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The 2026 Global Financial Centres Index 39th Edition: Top 10 Financial Centres are New York, London, Hong Kong, Singapore, San Francisco, Shanghai, Dubai, Seoul, Shenzhen, Tokyo, Top 10 Financial Centres in APAC are Hong Kong, Singapore, Shanghai, Seoul, Shenzhen, Tokyo, Beijing, Busan, Sydney, Osaka, Guangzhou, Top 10 Investment Management Centres are New York, Hong Kong, London, Seoul, San Francisco, Dubai, Singapore, Shanghai, Shenzhen, Zurich

9th April 2026 | Hong Kong

Z/Yen has released the 2026 Global Financial Centres Index (GFCI 39th Edition), providing evaluations of future competitiveness and rankings of 120 financial centres around the world.  The top financial centre is New York.  The 2nd ranked financial centre is London.  The 3rd ranked financial centre is Hong Kong.  The top 5 financial centres – New York, London, Hong Kong, Singapore, San Francisco.  The top 10 financial centres – New York, London, Hong Kong, Singapore, San Francisco, Shanghai, Dubai, Seoul, Shenzhen, Tokyo.  2 of the top 10 are United States cities – New York, San Francisco.  3 of the top 10 are China cities – Hong Kong, Shanghai, Shenzhen.  1 of the top 10 is European city – London.  6 of the top 10 are in Asia-Pacific – Hong Kong, Singapore, Shanghai, Seoul, Shenzhen, Tokyo.  Top financial centre in Asia-Pacific (APAC) is Hong Kong.  The top 10 financial centres in APAC – Hong Kong, Singapore, Shanghai, Seoul, Shenzhen, Tokyo, Beijing, Busan, Sydney, Osaka, Guangzhou.  The top 10 financial centres in Europe – London, Zurich, Frankfurt, Luxembourg, Geneva, Paris, Amsterdam, Lugano, Dublin, Edinburg.  The top 10 financial centres in North America – New York, San Francisco, Los Angeles, Boston, Chicago, Washington DC, Toronto, Miami, Montreal, Minneapolis / St Paul.  The top 10 financial centres in Middle East & Africa – Dubai, Abu Dhabi, Doha, Casablanca, Mauritius, Riyadh, Bahrain, Kuwait City, Kigali, Johannesburg.  Top 10 Banking Centres – Hong Kong, New York, London, Tokyo, Singapore, Zurich, Seoul, Shanghai, Washington DC, Shenzhen.  Top 10 Investment Management Centres – New York, Hong Kong, London, Seoul, San Francisco, Dubai, Singapore, Shanghai, Shenzhen, Zurich.  Top 10 Trading Centres – New York, Singapore, Dubai, Tokyo, London, Hong Kong, Seoul, Chicago, Shanghai, San Francisco.  Top 10 Insurance Centres – Hong Kong, Singapore, New York, London, Shanghai, Shenzhen, San Francisco, Seoul, Dubai, Tokyo.  Top 10 Finance – Hong Kong, New York, London, Shanghai, Zurich, Tokyo, Shenzhen, Frankfurt, Dubai, Singapore.  Top 10 Fintech – Singapore, New York, London, Hong Kong, Dubai, Seoul, San Francisco, Zurich, Frankfurt, Shanghai.  Top 10 Govt & Regulatory – New York, London, Singapore, Seoul, Dubai, Frankfurt, Tokyo, Hong Kong, Shenzhen, San Francisco.  Top 10 Professional Services – Singapore, New York, London, Dubai, Zurich, Hong Kong, Seoul, San Francisco, Luxembourg, Shanghai.  See below for key findings & summary | View report here

” The 2026 Global Financial Centres Index 39th Edition: Top 10 Financial Centres are New York, London, Hong Kong, Singapore, San Francisco, Shanghai, Dubai, Seoul, Shenzhen, Tokyo, Top 10 Financial Centres in APAC are Hong Kong, Singapore, Shanghai, Seoul, Shenzhen, Tokyo, Beijing, Busan, Sydney, Osaka, Guangzhou, Top 10 Investment Management Centres are New York, Hong Kong, London, Seoul, San Francisco, Dubai, Singapore, Shanghai, Shenzhen, Zurich “

 



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The 2026 Global Financial Centres Index 39th Edition: Top 10 Financial Centres are New York, London, Hong Kong, Singapore, San Francisco, Shanghai, Dubai, Seoul, Shenzhen, Tokyo, Top 10 Financial Centres in APAC are Hong Kong, Singapore, Shanghai, Seoul, Shenzhen, Tokyo, Beijing, Busan, Sydney, Osaka, Guangzhou, Top 10 Investment Management Centres are New York, Hong Kong, London, Seoul, San Francisco, Dubai, Singapore, Shanghai, Shenzhen, Zurich

New York City, United States

Z/Yen has released the 2026 Global Financial Centres Index (GFCI 39th Edition), providing evaluations of future competitiveness and rankings of 120 financial centres around the world.  See below for key findings & summary | View report here

 

The 2026 Global Financial Centres Index 39th Edition

Summary

  • The top financial centre is New York
  • The 2nd ranked financial centre is London
  • The 3rd ranked financial centre is Hong Kong
  • The top 5 financial centres – New York, London, Hong Kong, Singapore, San Francisco
  • The top 10 financial centres – New York, London, Hong Kong, Singapore, San Francisco, Shanghai, Dubai, Seoul, Shenzhen, Tokyo
  • 2 of the top 10 are United States cities – New York, San Francisco
  • 3 of the top 10 are China cities – Hong Kong, Shanghai, Shenzhen
  • 1 of the top 10 is European city – London
  • 6 of the top 10 are in Asia-Pacific – Hong Kong, Singapore, Shanghai, Seoul, Shenzhen, Tokyo
  • Top financial centre in Asia-Pacific (APAC) is Hong Kong
  • The top 10 financial centres in APAC – Hong Kong, Singapore, Shanghai, Seoul, Shenzhen, Tokyo, Beijing, Busan, Sydney, Osaka, Guangzhou
  • The top 10 financial centres in Europe – London, Zurich, Frankfurt, Luxembourg, Geneva, Paris, Amsterdam, Lugano, Dublin, Edinburg
  • The top 10 financial centres in North America – New York, San Francisco, Los Angeles, Boston, Chicago, Washington DC, Toronto, Miami, Montreal, Minneapolis / St Paul
  • The top 10 financial centres in Middle East & Africa – Dubai, Abu Dhabi, Doha, Casablanca, Mauritius, Riyadh, Bahrain, Kuwait City, Kigali, Johannesburg
  • Top 10 Banking Centres – Hong Kong, New York, London, Tokyo, Singapore, Zurich, Seoul, Shanghai, Washington DC, Shenzhen
  • Top 10 Investment Management Centres – New York, Hong Kong, London, Seoul, San Francisco, Dubai, Singapore, Shanghai, Shenzhen, Zurich
  • Top 10 Trading Centres – New York, Singapore, Dubai, Tokyo, London, Hong Kong, Seoul, Chicago, Shanghai, San Francisco
  • Top 10 Insurance Centres – Hong Kong, Singapore, New York, London, Shanghai, Shenzhen, San Francisco, Seoul, Dubai, Tokyo
  • Top 10 Finance – Hong Kong, New York, London, Shanghai, Zurich, Tokyo, Shenzhen, Frankfurt, Dubai, Singapore
  • Top 10 Fintech – Singapore, New York, London, Hong Kong, Dubai, Seoul, San Francisco, Zurich, Frankfurt, Shanghai
  • Top 10 Govt & Regulatory – New York, London, Singapore, Seoul, Dubai, Frankfurt, Tokyo, Hong Kong, Shenzhen, San Francisco
  • Top 10 Professional Services – Singapore, New York, London, Dubai, Zurich, Hong Kong, Seoul, San Francisco, Luxembourg, Shanghai

 

The 2026 Global Financial Centres Index 39th Edition

1) Top 30 Financial Centres

  1. New York
  2. London
  3. Hong Kong
  4. Singapore
  5. San Francisco
  6. Shanghai
  7. Dubai
  8. Seoul
  9. Shenzhen
  10. Tokyo
  11. Zurich
  12. Los Angeles
  13. Boston
  14. Chicago
  15. Frankfurt
  16. Luxembourg
  17. Washington DC
  18. Geneva
  19. Paris
  20. Amsterdam
  21. Abu Dhabi
  22. Beijing
  23. Busan
  24. Sydney
  25. Lugano
  26. Osaka
  27. Dublin
  28. Edinburgh
  29. Toronto
  30. Guangzhou

 

2) Ranking by Industry Sector

  • Top 10 Banking Centres – Hong Kong, New York, London, Tokyo, Singapore, Zurich, Seoul, Shanghai, Washington DC, Shenzhen
  • Top 10 Investment Management Centres – New York, Hong Kong, London, Seoul, San Francisco, Dubai, Singapore, Shanghai, Shenzhen, Zurich
  • Top 10 Trading Centres – New York, Singapore, Dubai, Tokyo, London, Hong Kong, Seoul, Chicago, Shanghai, San Francisco
  • Top 10 Insurance Centres – Hong Kong, Singapore, New York, London, Shanghai, Shenzhen, San Francisco, Seoul, Dubai, Tokyo
  • Top 10 Finance – Hong Kong, New York, London, Shanghai, Zurich, Tokyo, Shenzhen, Frankfurt, Dubai, Singapore
  • Top 10 Fintech – Singapore, New York, London, Hong Kong, Dubai, Seoul, San Francisco, Zurich, Frankfurt, Shanghai
  • Top 10 Govt & Regulatory – New York, London, Singapore, Seoul, Dubai, Frankfurt, Tokyo, Hong Kong, Shenzhen, San Francisco
  • Top 10 Professional Services – Singapore, New York, London, Dubai, Zurich, Hong Kong, Seoul, San Francisco, Luxembourg, Shanghai

 

3) Ranking by Area Of Competitiveness

  • Top 5 Business Environment – New York, London, Hong Kong, Singapore, Dubai
  • Top 5 Human Capital – New York, Hong Kong, London, Singapore, Tokyo
  • Top 5 Infrastructure – London, New York, Hong Kong, New York, Singapore, Shenzhen
  • Top 5 Financial Sector Development – New York, London, Hong Kong, Singapore, Shanghai
  • Top 5 Reputational & General – New York, Hong Kong, Singapore, London, San Francisco

 

4) Top 15 Centres to Become More Significant in the 2 to 3 Years

  1. Dubai
  2. Singapore
  3. Riyadh
  4. Astana
  5. Abu Dhabi
  6. Hong Kong
  7. Shanghai
  8. Seoul
  9. Mauritius
  10. Taipei
  11. Kigali
  12. Casablanca
  13. GIFT City
  14. Ho Chi Minh City
  15. Tokyo

 

 

5) 2026 Top Global Financial Centres Ranking

Cities Rank Previous
1 New York 1 1
2 London 2 2
3 Hong Kong 3 3
4 Singapore 4 4
5 San Francisco 5 5
6 Shanghai 6 8
7 Dubai 7 11
8 Seoul 8 10
9 Shenzhen 9 9
10 Tokyo 10 15
11 Zurich 11 16
12 Los Angeles 12 7
13 Boston 13 17
14 Chicago 14 6
15 Frankfurt 15 12
16 Luxembourg 16 19
17 Washington DC 17 13
18 Geneva 18 14
19 Paris 19 18
20 Amsterdam 20 26
21 Abu Dhabi 21 28
22 Beijing 22 22
23 Busan 23 25
24 Sydney 24 23
25 Lugano 25 30
26 Osaka 26 36
27 Dublin 27 20
28 Edinburgh 28 32
29 Toronto 29 21
30 Guangzhou 30 33
31 Melbourne 31 24
32 Miami 32 29
33 Qingdao 33 35
34 Montreal 34 27
35 Stockholm 35 40
36 Minneapolis / St Paul 36 39
37 Chengdu 37 38
38 Jersey 38 31
39 Atlanta 39 48
40 Madrid 40 59
41 Berlin 41 50
42 Kuala Lumpur 42 45
43 Glasgow 43 34
44 Copenhagen 44 37
45 Milan 45 41
46 GIFT City-Gujarat 46 43
47 Rome 47 49
48 Doha 48 62
49 Casablanca 49 56
50 Mauritius 50 52
51 Taipei 51 55
52 Mumbai 52 46
53 San Diego 53 44
54 New Delhi 54 54
55 Labuan 55 60
56 Guernsey 56 47
57 Bermuda 57 80
58 Malta 58 66
59 Isle of Man 59 51
60 Calgary 60 53
61 Riyadh 61 67
62 Hangzhou 62 58
63 Vancouver 63 42
64 Oslo 64 63
65 Astana 65 68
66 Bahrain 66 73
67 Kuwait City 67 83
68 Cayman Isalnds 68 86
69 Wellington 69 64
70 Stuttgart 70 57
71 Wuhan 71 76
72 Kigali 72 65
73 Munich 73 69
74 Dalian 74 70
75 Lisbon 75 79
76 Hamburg 76 61
77 Vienna 77 84
78 Cyprus 78 101
79 Xi’an 79 82
80 Johannesburg 80 94
81 Brussels 81 71
82 Helsinki 82 72
83 Monaco 83 78
84 Ho Chi Minh City 84 95
85 Warsaw 85 93
86 Jakarta 86 91
87 Reykjavik 87 87
88 Tel Aviv 88 75
89 Tallinn 89 98
90 Liechtenstein 90 77
91 Santiago 91 85
92 Nanjing 92 74
93 Tianjin 93 81
94 Gibraltar 94 90
95 Prague 95 97
96 Cape Town 96 92
97 British Virgin Islands 97 107
98 Sao Paulo 98 89
99 Almaty 99 110
100 Bangkok 100 102
101 Istanbul 101 88
102 Manila 102 104
103 Moscow 103 108
104 Baku 104 118
105 Rio de Janeiro 105 100
106 Mexico City 106 96
107 Budapest 107 115
108 Riga 108 99
109 Athens 109 113
110 St Petersburg 110 106
111 Bahamas 111 111
112 Sofia 112 114
113 Barbados 113 103
114 Nairobi 114 105
115 Panama 115 109
116 Trinidad and Tobago 116 112
117 Tehran 117 117
118 Lagos 118 119
119 Bogota 119 116
120 Buenos Aires 120 120

 

 

6) Top 15 Financial Centres – Asia-Pacific

Cities Rank Previous
1 Hong Kong 3 3
2 Singapore 4 4
3 Shanghai 6 8
4 Seoul 8 10
5 Shenzhen 9 9
6 Tokyo 10 15
7 Beijing 22 22
8 Busan 23 25
9 Sydney 24 23
10 Osaka 26 36
11 Guangzhou 30 33
12 Melbourne 31 24
13 Qingdao 33 35
14 Chengdu 37 38
15 Kuala Lumpur 42 45

 

 

7) Top 15 Financial Centres – Western Europe

Cities Rank Previous
1 London 2 2
2 Zurich 11 16
3 Frankfurt 15 12
4 Luxembourg 16 19
5 Geneva 18 14
6 Paris 19 18
7 Amsterdam 20 26
8 Lugano 25 30
9 Dublin 27 20
10 Edinburgh 28 32
11 Stockholm 35 40
12 Jersey 38 31
13 Madrid 40 59
14 Berlin 41 50
15 Glasgow 43 34

 

 

8) Top 10 Financial Centres – North America

Cities Rank Previous
1 New York 1 1
2 San Francisco 5 5
3 Los Angeles 12 7
4 Boston 13 17
5 Chicago 14 6
6 Washington DC 17 13
7 Toronto 29 21
8 Miami 32 29
9 Montreal 34 27
10 Minneapolis / St Paul 36 39

 

 

9) Top 10 Financial Centres – Middle East & Africa

Cities Rank Previous
1 Dubai 7 11
2 Abu Dhabi 21 28
3 Doha 48 62
4 Casablanca 49 56
5 Mauritius 50 52
6 Riyadh 61 67
7 Bahrain 66 73
8 Kuwait City 67 83
9 Kigali 72 65
10 Johannesburg 80 94

 

 

The Global Financial Centres Index 39

The thirty-ninth edition of the Global Financial Centres Index (GFCI 39) was published on 26 March 2026. GFCI 39 provides evaluations of future competitiveness and rankings for 120 financial centres around the world. The GFCI serves as a valuable reference for policy and investment decision-makers. China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London collaborate in producing the GFCI. The GFCI is updated and published every March and September, and receives considerable attention from the global financial community. 137 financial centres were researched for GFCI 38 of which 120 are in the main index. The GFCI is compiled using 147 instrumental factors. These quantitative measures are provided by third parties including the World Bank, the OECD, and the United Nations. The instrumental factors are combined with financial centre assessments provided by respondents to the GFCI online questionnaire. GFCI 39 uses 34,468 assessments from 5,218 respondents.

Z/Yen is the City of London’s leading commercial think-tank. Z/Yen was founded in 1994 to promote societal advance through better finance and technology. Z/Yen has built its practice around a core of high-powered project managers, supported by experienced technical specialists so that clients get expertise they need, rather than just resources available. The firm is headquartered in London, but Z/Yen is committed to the ‘virtual office’ concept and is an intense user of technology in order to improve flexibility and benefit staff. Z/Yen has 25 full-time-equivalent staff and over 300 associate experts. Z/Yen people share significantly in the benefits of success and Z/Yen seeks to develop a supportive environment in which professionals from a variety of disciplines can flourish.




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