Global Financial Centres Ranking--published by City of London Corporation

[rcrmj]

The ranking is an aggregate of indices from five key areas: people, business environment, market access, infrastructure and general competitiveness. The current top 20 places are:[1]

1 London, United Kingdom
2 New York City, United States
3 Hong Kong
4 Singapore
5 Tokyo, Japan
6 Shanghai, People's Republic of China
7 Chicago, United States
8 Zurich, Switzerland
9 Geneva, Switzerland
10 Sydney, Australia
11 Frankfurt, Germany
12 Toronto, Canada
13 Boston, United States
=14 Shenzhen, People's Republic of China
=14 San Francisco, United States
16 Beijing, People's Republic of China
17 Washington D.C., United States
18 Paris, France
19 Taipei, Taiwan
20 Luxembourg

Key areas:

The people index summarises the availability of a skilled workforce, the flexibility of the labour market, the quality of the business education and the skillset of the workforce. The business environment aggregates and values the regulation, tax rates, levels of corruption, economic freedom and how difficult in general it is to do business. To measure regulation an online questionnaire has been used. The market access index looks at the various equities and bonds available. The volume and value of trading but also the cluster effect of the number of different financial service companies at the location influence the index. The infrastructure index furthermost accounts to the price of real estate at the location. Other factors such as public transport have a minor impact. General competitiveness relies on more traditional economic factors as price level, quality of life and economic sentiment.

I think London and New York should at least joint the position. but it is published by a British corporation thats might be the reason that London
is in favor.

 

[Leader]

no less than 8 are in Asia ! if we can compare it with some previous statistics it would be interesting to note the difference Iam sure !

 

[rcrmj]

no less than 8 are in Asia ! if we can compare it with some previous statistics it would be interesting to note the difference Iam sure !

there are 7 in Asia: Tokyo, Hongkong Shanghai, Singapor, Shenzhen,Beijing and Taibei.

supurise to see Mumbai is not in the list! if Mumbai and Seoul came to the group then Asia is going to occupy half of the top 20 list`! maybe within next 10 years it will happen.

 

[Zeeshan360]

How come Luxemborg is here ??
No mention of Mumbai or Seoul

I think business environment might have scored very low in case of Mumbai coz of high lvl of corruption .
Dunno the reason for Seoul though

 

[twoplustwoisfour]

How come Luxemborg is here ??

Luxemborg is a major banking and financial hub.

Global HQ of Arcelor-Mittal is in Luxemborg.

 

[rcrmj]

How come Luxemborg is here ??
No mention of Mumbai or Seoul

I think business environment might have scored very low in case of Mumbai coz of high lvl of corruption .
Dunno the reason for Seoul though

corruption is one of them, but I believe infrastructures, and difficulties to do business in general are the other two major factors

 

[Punjabbi Munda]

i don't agree with the list..
London on the top! lmao,a british agency made it,so it can be understand.

 

[Skull and Bones]

Luxemborg is a major banking and financial hub.

Global HQ of Arcelor-Mittal is in Luxemborg.

Because Luxembourg has lowest tax rates amongst all its neighborhood, virtually tax free

 

[Pakchina]

Where is Mumbai in the List? India is not currently supposed to be overtaking China in economic growth and also in terms of economic size and strength as from 2012 and 2020 respectively according to all these western gurus who are praying for an economic crackdown of the Chinese economy? If ever India would surpass China in economic growth and also be the No 1 world economy it should already have at least 2 or 3 cities in this ranking except if all such predictions by the Economist and its fake gurus would only happen in year 50,000 or in their dreams. What have these western gurus, finance specialists and economists predicted for China in 2010? I already read this in the Economist, in this forum and in reputed economic magazines. THAT in 2010 and begining of 2011, THE CHINESE ECONOMY WOULD FALL DOWN TO ZERO DUE TO THE REAL ESTATE BUBBLE AND SPECULATION (caused by Soros and the like)! But in reality what happens? China is still growing strong and it has already replaced Japan as the No 2 econmy in 2010 and China is taking necessary steps to raise interest rates in view of curbing inflation and cool down real estate speculation and it is the Euro zone economies like Portugal, Greece, Sapin who are falling and China needs to intervene in view of helping these stranded economies.

 

[rcrmj]

i don't agree with the list..
London on the top! lmao,a british agency made it,so it can be understand.

the list doesnt include mumbai doesnt mean it is not creditable. in terms of the key areas they've listed Mumbai is really far behind.

 

[GUNS-N- ROSES]

i think its mostly a fair list. Mumbai is yet to come up to internatinal standards.

 

[F-16_Falcon]

Where is Mumbai in the List? India is not currently supposed to be overtaking China in economic growth and also in terms of economic size and strength as from 2012 and 2020 respectively according to all these western gurus who are praying for an economic crackdown of the Chinese economy? If ever India would surpass China in economic growth and also be the No 1 world economy it should already have at least 2 or 3 cities in this ranking except if all such predictions by the Economist and its fake gurus would only happen in year 50,000 or in their dreams. What have these western gurus, finance specialists and economists predicted for China in 2010? I already read this in the Economist, in this forum and in reputed economic magazines. THAT in 2010 and begining of 2011, THE CHINESE ECONOMY WOULD FALL DOWN TO ZERO DUE TO THE REAL ESTATE BUBBLE AND SPECULATION (caused by Soros and the like)! But in reality what happens? China is still growing strong and it has already replaced Japan as the No 2 econmy in 2010 and China is taking necessary steps to raise interest rates in view of curbing inflation and cool down real estate speculation and it is the Euro zone economies like Portugal, Greece, Sapin who are falling and China needs to intervene in view of helping these stranded economies.

 

[President Camacho]

LOL Mumbai is at no. 57

 

[rcrmj]

LOL Mumbai is at no. 57

where did u find the complete list??

 

[Realist]

London, NY, HK are very big. How far down is Karachi?