Guangzhou and Shenzhen are respectively ranked 32nd and 20th on the list of global financial centers published in the latest Global Financial Centers Index (GFCI 22) report, which was simultaneously released Monday in Chengdu, China, and Abu Dhabi, United Arab Emirates.
Among the seven Chinese mainland cities on the list, Shenzhen followed Shanghai and Beijing, and was followed by Guangzhou, Qingdao, Chengdu and Dalian. Shanghai ranked sixth, while Beijing stood at the 10th place.
The report, which tracked 92 financial centers globally, showed London, New York, Hong Kong, Singapore and Tokyo are still the five major financial centers. Among the top 20, one-third were cities in the Asia Pacific region.
The report took into account 64 factors grouped into five areas —people, business environment, infrastructure, market access and overall competitiveness.
The report is produced biannually by Z/Yen Group for the City of London Corp. and CDI (Shenzhen). The first report was released in March 2007.