Skip to content
Subscriber Only
Business

London Retains Its Crown as World’s Top Financial Center

By
  • No. 2 New York loses ground on trade fear; Hong Kong is No. 3
  • Index by Z/Yen, China’s CDI considers wide range of criteria
Pedestrians walk past a view of 20 Fenchurch Street, also known as the 'Walkie-Talkie,' in London, U.K., on Thursday, Jan. 5, 2017.

Pedestrians walk past a view of 20 Fenchurch Street, also known as the 'Walkie-Talkie,' in London, U.K., on Thursday, Jan. 5, 2017.

 Photographer: Simon Dawson/Bloomberg

London retained its crown as the world’s top financial center in a ranking that surveys industry professionals, extending its lead over New York and Hong Kong despite ongoing uncertainty about the implications of Brexit.

The U.K. capital fell only two points in the latest Global Financial Centres Index published by Z/Yen and the China Development Institute, the smallest decline among the top 10 centers. New York held on to second place, but fell 24 index points overall, “presumably due to fears over U.S. trade,” the survey said.