{"id":109761,"date":"2021-03-17T08:55:11","date_gmt":"2021-03-17T08:55:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=109761"},"modified":"2021-03-17T08:55:11","modified_gmt":"2021-03-17T08:55:11","slug":"new-york-stays-top-in-finance-as-london-loses-ground-index-shows","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/new-york-stays-top-in-finance-as-london-loses-ground-index-shows\/","title":{"rendered":"New York stays top in finance as London loses ground, index shows"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second place in the face of competition from Shanghai and other Asian centres.<\/p><figcaption class=\"Slideshow-description-447Md\">Slideshow <span>( 2 images )<\/span><\/figcaption><p>The index, compiled by the Z\/Yen Group, a London-based think tank, and the China Development Institute, looks at 143 yardsticks provided by outside parties such as the World Bank, The Economist Intelligence Unit, the OECD and United Nations.<\/p>\n<p>Based on 65,507 assessments of financial centres provided by 10,774 respondents to the GFCI online questionnaire, New York held on to the top stop with 764 points, while London dropped 23 points to 743, just one point ahead of Shanghai.<\/p>\n<p>The next five spots were filled by Asian financial centres, with two European centres making up the rear in the top 10.<\/p>\n<p>(Graphic: City Index March 2021: )<\/p>\n<p>\u201cA four point rise would place Singapore second only to New York. It\u2019s tight at the top, and no time for complacency,\u201d said Michael Mainelli, executive chairman of Z\/Yen.<\/p>\n<p>Asian financial centres make up six of the top 10, with three from Europe, including Frankfurt and Zurich.<\/p>\n<p>Frankfurt replaced San Francisco in the top 10, \u201cperhaps benefiting from the exit of the UK from the European Union,\u201d GFCI said.<\/p>\n<p>(Graphic: City Index Competitiveness: )<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-finance-global\/new-york-stays-top-in-finance-as-london-loses-ground-index-shows-idUSKBN2B90W4\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second place in [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":109760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New York stays top in finance as London loses ground, index shows - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/new-york-stays-top-in-finance-as-london-loses-ground-index-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York stays top in finance as London loses ground, index shows - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) &#8211; 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