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Ningbo elected as secondary financial centre for the 3rd time

The third China Financial Centre Index (CDI·CFCI3) was released in Shenzhen this week. Ningbo ranks 13th in terms of comprehensive competitiveness and this is the third consecutive year that Ningbo has been included in the list.

According to the list, the final ranking of the comprehensive competitiveness is as follows, Shanghai, Beijing and Shenzhen take up the first three places. Then come Guangzhou, Hangzhou, Nanjing, Tianjin, Dalian, Chengdu, Suzhou, Wuhan, Shenyang, Ningbo, Chongqing, Xi'an, Xiamen, Jinan, Qingdao, Changsha, Zhengzhou, Fuzhou, Kunming, Wuxi, Hefei, Nanchang, Changchun, Wenzhou, Harbin and Shijiazhuang.

It can be clearly seen from the three years' listing that the competitiveness of Chinese financial centres shows a disparity among cities. Generally speaking, Chinese financial centres fall into three categories. The first level can be referred as national financial centres, including Shanghai, Beijing and Shenzhen. They are all national financial centres with influence and radiating power. This year's list sees for the first time that these three cities won all the first three places in all indicators of the list. For example, Shanghai ranks number one from the perspective of financial performance and the scale of financial market, and Beijing ranks number one in strength of financial institutions and eco-environment of finance. With its excellent eco-environment of finance and financial performance, Ningbo falls into the second level, that is, major regional financial centres. According to the list, besides Ningbo, Guangzhou, Hangzhou, Dalian, Nanjing and Tianjin are all included in the second level, as they are regional financial centres with regional influence and radiating power. Some other cities in the list, including Shenyang, Zhengzhou, Wuhan, Chengdu, Fuzhou, Changsha, Xiamen, etc, are placed in the third level as minor regional financial certres

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