SZ19thamongglobalfinancialcenters
From: Shenzhen Daily
Updated: 2012-08-27 10:08
SHENZHEN ranks 19th among global financial centers, advancing by two places from its comparable Dow Jones ranking in 2011, new data shows.
New York, London and Tokyo remain in the top three spots and Shanghai holds its ranking of No. 6, according to the Xinhua-Dow Jones International Financial Centers Development (IFCD) Index released Friday in Shanghai.
This year"s IFCD index evaluates the development level and capacity of international financial centers from five aspects: financial market, growth potential, industrial support, service level and financial environment. The index ranks 45 major financial centers.
Shenzhen ranks eighth in growth potential, signaling the city"s strong capacity for further development.
Completing the top 10, Hong Kong ranks No. 4 and is followed by Singapore, Shanghai, Frankfurt, Paris, Zurich and Chicago. Beijing advances three positions from last year, to 11th place.
Among the 45 cities ranked, 21 are in Europe and 14 are in the Asia Pacific and African regions. Statistics show that although European cities dominate the rankings in number, most of their rankings are sliding downward, indicating impacts of the global debt crisis on traditional financial centers in Europe and the emerging influence of new economies.
The IFCD index uses a well-known system that ranks financial centers comprehensively and scientifically, an attached report said. The system creates a comprehensive evaluation of 45 global financial centers by comparing their competitiveness and forecasting their development potential and direction.
Source:Shenzhen Daily