reykjavik.

Fourth place was reserved Singapore, Shanghai, Tokyo pushed on the fifth line. The top ten also included Sydney, Beijing, Zurich and Frankfurt, jumped immediately by 10 positions up. Meanwhile, Toronto, Boston, and San Francisco dropped out of the top 10, once on the 11th, 13th and 14th places respectively.

Rookie ranking has become a Cape town – from 38th place, between Dublin and Munich. The list also joined Gujarat Indian (77) Chinese Hangzhou (86-e) and the Bulgarian capital Sofia (97th).

In General, the experts Z/Yen talking about mixed results in this edition of the ranking: if six months ago, all leading financial centres had improved assessment, and the cities on the last line figures are steadily decreasing, and now the boundaries are increasingly blurred.

Many financial centres in Eastern Europe and Central Asia showed a positive trend. In addition to St. Petersburg, in the region highlighted in Astana, Budapest and Tallinn.

The North American city, except Los Angeles and Washington have worsened the indicators.

The index of global financial centers was first published in 2007 and updated every six months (the current release was the 24th in a row) based on a survey of more than 2.4 million professionals. It takes into account five groups of indicators (a total of 137 individual factors): business environment, Finance, infrastructure, human capital and reputation. In total Z/Yen has reviewed 110 cities, but 10 of them are not included in the main ranking.

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