In the 21st “Global Financial Centers Index”(GFCI) report jointly compiled and issued by Z/Yen Group, a British think tank and China (Shenzhen) Development Institute, Qingdao appears on the list for the third consecutive time and ranks the 38th among all 88 cities, soaring by 8 places compared to the rankings in the last edition.

    Mainland China has 6 cities in the list and Qingdao ranks 5th with a total score of 649 following Shanghai, Beijing, Shenzhen and Guangzhou. The ranking list also specially set up a subordinated list of “rankings of 15 financial centers with further increased influence in expectation”, in which Qingdao ranks the 5th and just falls behind Shanghai, Singapore, Dubai and Hong Kong. It reflects that global professionals have enormous attention and anticipation for the future development of Qingdao financial center.

    The ranking list of “Global Financial Centers Index” is renewed every half year. Global financial centers are graded and ranked in terms of the business environment, financial system, infrastructure, human capital, and city reputation and the list has remarkably authoritative. On March 2016, Qingdao appeared on the list for the first time at 79th place. After half a year, the ranking of Qingdao jumped to 46th and became the city that went up the fastest among all global financial centers in the list. As an emerging wealth management center and the only wealth management and comprehensive fiscal reform pilot zone in China, the city of Qingdao has won recognition from the international financial sector for its development potential and growth vigor. Fu Jun