全球金融中心指数34

September 2023 Financial Centre Futures In March 2007, Z/Yen and the City Of London released the first edition of the GFCI, which continues toprovide evaluations of competitiveness and rankings for the major financial centres around the world.We are pleased to present the thirty-fourth edition of the Global Financial Centres Index (GFCI 34). In July 2016, Z/Yen and the China Development Institute (CDI) in Shenzhen established a strategicpartnership for research into financial centres. We continue our collaboration in producing the GFCI.The GFCI is updated every March and September and receives considerable attention from the globalfinancial community. The index serves as a valuable reference for policy and investment decisions. Z/Yen is the City of London's leading commercial think-tank, founded in 1994 to promote societaladvance through better finance and technology. Z/Yen has built its practice around a core of high-powered project managers, supported by experienced technical specialists so that clients get expertisethey need, rather than just resources available. The CDI is a leading national think-tank that develops solutions to public policy challenges throughbroad-scope and in-depth research to help advance China’s reform and opening-up to world markets.The CDI has been working on the promotion and development of China’s financial system since itsestablishment in 1989. Based on rigorous research and objective analysis, CDI is committed toproviding innovative and pragmatic reports for governments at different levels in China andcorporations at home and abroad. The authors of this report, Mike Wardle andProfessor Michael Mainelli, would like to thankBikash Kharel, Sasha Davis, Molly Homer, Carol Feng,Peng Yu, and the rest of the GFCI team for theircontributions with research, modelling, and ideas. Foreword Global financial centres play a pivotal role in bringing together global capital, facilitating culturalexchanges, and acting as essential hubs for countries to enhance international cooperation and fosternew avenues of growth. Presently, the development of global financial centres bears substantial real-world significance within the broader context of humanity’s collaborative response to globalchallenges, the pursuit of a world marked by shared prosperity, and the shaping of a brighter future. The Global Financial Centres Index (GFCI), refreshed every six months, has emerged as a“barometer”of the development of global financial centres, receiving wide attention from diverse segments ofsociety. Recent editions of the GFCI reveal that, while grappling with challenges such as theconsequences of the COVID-19 pandemic and the geopolitical conflict between Russia and Ukraine, thepath to global economic recovery remains uncertain and fraught with complexities. Nonetheless, theoverall ratings of global financial centres have been on an upward trajectory, with the rankings ofleading financial centres stabilizing, and growing optimism regarding their future development. In recent years, China’s financial centres have embarked on a continuous journey of deepeningfinancial reforms, promoting high-level financial opening, and supporting the growth of the realeconomy. They have enthusiastically welcomed investment and talent from around the world. Amongthe world’s three major economies, the second quarter of 2023 witnessed a year-on-year GDP growthrate of 2.1% for the United States, 6.3% for China, and 0.6% for Eurozone countries. This points tosubstantial development potential of China’s financial centres. The Guangdong-Hong Kong-Macao Greater Bay Area, situated along China’s southern coastline, hasbeen a pioneering force in China’s journey of reform and opening up. It stands as a hub of modernservice industries and advanced manufacturing. In the foreseeable future, significant financial demandsare anticipated in domains such as regional development, technological innovation, industrialupgrading, and wealth management. The Greater Bay Area is home to three major global financialcentres—Hong Kong, Shenzhen, and Guangzhou—offering a diverse cultural environment, abundantmarket prospects, and exceptional historical opportunities for global financial institutions andinvestors. Dr Liu GuohongVice PresidentChina Development Institute GFCI 34 Summary & Headlines Overview We researched 132 financial centres for this edition of the Global Financial Centres Index (GFCI 34).The number of centres in the main index has increased to 121, with the inclusion of Miami. There are11 associate centres awaiting potential inclusion in the main index. The average rating of centres in the index rose 3.63% compared with GFCI 33, with all but twocentres improving in the ratings. This suggests growing confidence in financial centres and the worldeconomy, notwithstanding the challenges caused by continued supply chain difficulties and theinstability caused by the continuing war in Ukraine. US centres performed well, with fiv