On September 19, Z/Yen Group, a London-based commercial think tank, in collaboration with the China Development Institute (CDI), a think tank located in Shenzhen, south China's Guangdong Province, released the 26th edition of the Global Financial Centers Index (GFCI 26).

According to the report, Chengdu, rising 14 places from the last edition, ranked 73^rd among all financial centers worldwide.

As a valuable evaluation of competitiveness and rankings for the major financial centers around the world, the GFCI researched 114 centers this time by evaluating their business environment, human resources, infrastructure, financial sector development, and international reputation.

For the first time, the GFCI developed a separate index ranking in terms of the development of fintech industry, on which Chengdu ranked 18 with a score of 707.

Chengdu has shown a strong momentum of the development in the finance industry over the recent years. During the first half of this year, the city's added value of the industry was RMB91.5 billion, rising 7.8% year on year and accounting for 11.9% of its GDP.