According to the latest edition of the Global Financial Centers Index (GFCI 26), which is co-published by the China Development Institute in Shenzhen and Z/Yen Partners, a London-based market research company, Shanghai was ranked in the top five global financial centers in the world for the third time in a row.
In this issue, 100 financial centers were ranked in the GFCI, with the top 10 in the world being in New York, London, Hong Kong, Singapore, Shanghai, Tokyo, Beijing, Dubai, Shenzhen and Sydney. In the current index, Shanghai city remained ahead of Tokyo, which ranked fifth place in the index. The gap between Shanghai’s score and Singapore’s fourth place ranking is only one point.
Shanghai’s strong position reflects the stability of the city’s financial policies and its continued growth. Committed to becoming an international finance center by 2020, the city has stayed at the forefront of the reform and opening up of China’s financial services.
Source From： Shanghai Observer