The British think tank Z/Yen Group and the China Development Institute released simultaneously the GFCI40 in London, UK and Shenzhen, China. Qingdao ranked 31st among all 117 financial centers that made the latest list, climbing two spots compared with the last session. Qingdao has so far been included among the top 50 global financial centers for 20 consecutive times.

According to the latest report, the competitiveness of an international financial center is primarily underpinned by business environment, human resources capital, infrastructure, financial industry development, and reputation. Among these dimensions, Qingdao ranked globally 16th in terms of infrastructure, improving seven spots from the last session, 22nd in terms of reputation, and 28th in terms of business environment.

It is worth mentioning that Qingdao secured the 20th position among its global peers in a separate ranking for Fintech, climbing three spots from the last session. After Qingdao made such a headway in Fintech, six financial centers in the Chinese mainland were included among the top global 20 in regard to Fintech.  (Fu Jun)