Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Chinese financial hubs more active as Asia-Pacific drives global economy  

July 11, 2018


Abstract : Hong Kong, Shanghai and Beijing are more active as international financial hubs, as Asia-Pacific region now plays a more important role in the global economic development, according to a report released by China Economic Information Service (CEIS).

financial center index

SHANGHAI, July 11 ( Xinhua) -- Hong Kong, Shanghai and Beijing are more active as international financial hubs, as Asia-Pacific region now plays a more important role in the global economic development, according to a report released by China Economic Information Service (CEIS) on Wednesday.

The report ranks international financial centers comprehensively from five dimensions, including the development level of the financial sector, the economic performance of the city, performance of industries in the city, the level of services the city provides, and the national environment.

London surpassed New York for the first time in eight years to rank first on the list as the old-brand financial center shows its competitiveness in innovation. European financial hubs performed better as the whole region, according to the report.

Hong Kong, Shanghai and Beijing rank third, fifth and tenth, respectively. The three Chinese cities ranked top ten on the list, showing the country’s increasingly prominent role in the Asian and global financial sectors.

Shanghai, with the total amount of financial market transactions reaching 1,428 trillion yuan (about 214 trillion U.S. dollars) in 2017, has attracted more multinational players.

Singapore ranked sixth on the list. The rankings reflect the important role of the Asia-Pacific region as it drives the global economic development.

CEIS, a wholly-owned company of Xinhua News Agency, has released the Xinhua International Financial Center Development Index Report annually for eight consecutive years. (Contributed by Chen Aiping)

Scan the QR code and push it to your mobile phone

Keyword: China-financial-market Xinhua-index

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial