New York again headed the rankings in the Global Financial Centres Index 29, launched today by Z/Yen Group in partnership with the China Development Institute (CDI) in London and Hong Kong. London fell to only one point ahead of third place Shanghai. Hong Kong moved up a place to fourth, one point behind Shanghai, with Singapore in fifth position. Tokyo dropped three places from fourth to seventh. Frankfurt replaced San Francisco in the top 10 in this edition, gaining seven rank places, perhaps benefiting from the exit of the UK from the European Union. GFCI 29 shows a relativel...
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