London retained the European top spot in the latest Financial Centre Index (GFCI) and came second only to New York in the global rankings.
New York came out on top in the latest Global Financial Centres Index, while London held on to second place as Chinese cities slipped according to a report published today (Friday) by the Z/Yen Group.
The index, in partnership with think-tank China Development Institute, is being celebrated in London especially after Brexit as Britain forged its own way ahead in financial markets across the world since last December.
A GFCI statement said:
Michael Mainelli, Executive Chairman of Z/Yen said:
Hong Kong and Singapore in third and fourth position both fell 25 points in the ratings.
In their survey of fintech centres, New York and Shanghai retained first and second positions, with London rising two places to third place as Britain makes fintech-friendly policies a priority.