Here are the world’s top financial centres according to the Global Financial Centres Index (GFCI 37), published on March 20, 2025.The top five financial centres are:New York City, London, Hong Kong, Singapore and San Francisco These cities lead due to strong regulatory systems, world-class infrastructure, deep talent pools, reputational strength, and robust financial sector development.
Key Insights & Highlights
Stability at the top: New York has held first position since September 2018, and the top nine centres remained unchanged in GFCI 37 London’s resurgence: Benefiting from UK policy adjustments and reforms post-Brexit, London made a notable 12-point gain, significantly closing in on New York. Hong Kong rebounds: Reclaimed third globally and maintains its status as Asia’s top centre – leading globally in several industry sectors including investment management, insurance, and finance. Fast-moving Asia: Seoul re-entered the top 10, while established Chinese cities like Shanghai and Shenzhen solidified their positions near the top.
Regional Perspectives
North America dominates: Cities like New York, San Francisco, Chicago, Los Angeles, Boston, and Washington DC all make the top 20. Europe’s presence: London, Frankfurt (11), Dublin (14), Geneva (15), Luxembourg (16), Paris (17), and Amsterdam (18) reflect strong competitiveness. Asia-Pacific leaders: Hong Kong, Singapore, Shanghai, Shenzhen, and Seoul remain influential. Middle East & Africa: Dubai (12) is the highest-ranked regional centre. India’s progress: GIFT City in Gujarat ranks at 46th, and Mumbai improves steadily, but remains outside the top 50