Global Financial Centres Index

Transcription

1 Global Financial Centres Index The Z/Yen Z/Yen Group Limited 90 Basinghall Street London EC2V 5AY United Kingdom tel: +44 (20) Mark Yeandle FCIM MBA

2 Z/Yen The Z/Yen Special City of London s leading think-tank and research house Services projects, coaching/training, expertise on demand, research Sectors technology, finance, voluntary, professional services, outsourcing Ø British Computer Society IT Director of the Year for PropheZy and VizZy Ø DTI Smart Award for PropheZy Ø Sunday Times Book of the Week, Clean Business Cuisine Ø 1.9M Foresight Challenge Award for Financial aboratory visualising financial risk

3 Z/Yen Research Financial Centres The Z/Yen

4 The Z/Yen The GFCI - A Global Phenomenon

5 Responses used in GFCI 19 The Z/Yen Sector Number Banking 572 Finance 111 Government & Regulatory 101 Insurance 92 Investment 301 Professional Services 368 Trade AssociaDon 57 Trading 69 Other 239 Total 1,910 Region Number Western Europe 816 Asia/Pacific 529 North America 255 Middle East & Africa 136 N/A 63 Eastern Europe & Central Asia 63 LaDn America & the Caribbean 48 Total 1,910 Size of Organisa5on Number Fewer than to to 1, ,000 to 2, ,000 to 5, More than 5, Total 1910

6 Multi-Factor Financial Centres The Z/Yen Instrumental Factors R-Sq IF01 Office Occupancy Costs BE16 OECD Country Risk ClassificaDon RF11 Price Levels RF14 InnovaDon CiDes Global Index RF12 Global CiDes Index RF01 World CompeDDveness Scoreboard BE18 Financial Secrecy Index IF17 LogisDcs Performance Index RF02 Global CompeDDveness Index RF22 IESE cides in modon index HC17 Cost of Living City Rankings BE01 Business Environment Rankings IF02 Office Space Around the World RF17 Global Enabling Trade Report BE14 Banking Industry Country Risk Assessments RF21 City IniDaDves for Technology, InnovaDon and Entrepreneurship HC08 Top Tourism DesDnaDons BE20 City GDP Figures IF08 Quality of Roads RF05 FDI Confidence Index IF13 Metro Network Length RF13 Number of internadonal associadon meedngs HC11 Global Talent Index

7 The Z/Yen The GFCI Process GFCI 19 uses 105 Instrumental Factors GFCI 19 uses 25,495 assessments from 2,520 respondents

8 Headline findings (1) The Z/Yen City GFCI 19 Rank GFCI 19 Ra5ng GFCI 18 Rank GFCI 18 Ra5ng Change in Rank Change in Ra5ng London New York Singapore Hong Kong Tokyo Zurich Washington DC San Francisco Boston Toronto Chicago Seoul Dubai Luxembourg Geneva Shanghai Sydney Frankfurt Shenzhen Osaka Sao Paulo Rio de Janeiro

9 The Z/Yen Headline Findings (2) The mean of the top five centres by region. North America and Western Europe are now behind Asia/Pacific GFCI 1 GFCI 2 GFCI 3 GFCI 4 GFCI 5 GFCI 6 GFCI 7 GFCI 8 GFCI 9 GFCI GFCI GFCI GFCI GFCI GFCI Asia/Pacific Eastern Europe and Central Asia LaDn America & the Caribbean GFCI 16 GFCI 17 GFCI 18 GFCI 19 Middle East & Africa North America Western Europe

10 The Z/Yen Headline Findings (3) New York, London, Singapore and Hong Kong remain the four leading global financial centres. Tokyo, in fifth place, is 25 points behind Hong Kong. 850 New York / London Trend Hong Kong / Singapore Trend 600 GFCI 1 GFCI 3 GFCI 5 GFCI 7 GFCI 9 GFCI 11 GFCI 13 GFCI 15 GFCI 17 GFCI 19 London New York Hong Kong Singapore Tokyo

11 The Z/Yen Headline Findings (4) Asian seems to have been flat-lining for the past three years. Singapore has climbed just ahead of Hong Kong. Seoul has fallen but remains in fourth place in the region Hong Kong Singapore Tokyo Seoul Shanghai

12 The Z/Yen Headline Findings (5) Sao Paulo remains the top Latin American centre in GFCI 19. Where should Santiago be? Sao Paulo Buenos Aires Mexico City Rio de Janeiro

13 The Z/Yen Factors of Competitiveness Z/Yen Taxonomy Areas of Particular Concern in 2015/16

14 What s on People s Minds The Z/Yen Area of Compe55veness Number of Men5ons Main Issues Business Environment 936 Human Capital 831 TaxaDon 796 ReputaDon 714 Infrastructure 707 RegulaDon is more important than ever and needs to be clear and fair CorrupDon is even more high profile than before Centres becoming more compeddve in acracdng skilled people Developing centres - more awareness of a 'brain drain' and demographics Tax rules must be harmonised internadonally Tax should be transparent and reasonable - and seen to be reasonable Security, safety and human rights are becoming even more important Centres need to market themselves - a more compeddve marketplace Road transport is becoming an important issue in many centres Lack of direct flights into certain centres holds them back Financial Sector Development 609 More focus on the importance of the EU cluster to London Physical proximity sdll very important

15 Financial Centre - Generalities The Z/Yen Ø You can t be good at everything specialise? Ø You can t be an international centre without international people Ø Successful people want to live in successful cities Ø People want to live in cosmopolitan places Ø Reputation is vital and you can lose a good one overnight Ø Increase transparency wherever possible Ø Continue to demonstrate commitment to meeting international standards

16 The Z/Yen Discussion and Questions In the Spirit of Collaboration: A Chilean who helps England An English Man who helped Chile Participate in the GFCI yourself at: