London hung on to its second place ranking in the Global Financial Centres Index 26 (GFCI 26), with New York retaining the top spot and extending its lead, according to the list.
While this appears to be good news for London, it actually fell 14 points in the ratings. If London and Paris have similar falls and rises in the ratings in the GFCI 27, London would be reduced to a two point lead over Paris and would sit behind Shanghai.
The index, launched by Z/Yen Group in partnership with the China Development Institute (CDI) in both London and Shenzhen, saw Hong Kong take the third spot.
