Shanghai, Beijing and Shenzhen safely secured their top three spots as financial centers in China, while the country’s major centers saw their competitiveness enhanced, according to the 10th edition of the China Financial Center Index released by the China Development Institute, a think tank based in Shenzhen, Guangdong province.
A total of 31 financial centers in China are rated in the index, which is based on 91 criteria involved in the performance of the financial industry, strength of financial institutions, scale of financial market and financial environment.
The index has been updated every year since 2009 to present the new progress in China’s financial centers. And all 31 of the financial centers earned higher scores in this year’s evaluation, with Shenzhen, Shanghai, Hangzhou, Guangzhou and Nanjing experiencing the biggest jumps.
Now let’s look at the top 10 list.