Z/Yen has been studying the competitiveness of financial centres for over fifteen years and has worked directly with over thirty financial centres. The most visible aspects of our work in this area is the Global Financial Centres Index (GFCI) and we have recently launched The Global Green Finance Index (GGFI). In March 2007 Z/Yen released the first edition of the GFCI, which continues to provide evaluations of competitiveness and rankings for the major financial centres around the world. The GFCI is updated every March and September and receives considerable attention from the global financial community. The index serves as a valuable reference for policy and investment decisions. GFCI 24 was published in September 2018. We researched 110 centres for GFCI 24. The number of financial centres in the main index is now 100 and there are ten associate centres awaiting potential inclusion in the main index. GFCI 24 was compiled using 137 instrumental factors. These quantitative measures are provided by third parties including the World Bank, The Economist Intelligence Unit, the OECD, and the United Nations. The instrumental factors were combined with over 30,000 financial centre assessments provided by respondents to the GFCI online questionnaire.
As well as producing the index itself, the questionnaire gives us valuable insights into what financial services professionals are thinking about the future. One of the questions we ask is:
“Are there any financial centres that you feel might become significantly more important over the next two to three years?”
This report looks into the likely future prospects of the fifteen financial centres mentioned most often in response to this question. These centres are:
Friday, 18 January 2019
Gujarat International Finance Tec-City