Shenzhen ranks fifth of Global financial center

London reported the day before yesterday that the sixth Global Financial Centers Index GFCI shows that the global financial centers of London ranked first, followed by New York, Hong Kong and Singapore in the third and fourth respectively. However, unexpectedly, Shenzhen ranks fifth which shows remarkably competitiveness though it is a fresh, ahead of Shanghai (No. 10) and Beijing (No. 22), and becomes No. 1 among China's mainland cities. Since the March 2007 the first global financial center index phased, its publication has been appealed widespread attention and has now becomes the most authoritative competitiveness rankings of world's major financial center. The latest remarkable feature is that under the influence of financial crisis, European and American competitiveness general decline and the Asian financial centers rise. Compared with the previous five indexes, except for the first two cities London and New York, Chicago, Boston, Zurich, Frankfurt and other European financial centers rank lower obviously. From the score and ranking of view, the Asian financial center got little effect by the financial crisis, Hong Kong, Singapore, Shenzhen, Tokyo and Shanghai these five Asian cities are up into the top 10. City of London praised the financial center of Shenzhen’s remarkable achievement and rankings in the report, pointing out the reason that Shenzhen stands on the top five for the first time, one is the upgrade of financial center competitiveness, and the other is benefited from the questionnaire respondents especially from Asia-pacific region, who strongly support. They consider Shenzhen a "natural partner" of Hong Kong. As a winner of e-commerce in Shenzhen, epathchina.com also is excited with the inspiring news. Based on an international fanatical center, there certainly a large potential commercial opportunities for all businesses. Epathchina.com (www.epathchina.com) thinks this is a surprise ranking. Because, both the scale and impact, now, Shenzhen is also unable to emulate the world-class counterparts. However, the City of London’s ranking list pay more attention to potential not scale. Therefore, the unexpected ranking represents the international financial community’s recognition for a rising star. In addition, from epathchina.com (www.epathchina.com) point of view, the world's fifth is just a dynamic position, nevertheless, the signals were very clear: encouraging fair competition, improving government services, perfecting the overall environment, Shenzhen is undoubtedly moving in the right direction.