London retained its crown as the world’s top financial center in a ranking that surveys industry professionals, extending its lead over New York and Hong Kong despite ongoing uncertainty about the implications of Brexit. The U.K. capital fell only two points in the latest Global Financial Centres Index published by Z/Yen and the China Development Institute, the smallest decline among the top 10 centers. New York held on to second place. In Asia, Hong Kong leapfrogged Singapore into third place.
The index has been released twice yearly since 2007. It ranks 92 financial centres on a 1,000-point scale, addressing broad areas including the business environment, infrastructure, human capital and reputation.