Global Financial Centres Index in the context of "Beijing"

⭐ In the context of Beijing, the Global Financial Centres Index recognizes the city as a leading hub primarily due to its concentration of…

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⭐ Core Definition: Global Financial Centres Index

The Global Financial Centres Index (GFCI) ranks the competitiveness of financial centres based on over 29,000 assessments from an online questionnaire and over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Economist Intelligence Unit. It was first published in March 2007. It has been jointly published twice per year by the London-based think tank Z/Yen and the China Development Institute since 2015. It is widely quoted as a top source for ranking financial centres.

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👉 Global Financial Centres Index in the context of Beijing

Beijing, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's most populous national capital city, as well as China's second largest city by urban area, after Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts. Beijing is mostly surrounded by Hebei Province and neighbors Tianjin to the southeast; together, the three divisions form the Jing-Jin-Ji cluster.

Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, business and economics, education, research, language, tourism, media, sport, science and technology, transportation, and art. It is home to the headquarters of most of China's largest state-owned companies and houses the largest number of Fortune Global 500 companies in the world, as well as the world's four biggest financial institutions by total assets. It is also a major hub for the national highway, expressway, railway, and high-speed rail networks. For a decade before the COVID-19 pandemic, Beijing Capital International Airport was Asia's busiest airport (2009–2019) and the second busiest airport in the world (2010–2019). In 2020, the Beijing subway was the fourth busiest and second longest in the world. Beijing Daxing International Airport, Beijing's second international airport, is the largest single-structure airport terminal in the world. The city has hosted numerous international and national sporting events, the most notable being the 2008 Summer Olympics and 2008 Summer Paralympics Games. In 2022, Beijing became the first city ever to host both the Summer and Winter Olympics, and also the Summer and Winter Paralympics.

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Global Financial Centres Index in the context of London

London is the capital and largest city of both England and the United Kingdom, with a population of 9.1 million people in 2024. Its wider metropolitan area is the largest in Western Europe, with a population of 15.1 million. London stands on the River Thames in southeast England, at the head of a 50-mile (80 km) tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of the national government and parliament. London grew rapidly in the 19th century, becoming the world's largest city at the time. Since the 19th century the name "London" has referred to the metropolis around the City of London, historically split between the counties of Middlesex, Essex, Surrey, Kent and Hertfordshire, which since 1965 has largely comprised the administrative area of Greater London, governed by 33 local authorities and the Greater London Authority.

As one of the world's major global cities, London exerts a strong influence on world art, entertainment, fashion, commerce, finance, education, healthcare, media, science, technology, tourism, transport and communications. London is Europe's largest city economy and one of the world's major financial centres. London hosts Europe's largest concentration of higher education institutions, comprising over 50 universities and colleges and enrolling more than 500,000 students as at 2023. It is home to several of the world's leading academic institutions: Imperial College London, internationally recognised for its excellence in natural and applied sciences, and University College London (UCL), a comprehensive research-intensive university, consistently rank among the top ten globally. Other notable institutions include King's College London (KCL), highly regarded in law, humanities and health sciences; the London School of Economics (LSE), globally prominent in social sciences and economics; and specialised institutions such as the Royal College of Art (RCA), Royal Academy of Music (RAM), the Royal Academy of Dramatic Art (RADA), the School of Oriental and African Studies (SOAS) and London Business School (LBS). It is the most-visited city in Europe and has the world's busiest city airport system. The London Underground is the world's oldest rapid transit system.

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Global Financial Centres Index in the context of Tel Aviv

Tel Aviv, officially Tel Aviv-Yafo, and also known as Tel Aviv-Jaffa, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli Mediterranean coastline and with a population of 495,230, it is the economic and technological center of the country and a global high-tech hub. If East Jerusalem is considered part of Israel, Tel Aviv is the country's second-most-populous city, after Jerusalem; if not, Tel Aviv is the most populous city, ahead of West Jerusalem.

Tel Aviv is governed by the Tel Aviv-Yafo Municipality, headed by Mayor Ron Huldai, and is home to most of Israel's foreign embassies. It is a beta+ world city and is ranked 53rd in the 2022 Global Financial Centres Index. Tel Aviv has the third- or fourth-largest economy and the largest economy per capita in the Middle East. Tel Aviv is ranked the 4th top global startup ecosystem hub. The city currently has the highest cost of living in the world. Tel Aviv receives over 2.5 million international visitors annually. Tel Aviv is home to Tel Aviv University, the largest university in the country with more than 30,000 students.

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Global Financial Centres Index in the context of Edinburgh

Edinburgh is the capital city of Scotland and one of its 32 council areas. It is located in southeast Scotland and is bounded to the north by the Firth of Forth and to the south by the Pentland Hills. Edinburgh had a population of506,520 in 2020, making it the second-most-populous city in Scotland and the seventh-most-populous in the United Kingdom. The wider metropolitan area had a population of 912,490 in the same year.

Recognised as the capital of Scotland since at least the 15th century, Edinburgh is the seat of the Scottish Government, the Scottish Parliament, the highest courts in Scotland, and the Palace of Holyroodhouse, the official residence of the British monarch in Scotland. It is also the annual venue of the General Assembly of the Church of Scotland. The city has long been a centre of education, particularly in the fields of medicine, Scottish law, literature, philosophy, the sciences and engineering. The University of Edinburgh was founded in 1582 and is now one of three universities in the city. The financial centre of Scotland, Edinburgh was in 2020 ranked the second-largest financial centre in the United Kingdom, the fourth-largest in Europe, and the thirteenth-largest in the world in the Global Financial Centres Index.

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Global Financial Centres Index in the context of Nanking

Nanjing is the capital of Jiangsu, a province in East China. The city, which is located in the southwestern corner of the province, has 11 districts, an administrative area of 6,600 km (2,500 sq mi), and as of 2021 a population of 9,423,400.Situated in the Yangtze River Delta, Nanjing has a prominent place in Chinese history and culture, having served as the capital of various Chinese dynasties, kingdoms and republican governments dating from the 3rd century to 1949, and has thus long been a major center of culture, education, research, politics, economy, transport networks and tourism, being the home to one of the world's largest inland ports. The city is also one of the fifteen sub-provincial cities in the People's Republic of China's administrative structure, enjoying jurisdictional and economic autonomy only slightly less than that of a province. It has also been awarded the title of 2008 Habitat Scroll of Honor of China, Special UN Habitat Scroll of Honor Award and National Civilized City. Nanjing is also considered a Beta (global second-tier) city classification, together with Chongqing, Hangzhou and Tianjin by the Globalization and World Cities Research Network, and ranked as one of the world's top 100 cities in the Global Financial Centres Index.

As of 2021, Nanjing has 68 institutions of higher learning, including 13 double-first-class universities, ten 111-plan universities, eight 211 universities, and 97 academies. Nanjing University, which has a long history, is among the world's top 10 universities ranked by the Nature Index. The ratio of college students to the total population ranks No.1 among large cities nationwide. Nanjing has the fifth-largest scientific research output of any city in the world. As of 2024, it has been ranked as the world's second most prolific scientific research center in earth and environmental sciences and the world's third most prolific scientific research center in chemistry and physical sciences, according to the Nature Index.

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Global Financial Centres Index in the context of Guangdong

Guangdong is a coastal province in South China, on the north shore of the South China Sea with Guangzhou as the capital. With a population of 127.06 million (as of 2023) across a total area of about 179,800 km (69,400 sq mi), Guangdong is China's most populous province and its 15th-largest by area, as well as the third-most populous country subdivision in the world.

Guangdong's economy is the largest of any provincial-level division in China, with a GDP of CN¥14.16 trillion (US$2.0 trillion in GDP nominal) in 2024, contributing approximately 10.5 percent of mainland China's economic output. It has a diversified economy, and was known as the starting point of ancient China's Maritime Silk Road. It is home to the production facilities and offices of a wide-ranging set of Chinese and foreign corporations. Guangdong has benefited from its proximity to the financial hub of Hong Kong, which it borders to the south. Guangdong also hosts the largest import and export fair in China, the Canton Fair, in Guangzhou. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high tech, manufacturing and international trade. In this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP: Guangzhou and Shenzhen, the first special economic zone in the country. These two are among China's most populous and important cities, and have become two of the world's most populous megacities and leading financial centres in the Asia–Pacific region.

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Global Financial Centres Index in the context of Z/Yen

Z/Yen is a commercial think tank, consultancy and venture firm headquartered in the City of London. It works in the financial services, technology and voluntary sectors on research, performance review and strategic management. Founded in 1994, Z/Yen has developed the London Accord, the Global Financial Centres Index, the Global Intellectual Property Index for Taylor Wessing and Taskforce 2000 (the UK industry response to the Millennium Bug).

Z/Yen conducts market research and intelligence. It publishes most of its research freely on its own website. Z/Yen is split into 2 parts; Long Finance for Pro bono work and The Financial Services Club (FSC) which provides networking dinners and events for city professionals.

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