Core Insights - The 38th Global Financial Centre Index (GFCI 38) report was jointly released by Z/Yen Group and the Comprehensive Development Research Institute in Shenzhen, China, ranking 120 financial centers globally, with New York, London, and Hong Kong leading the list [1][5]. Financial Center Rankings - The top ten financial centers remain unchanged from the previous report, indicating a stable competitive landscape. The first tier includes New York, London, Hong Kong, and Singapore, with a scoring gap of only 1 point among them. Singapore saw a significant increase of 13 points, while New York's score decreased by 2 points [6][18]. - The second tier consists of San Francisco, Chicago, Los Angeles, Shanghai, Shenzhen, and Seoul, with a nearly 10-point gap from the first tier but only a 1-point difference among themselves, highlighting intense competition within the top ten [6][18]. Regional Performance - Financial centers in the Asia-Pacific region have surpassed those in North America in average scoring, with six centers in the top 15 globally. The average score for Asia-Pacific centers increased by 1.27%, while North America's average score rose by 0.56% [9]. - In mainland China, 12 financial centers made it to the index, with Shanghai (8th), Shenzhen (9th), and Beijing (22nd) being the top three. Notably, Xi'an improved its ranking by 9 places [12][13]. Fintech Rankings - In the fintech sector, Hong Kong, Shenzhen, and New York ranked as the top three financial centers. Hong Kong achieved the highest score for the first time, while Shenzhen reached its best performance historically. Shanghai's fintech ranking improved by 9 places, entering the global top ten [15][17].