WHAT Z/YEN SAYS ABOUT GLOBAL FINANCIAL CENTRES

Global financial centres play a pivotal role in bringing together global capital, facilitating cultural exchanges, and acting as essential hubs for countries to enhance international cooperation and foster new avenues of growth.

The Global Financial Centres Index (GFCI), refreshed every six months, has emerged as a “barometer” of the development of global financial centres, receiving wide attention from diverse segments of society.

The GFCI provides ratings for financial centres using a ’factor assessment’ model. The process involves taking two sets of ratings – one from survey respondents and one generated by a statistical model – and combining them into a single ranking.

It is update every six months.

OPINION

Ranking with a long history, it is aimed at evaluating cities that function as the main financial centers. It combines professional surveys with data and indices prepared by other entities.

The methodology and sources are very transparent. The questionnaire is focused on financial issues but, in the case of the indicators, this is not the case and, as a whole, they offer a global assessment of a city, not focused on financial aspects.

It may be that for this reason there are results that do not seem to be consistent with the financial reality of the cities. It is a ranking in which it should be assessed whether the position of some centers is what corresponds to them without the need to do any type of calculations.