S’pore’s a distant 4th but

catching up. But Shanghai’s catching up fast.

Taz the conclusion of the latest Global Financial Centres Index (GFCI).

London and New York with 772 and 770 points respectively out of a possible 1,000, are joint leaders (a two-point margin is  statistically “peanuts”). Hong Kong has 760.  Singapore is 4th, 32 points behind Hong Kong, but could soon join the top ranks (i.e. close the gap), according to GFCI.

Shanghai has risen  five places to sixth, which puts it in the top 10 for the first time since the survey began in 2005. There are now four Asian cities in the top 10.

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