If you’re looking for investments that pack a bunch, China is definitely the place to look. As reported recently by Adam Roseman in his weekly newsletter for ARC Investment Partners, Shanghai now ranks sixth as the one of the most competitive financial centers in the world.
This ranking shows an improvement, as it was eighth last year, according to the Xinhua-Dow Jones International Financial Centers Development Index (IFCD Index) that was recently issued. The IFCD Index was jointly launched by CFC Holding Company, Ltd, a subsidiary of Xinhua News Agency, and CME Group Index Services LLC (Dow Jones Indexes).
As part of the index, they looked at 45 international financial centers that were evaluated for their overall performance and related development environments. The top 10 cities, in order of influence, this year were: New York, London, Tokyo, Hong Kong, Singapore, Shanghai, Paris, Frankfurt, Sydney, and Amsterdam.