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Almaty lost positions in the rating of global financial centers

Almaty has lost 44 positions in the index of global financial centers, LS reports.
Almaty lost positions in the rating of global financial centers

The British company Z/Yen and China Development Institute published the 28th ranking edition of the world's financial centers. The study included 121 financial centers, 111 of which are now in the main index.

“Nur-Sultan has lost two positions in the ranking, being in 74th place, but among Eastern Europe and Central Asia, the capital city rose from 11th to sixth place. However, Almaty fell by 44 positions and took 99th place. Also, for the first time, the city entered the list of financial centers in the fintech sector and got the 67th place,” the study notes.

The document also said that the average rating of centers in the index fell by more than 41 points (6.25%) after the last publication in March. The analysts believe that this may indicate a distrust of finance at a time of uncertainty in international trade amid pandemic in individual countries, as well as due to geopolitical unrest.

New York is still in the first place in the list of financial centers followed by London, Shanghai, Tokyo and Hong Kong.

The study was compiled using 138 instrumental factors. They are provided by organizations such as the World Bank, The Economist Intelligence Unit, OECD and UN.

More than 8.5 thousand respondents using online questionnaires provided about 54.5 thousand assessments of financial centers in this rating.

Previously, LS wrote that Kazakhstan was ranked 77th in the Global Innovation Index.

Source: https://lsm.kz/almaty-fincentr

Photos are from open sources.

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