New York Retains Top Spot in Global Financial Centres Index

London and Singapore round out the top three financial hubs in GFCI 34 rankings

Apr. 11, 2026 at 7:54pm

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An extreme close-up of complex, interlocking metal gears and mechanisms, representing the inner workings of the global financial system in a conceptual, non-literal way.The GFCI 34 rankings underscore the continued dominance of established global financial hubs, while also highlighting the rising competitiveness of emerging centers.NYC Today

The 34th edition of the Global Financial Centres Index (GFCI 34) was jointly published by Z/Yen and CDI on September 28, 2023. The index provides evaluations of future competitiveness and rankings for 121 financial centers around the world. New York City maintained its position as the top-ranked global financial hub, followed by London and Singapore.

Why it matters

The GFCI serves as a valuable reference for policy and investment decision-makers, assessing the competitiveness of major financial centers worldwide. The rankings reflect factors such as the size and development of a city's economy, the strength of its financial institutions, regulatory environment, workforce talent, and infrastructure.

The details

GFCI 34 uses 53,789 assessments from 9,097 respondents, as well as 147 instrumental factors provided by third-party organizations like the World Bank, OECD, and United Nations. New York retained its leading position, with London taking second place and overtaking San Francisco. Singapore maintained its third-place ranking, slightly ahead of Hong Kong in fourth. Washington DC and Geneva entered the top 10, replacing Seoul and Boston.

  • GFCI 34 was published on September 28, 2023.
  • The previous edition, GFCI 33, was released in 2022.

The players

Z/Yen

A commercial think-tank that jointly publishes the Global Financial Centres Index.

CDI

A research organization that collaborates with Z/Yen on the Global Financial Centres Index.

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The takeaway

The GFCI 34 rankings highlight the continued dominance of established global financial hubs like New York, London, and Singapore, while also showcasing the rising competitiveness of centers like Washington DC and Geneva. These rankings provide important insights for businesses and investors looking to navigate the evolving landscape of international finance.