New York & Tri-State + Downtown New York + Finance | March 28, 2023

NYC Again Tops Global Ranking of Financial Centers

New York City once again leads the list of global financial centers, according to the 33rd edition of the semiannual Global Financial Centres Index (GFCI) from Z/Yen Partners and China Development Institute.

Maintaining a comfortable lead over second-place London, the city ranks first for all five topline metrics covered by the index: business environment; human capital; infrastructure; financial sector development; and reputational and general. The GFCI is compiled using 153 instrumental factors.

The report accompanying the index noted the relative strength of the U.S. economy compared to other regions of the globe. Two U.S. cities, Chicago and Boston, entered the top 10 along with Seoul, replacing Paris, Shenzhen and Beijing.

Two other U.S. cities, San Francisco and Los Angeles, figured in the top 10 globally of the latest ranking, coming in fifth and sixth, respectively. The top 10 is rounded out by Singapore, Hong Kong and Shanghai.

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Z/Yen Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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