Which city has topped the 2017 Global Financial Centres Index (GFCI)?
London has retained its position as the world’s top financial centre in the 2017 Global Financial Centres Index (GFCI). The index is compiled and published by Z/Yen Group, which ranked 92 financial centres globally on factors such as infrastructure and access to high-quality staff. New York has acquired 2nd position followed by Hongkong, Singapore, Tokyo, Shanghai, etc. Meanwhile, Mumbai is the only India that has been listed in the index and acquired 60th rank. The GFCI is a ranking of the competitiveness of financial centres based on over 29,000 financial centre assessments from an online questionnaire together with over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD) and the Economist Intelligence Unit (EIU).