Tag Archives: GFCI

Rankings of the Global Financial Centers(September Release)

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In the past one year,the whole world was shaking because of the financial recession.It can’t be denied that the recession hurts the developed countries(e.g. United States,United Kingdom) much more than the developing countries(e.g. China).Again,it may change the structure of the world.When the leaders of the developed countries were scratching heads to try their best getting a solution in order to put the economic back to the track,on the other hands,the leaders from another side had found something that could stabilize and even keep boosting the economic into a positive trend.If you had read the Global Financial Centers Index(GFCI) released in March,2009,I believe you won’t be surprised by the big changes on the rankings of the latest September GFCI as what I said just now.

GFCI(sep.09)According to the comparison of March Report and September Report,you could see that the huge progress on those Asian cities(Shanghai,Beijing,Taipei etc.) which were doing some innovations on their old-style economic system;on the contrast,some European/U.S. cities(Boston,Dublin,Glasgow etc.) were leaving the top list and going down to the second group with a bad setback.

I think that shows the direction of develpments of the cuurent world and tells us that no one can be the big boss forever.

Rankings of the Global Financial Centers

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On behalf of City of London,Z/Yen Group works on the Global Financial Centers Index(GFCI) for 3 years.The index publishes every six months,is dynamic, tracking the changing perceptions of cities as financial centres on an ongoing basis.Meanwhile,if refers to a lot of existing rankings and does some surveys on senior industry figures.Thus,the index is quite objective and complete.Here’s the report for March 2009.

GFCI(Mar09) In the rankings,you can see that only two Asian cities-Hong Kong and Singapore are there and the developed countries are still controlling the world’s economy.However,I know that in September’s report,the rankings have been changed a lot.I believe that indicates the trend of developments in the world.Let’s check it out later.