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Not surprisingly, London again topped the list (as it was in 2022), and New York took the number two spot, followed by Singapore and Hong Kong. Index provides evaluations of future competitiveness and rankings for 115 financial centers around the world. Financial centers can be characterized by a solid infrastructure, stable regulatory and political environments, attractive taxation rules, and the availability of various opportunities to help trade and business growth.Īccording to a survey carried out by the CEOWORLD magazine among financial services professionals and global bankers in 2023, the most critical factors determining the competitiveness of a financial center were business environment, reputation, and infrastructure. A place where various financial sector participants, such as banks, trading companies, stock exchanges, and other institutions, are concentrated in one area.

International Financial Centers Index, compiled by the CEOWORLD magazine, ranks 115 global financial centers and uses data collected from thousands of financial services professionals and global bankers responding to the questionnaire.Ī financial hub or center is a city or region with a strategic location in the financial industry. International Financial Centers Index ranks the competitiveness of global financial hubs based on assessments from a questionnaire together with over 50 indices from organizations such as the Organisation for Economic Co-operation and Development (OECD), the World Bank, and the Economist Intelligence Unit. What are the factors that separate mere bustling metropolises from international financial centers? Zurich was 6th, with Tokyo, Paris, Luxembourg, and Munich rounding out the top 10. Hong Kong was fourth in the latest International Financial Centers Ranking, and Amsterdam was fifth. London scored 960 points, followed by New York, with 957 points. The ranking is based on an index for global financial hub rating, in which many factors are integrated. The world’s most attractive financial centers, 2023: London ranked first as the most attractive financial centers worldwide for 2023 by the CEOWORLD magazine, followed by New York and Singapore.