Global Financial Centres Index

The Global Financial Centres Index (GFCI) ranks the competitiveness of financial centres based on over 29,000 assessments from an online questionnaire and over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Economist Intelligence Unit. It was first published in March 2007. It has been jointly published twice per year by the London-based think tank Z/Yen and the China Development Institute since 2015. It is widely quoted as a top source for ranking financial centres.

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Global Financial Centres Index

GFCI 40 (September 2026)

Global Financial Centres Index

The edition rated 117 financial centres using 39,531 assessments from 6,147 financial-services professionals. New York remained first, while Zurich entered the top 10 in place of San Francisco.

<table><thead><tr><th>Centre</th><th>Rating</th><th>Change in rank</th></tr></thead><tbody><tr><td>New York City</td><td>761</td><td></td></tr><tr><td>London</td><td>757</td><td></td></tr><tr><td>Hong Kong</td><td>756</td><td></td></tr><tr><td>Singapore</td><td>755</td><td></td></tr><tr><td>Shanghai</td><td>754</td><td>1</td></tr><tr><td>Tokyo</td><td>753</td><td>4</td></tr><tr><td>Seoul</td><td>752</td><td>1</td></tr><tr><td>Shenzhen</td><td>751</td><td>1</td></tr><tr><td>Dubai</td><td>750</td><td>2</td></tr><tr><td>Zurich</td><td>749</td><td>1</td></tr><tr><td>San Francisco</td><td>748</td><td>6</td></tr><tr><td>Geneva</td><td>747</td><td>6</td></tr><tr><td>Abu Dhabi</td><td>746</td><td>8</td></tr><tr><td>Los Angeles</td><td>745</td><td>2</td></tr><tr><td>Chicago</td><td>744</td><td>1</td></tr><tr><td>Beijing</td><td>743</td><td>6</td></tr><tr><td>Luxembourg</td><td>742</td><td>1</td></tr><tr><td>Boston</td><td>741</td><td>5</td></tr><tr><td>Washington, D.C.</td><td>740</td><td>2</td></tr><tr><td>Osaka</td><td>739</td><td>6</td></tr></tbody></table>

Financial centre profiles (GFCI 40, September 2026)

Global Financial Centres Index

The report ranks international financial centres into the following matrix:

<table><thead><tr><th>Level</th><th>Broad and deep Global leaders</th><th>Relatively broad Global diversified</th><th>Relatively deep Global specialists</th><th>Emerging Global contenders</th></tr></thead><tbody><tr><td>Global</td><td>London Dubai New York Singapore Seoul Paris Los Angeles Tokyo Abu Dhabi Zurich Frankfurt</td><td>Amsterdam Kuala Lumpur Brussels</td><td>Shanghai Riyadh Casablanca Beijing Hong Kong Luxembourg</td><td>Astana Kigali</td></tr><tr><th>Level</th><th>Broad and deep Established international</th><th>Relatively broad International diversified</th><th>Relatively deep International specialists</th><th>Emerging International contenders</th></tr><tr><td>International</td><td>Boston Chicago Busan Edinburgh Rome Geneva Montreal Toronto Stockholm Munich San Francisco Sydney Osaka Washington D.C. Melbourne Miami Vancouver</td><td>Bangkok Vienna Madrid Milan Berlin Athens Copenhagen</td><td>Mumbai GIFT City Bermuda Qingdao Shenzhen Tel Aviv Jersey</td><td>Moscow Mexico City Panama Bahamas Nairobi Bahrain Jakarta Doha Lagos New Delhi Johannesburg Cape Town Guangzhou São Paulo Kigali British Virgin Islands Cayman Islands Taipei Liechtenstein</td></tr><tr><th>Level</th><th>Broad and deep Established players</th><th>Relatively broad Local diversified</th><th>Relatively deep Local specialists</th><th>Emerging Evolving centres</th></tr><tr><td>Local</td><td>Oslo San Diego Glasgow Calgary Minneapolis/St Paul Wellington</td><td>Santiago Lisbon Warsaw Prague Atlanta Helsinki</td><td>Rio de Janeiro Tallinn Malta Ho Chi Minh City Chengdu Lugano Xi'an Hangzhou Wuhan Tianjin Reykjavík Monaco Nanjing Gibraltar Dalian</td><td>Baku Manila Buenos Aires Sofia Riga Cyprus Saint Petersburg Budapest Tehran Bogotá Guernsey Bratislava Vilnius Almaty Trinidad and Tobago Barbados Isle of Man Kuwait City</td></tr></tbody></table>