City ranks 6th among world's top financial centers

Shanghai has moved up to the sixth place in the 22nd Global Financial Centres Index, moving from the 13th place in the previous ranking. This is the first time Shanghai has joined the world's top 10 since the inception of the index in 2007.

In a subranking, Shanghai was ranked the world's number one among insurers, demonstrating that market players view the city as one of the most important markets.

The research, released by British think-tank Z/Yen Group and Shenzhen-based think-tank China Development Institute, researched 108 cities globally in its latest edition.