1、The Smart Centres Index 8 November 2023 Distributed Futures Smart Centres Index 8 We are pleased to present the eighth edition of the Smart Centres Index(SCI 8).The SCI has been developed by Z/Yen as part of its Long Finance Initiative and the Distributed Futures Programme to track commercial centre

2、s ability to create,develop,and deploy technology.It aims to help investors,governments,and regulators track the attractiveness of technology centres for new technologies and products by measuring how attuned centres and their regulatory systems are to attracting innovation and growth in Science,Tec

3、hnology,Energy Systems,Machine Learning,Distributed Ledgers,and Fintech.The SCI tracks three dimensions related to innovation and technology in the cities that we rank:Innovation Support-the support provided by regulatory and other systems to innovation and technology in a centre.Creative Intensity-

4、the intensity of technology and innovation services and opportunities in a centre.Delivery Capability-the quality of the technology and innovation work that is taking place in a centre.Z/Yen helps organisations make better choices-our clients consider us a commercial think-tank that spots,solves,and

5、 acts.Our name combines Zen and Yen-a philosophical desire to succeed-in a ratio,recognising that all decisions are trade-offs.One of Z/Yens specialisms is the development and publication of research combining factor analysis and professional assessments.Long Finance is a Z/Yen initiative designed t

6、o address the question“When would we know our financial system is working?”This question underlies Long Finances goal to improve societys understanding and use of finance over the long-term.In contrast to the short-termism that defines todays economic views,the Long Finance timeframe is roughly 100

7、years.The authors of this report,Mike Wardle and Professor Michael Mainelli,would like to thank Bikash Kharel and the rest of the Z/Yen team for their contributions with research,modelling,and ideas.Z/Yen Group 2023 Cover Photo by Sangharsh Lohakare on Unsplash Smart Centres Index 8 Contents Page Su

8、mmary And Headlines 1 SCI 8 Ranks And Ratings 3 The Three SCI Dimensions 5 Top Five Centres 7 SCI 8:Further Analysis 9 Areas Of Competitiveness 10 Commentary On Factors 13 Reputation 14 The SCI 8 World-Centres In The Index 15 Regional Analysis 17 North America 18 Asia/Pacific 20 Western Europe 22 Mi

9、ddle East&Africa 24 Eastern Europe&Central Asia 25 Latin America&The Caribbean 27 Appendix 1:Assessment Details 28 Appendix 2:Respondents Details 31 Appendix 3:Methodology 32 Appendix 4:Instrumental Factors 35 Smart Centres Index 8 1 Summary And Headlines Commentary The Smart Centres Index focuses o

10、n technology and innovation in financial and commercial centres across the world,including Science,Energy Systems,and Machine Learning,along with other applications.The index is designed to improve our understanding of science and technology policy,regulation,and delivery.Leading centres in the SCI

11、are based in places which combine a high performing university sector across STEM subjects,with well-developed regulatory,commercial,and financial services.The SCI takes into account the three dimensions of Innovation Support,Creative Intensity,and Delivery Capability.In broad terms,centres in North

12、 America score higher for Delivery Capability.Centres in Western Europe score higher for Innovation Support and Creative Intensity.Centres in Asia/Pacific score lower for Delivery Capability and higher for Creative Intensity.As a mark of continued technological progress,we asked respondents to the S

13、CI survey to predict the time frame over which they expected quantum computers to be able to break current public key encryption.Over three-quarters of respondents expect this point to be reached within five years.Alongside the development of generative AI,these developments will continue to have an

14、 impact on work and leisure.Following a rise in the average ratings in SCI 7,the average rating in SCI 8 rose by just 0.47%.Against a background of geopolitical threats,this may reflect uncertainty over the perceived risks and uncertain types of benefits arising from technologies such as generative

15、AI.Most centres in the top half of the table fell in the ratings,while the reverse is true for centres in the lower half of the index.Regional performance followed this trend,with Western European and North American centres average rating falling,reflecting the higher number of centres in these regi

16、ons in the top half of the ranking.SCI 8 Results London retained first place in the index,with New York and Singapore in second and third positions.Four Western European centres feature in the top 10,and three US centres.Singapore and Hong Kong feature in the top 10 among Asia/Pacific centres and Te

17、l Aviv continues to feature in the top 10.Four centres rose 10 or more places in the ranking in SCI 8,while five centres fell 10 or more places.North America Nine North American centres feature in SCI 8 and three are in the world top 10.Five centres in the region maintained or improved their rank po

18、sition compared with SCI 7,with Toronto improving 8 rank places.All North American centres fell in the SCI ratings.Asia/Pacific 21 Asia/Pacific centres feature in the SCI.Singapore,Hong Kong,and Busan continue to rank in the top 20 in the world.Fourteen centres in the region maintained their positio

19、n or rose in the ranking in SCI 8.Smart Centres Index 8 2 Western Europe 25 Western European centres feature in SCI 8,with four centres ranking in the top 10 and eight in the top 20.Paris rose 17 places in the ranking and Madrid rose 10 places compared with SCI 7.Middle East&Africa Tel Aviv leads th

20、is region and moved into 7th position overall,with Dubai entering the top 20 at 16th position in the world.Mauritius entered the index for the first time in 63rd position.Following improvements in SCI 7,all centres in the region,other than Tel Aviv and Dubai,fell back in the ranking.Eastern Europe&C

21、entral Asia New entrant to the index,Cyprus,leads the region in 42nd place globally.Astana moved up nine rank places to take second place in the region Tallinn and Prague fell slightly,while Sofia,which led the region in SCI 7 fell 10 rank places and is sixth in the region.Latin America&The Caribbea

22、n Mexico City leads the region,and has extended its lead over the Cayman Islands to 12 rank places.Mexico City regained ground in SCI 8,while the Cayman Islands ranking was down two places.British Virgin islands entered the SCI for the first time.SCI 8 The SCI is a factor assessment index,combining

23、a number of instrumental factors-data measures drawn from a range of data providers across the world-and assessments given by business and finance professionals of three dimensions related to innovation and technology:Innovation Support-the support provided by regulatory and other systems to innovat

24、ion and technology in a centre.Creative Intensity-the intensity of technology and innovation services and opportunities in a centre.Delivery Capability-the quality of the technology and innovation work that is taking place in a centre.These dimensions are brought together in the overall SCI ratings

25、to produce the index,which is updated every six months.SCI 8 was compiled using 135 instrumental factors.These quantitative measures are provided by third parties including the World Bank,The Economist Intelligence Unit,the OECD,and the United Nations.Details can be found in Appendix 4.The instrumen

26、tal factors were combined with 1,705 assessments provided by respondents to the SCI online questionnaire.Details of the 232 respondents are shown in Appendix 2.Further details of the methodology behind SCI 8 are in Appendix 3.We researched 131 commercial and financial centres for this eighth edition

27、 of the Smart Centres Index(SCI 8).The 77 centres listed in SCI 8 are those which received an adequate number of assessments from survey respondents.Assessments of respondents home centres were excluded from the data,in order to avoid home centre bias.Smart Centres Index 8 3 SCI 8 Ranks And Ratings

28、Table 1|Smart Centres index 8:Ranks And Ratings Centre SCI 8 SCI 7 Change In Rank Change In Rating Rank Rating Rank Rating London 1 732 1 757 0 25 New York 2 727 2 750 0 23 Singapore 3 717 6 721 3 4 Zurich 4 715 4 725 0 10 Oxford,UK 5 713 7 719 2 6 San Francisco 6 711 3 732 3 21 Tel Aviv 7 707 9 717

29、 2 10 Los Angeles 8 705 8 718 0 13 Cambridge,UK 9 703 13 713 4 10 Hong Kong 10 702 10 716 0 14 Stockholm 11 701 15 711 4 10 Toronto 12 700 20 706 8 6 Vancouver 13 699 18 708 5 9 Boston 14 698 12 714 2 16 Busan 15 697 19 707 4 10 Dubai 16 696 21 705 5 9 Copenhagen 17 695 14 712 3 17 Geneva 18 694 23

30、703 5 9 Amsterdam 19 693 24 698 5 5 Seattle 20 692 11 715 9 23 Shenzhen 21 691 25 696 4 5 Chicago 22 690 16 710 6 20 Washington DC 23 689 26 694 3 5 Berlin 24 688 32 686 8 2 Malta 25 687 17 709 8 22 Brussels 26 686 30 688 4 2 Shanghai 27 685 27 692 0 7 Luxembourg 28 684 33 685 5 1 Seoul 29 683 28 69

31、1 1 8 Tokyo 30 682 22 704 8 22 Melbourne 31 681 39 672 8 9 Sydney 32 680 35 682 3 2 Dublin 33 679 41 669 8 10 GIFT City-Gujarat 34 678 42 668 8 10 Abu Dhabi 35 677 31 687 4 10 Beijing 36 676 34 683 2 7 Taipei 37 675 40 671 3 4 Paris 38 674 55 647 17 27 Smart Centres Index 8 4 Table 1(continued)|Smar

32、t Centres index 8:Ranks And Ratings Centre SCI 8 SCI 7 Change In Rank Change In Rating Rank Rating Rank Rating Doha 39 673 29 690 10 17 Gibraltar 40 672 45 664 5 8 Guangzhou 41 671 37 679 4 8 Cyprus 42 670 New New New New Chengdu 43 669 46 661 3 8 Astana 44 668 53 652 9 16 Hamburg 45 667 52 653 7 14

33、 Bangkok 46 666 36 680 10 14 Vienna 47 665 38 673 9 8 Tallinn 48 664 44 666 4 2 Prague 49 663 48 657 1 6 Budapest 50 662 63 630 13 32 Osaka 51 661 47 660 4 1 Tianjin 52 660 61 635 9 25 Sofia 53 659 43 667 10 8 Edinburgh 54 658 49 656 5 2 Cape Town 55 657 50 655 5 2 Madrid 56 656 66 623 10 33 Guernse

34、y 57 655 51 654 6 1 Athens 58 654 70 612 12 42 Frankfurt 59 653 54 650 5 3 Munich 60 652 56 646 4 6 Johannesburg 61 651 58 640 3 11 Mexico City 62 650 68 617 6 33 Mauritius 63 649 New New New New Riyadh 64 648 57 645 7 3 Warsaw 65 647 69 614 4 33 Milan 66 646 62 632 4 14 Rome 67 645 74 582 7 63 Ista

35、nbul 68 644 59 639 9 5 Mumbai 69 643 76 571 7 72 Kuala Lumpur 70 642 71 610 1 32 Isle of Man 71 641 73 590 2 51 Moscow 72 640 67 618 5 22 Bahrain 73 639 60 636 13 3 Cayman Islands 74 638 72 609 2 29 Manila 75 637 64 627 11 10 New Delhi 76 636 77 539 1 97 British Virgin Islands 77 615 New New New New

36、 Smart Centres Index 8 5 The Three SCI Dimensions We develop the SCI ratings and ranking by looking at three separate dimensions of technology and innovation development:Innovation Support-the approach taken to regulation and support for the innovation and technology industry provided by the commerc

37、ial ecosystem.Creative Intensity-the extent to which technology and innovative industries are embedded in the economy of the centre.Delivery Capability-the quality of the innovation work being undertaken in the centre.We develop ratings for each dimension,which are ranked equally in creating the SCI

38、.Full details of the separate ratings for each dimension are at Appendix 1.Table 2 shows the rating details for each dimension for the top 20 centres in SCI 8.Table 2|Rating Details For SCI 8 Dimensions:Top 20 Centres in SCI 8 SCI 8 Ranking SCI Dimensions Centre Innovation Support Creative Intensity

39、 Delivery Capability Rank Rating Rank Rating Rank Rating 1 London 1 245 2 245 1 242 2 New York 2 244 1 246 2 237 3 Singapore 3 240 5 240 3 237 4 Zurich 4 239 3 243 6 233 5 Oxford,UK 5 238 5 240 4 234 6 San Francisco 6 236 4 241 6 233 7 Tel Aviv 8 235 7 240 9 232 8 Los Angeles 8 235 8 238 9 232 9 Cam

40、bridge,UK 7 236 16 233 4 234 10 Hong Kong 11 234 9 237 13 231 11 Stockholm 20 231 9 237 8 233 12 Toronto 17 232 12 236 9 232 13 Vancouver 8 235 13 235 16 229 14 Boston 14 233 14 234 13 231 15 Busan 11 234 16 233 15 230 16 Dubai 14 233 14 234 16 229 17 Copenhagen 11 234 20 232 16 229 18 Geneva 14 233

41、 16 233 20 228 19 Amsterdam 17 232 20 232 19 229 20 Seattle 17 232 20 232 20 228 This analysis shows the effect that particular dimensions have on the placing of centres in the SCI.In particular:Leading centres have a spread of strengths across the dimensions.Individual centres have differing areas

42、of strength.Hong Kong and Stockholm,for example,are closely matched in their overall rank,but have different profiles in the dimensions.The SCI 8 results showing the contribution of each dimension for the top 40 centres are shown in Chart 1.Smart Centres Index 8 6 Chart 1|SCI 8:Contribution Of The D

43、imensions To Overall Ratings:Top 40 Centres Smart Centres Index 8 7 Top Five Centres Among the top five centres in the SCI,London and New York have a clear lead over the following centres.Chart 2|The Top Five Centres Over Time The top five places in Innovation Support in SCI 8 mirror the top five ra

44、nked centres overall.Chart 3|Top Five Centres-Innovation Support-Ratings Over Time Smart Centres Index 8 8 In the Creative Intensity dimension,New York takes first place just ahead of London.Zurich is in third position on this measure.Chart 4|Top Five Centres-Creative Intensity Ratings Over Time For

45、 Delivery Capability,London again takes first place,with New York second and Singapore third.Oxford,UK overtook Zurich on this measure.Chart 5|Top Five Centres-Delivery Capability-Ratings Over Time Smart Centres Index 8 9 SCI 8:Further Analysis Future Performance We asked respondents to the SCI surv

46、ey to assess whether the centres they rated were likely to improve,decline,or stay the same in relation to their innovation and technology offerings over the next two to three years.The results for the top 10 centres are shown in Chart 6.For all centres in this group other than Hong Kong,the majorit

47、y of respondents thought that the centre would improve over this period.Los Angeles has the highest proportion of those rating its performance who consider that it will improve or improve significantly over the next period.Chart 6|Future Performance-Top 10 Centres“Regulation is clearly a factor in w

48、hat can be achieved and attempted,and is everywhere at the mercy of the political environment.Political instability,the degree of political authoritarianism,and its accompanying networks of favoured players can undermine capabilities to an uncomfortable degree.”SECRETARY GENERAL,PROFESSIONAL SERVICE

49、S BODY,MALTA Smart Centres Index 8 10 Areas Of Competitiveness SCI 8 is created using 135 instrumental factors which relate to a range of aspects of competitiveness,including measures relating to technology development.These factors are grouped into six broad areas of competitiveness:Technology,Fina

50、ncial Services,Reputational,Business Environment,Human Capital,and Infrastructure.These areas and the instrumental factor themes which comprise each area are shown in Chart 7.Chart 7|SCI Areas Of Competitiveness To assess centres technology and innovation offerings against each of these areas,the SC

51、I model is run for each area separately.The top ranked 15 centres in each sub-index are shown in Table 3.Table 3|Top 15 Centres By Areas Of Competitiveness Rank Technology Business Environment Human Capital Infrastructure Financial Sector Development Reputational 1 London London London London London

52、 London 2 New York New York New York New York New York New York 3 Singapore Singapore Singapore Singapore Singapore Singapore 4 Zurich Zurich Zurich Zurich Zurich Zurich 5 San Francisco Tel Aviv Tel Aviv San Francisco San Francisco San Francisco 6 Copenhagen San Francisco San Francisco Toronto Los A

53、ngeles Tel Aviv 7 Stockholm Oxford,UK Dubai Tel Aviv Washington DC Los Angeles 8 Tel Aviv Hong Kong Geneva Vancouver Chicago Stockholm 9 Los Angeles Cambridge,UK Oxford,UK Stockholm Dubai Dubai 10 Geneva Los Angeles Copenhagen Oxford,UK Berlin Berlin 11 Busan Busan Los Angeles Los Angeles Cambridge,

54、UK Oxford,UK 12 Cambridge,UK Amsterdam Toronto Busan Boston Cambridge,UK 13 Hong Kong Copenhagen Cambridge,UK Cambridge,UK Geneva Geneva 14 Oxford,UK Toronto Vancouver Hong Kong Seattle Seattle 15 Washington DC Dubai Brussels Dubai Oxford,UK Busan Smart Centres Index 8 11 The leading centres in the

55、index have a balance of strengths across all six areas of competitiveness.Some centres have distinct areas of strength,for example,Dubai is very strong in human capital compared with its overall rank,and technology,and Toronto scores well for infrastructure.Index Ranking For Technology As shown in T

56、able 3,we have conducted an analysis of the assessments provided by respondents using only the instrumental factors that have a direct relationship to technology.We compare this analysis with the main index in Table 4.The plus and minus figures show the difference between the main index and the inde

57、x calculated using only technology factors.Comparing the ranking using only technology factors with the overall SCI ranking makes minor differences for some centres.However,in the technology ranking,Copenhagen,Stockholm,Geneva,Busan,and Washington DC gain a significant advantage.Table 4|Top 15 Centr

58、es Using All Factors And Only Technology Factors The designation of Busan as a blockchain regulatory-free zone enabled this city to attract young and ambitious FinTech entrepreneurs.DEPUTY MANAGER,INVESTMENT FIRM,BUSAN SCI 8 Rank All Factors Technology Factors 1 London London 2 New York New York 3 S

59、ingapore Singapore 4 Zurich Zurich 5 Oxford,UK San Francisco(+1)6 San Francisco Copenhagen(+11)7 Tel Aviv Stockholm(+4)8 Los Angeles Tel Aviv(-1)9 Cambridge,UK Los Angeles(-1)10 Hong Kong Geneva(+8)11 Stockholm Busan(+4)12 Toronto Cambridge,UK(-3)13 Vancouver Hong Kong(-3)14 Boston Oxford,UK(-9)15 B

60、usan Washington DC(+8)Smart Centres Index 8 12 Technology Factors R Squared Fintech Activity Index 0.593 FinTech Index(GFCI)0.496 Smart City Index 0.408 Technological Infrastructure 0.363 Telecommunication Infrastructure Index 0.340 E-Government Development Index 0.277 Scientific Infrastructure 0.26

61、6 Creative Outputs 0.257 E-Participation Index 0.226 Blockchain activity 0.218 Table 5 shows the top 10 instrumental factors in terms of their correlation with the SCI ranking.This shows the impact of both finance and FinTech measures,but also the contribution of infrastructure,innovation,talent dev

62、elopment,wealth,and safe and effective governance on developing an innovation ecosystem.Table 5|Top 10 Instrumental Factors By R Squared Correlation Focusing only on the instrumental factors which relate to technology,the factors most closely correlated in terms of their R Squared relationship with

63、the SCI ratings are set out in Table 6.Table 6|Top 10 Technology Instrumental Factors By R Squared Correlation Instrumental Factor R Squared Fintech Activity Index 0.593 Urban Mobility Readiness Index 0.536 The Global Green Finance Index 0.516 The Global Financial Centres Index 0.510 Safe Cities Ind

64、ex 0.496 Fintech Index(GFCI)0.496 Global Innovation Index 0.484 Government Effectiveness 0.453 World Talent Rankings 0.426 Adjusted Net National Income Per Capita 0.421 Smart Centres Index 8 13 Commentary On Factors The SCI survey asks respondents to comment on factors that affect the development of

65、 technology and innovation in centres,and in particular regulation,taxation,and the availability of skills.The results are summarised in Table 7.Table 7|Commentary On Areas Of Competitiveness Area Of Competitiveness Number Of Mentions Main Themes Regulatory Environment 48 The regulatory environment

66、needs to encourage and incentivise the development of new technologies and applications.The regulatory environment needs to be friendly and regulators need to understand the stakeholder requirements well.Taxation 44 Taxation is rarely a major factor in investment decisions or for business location.I

67、nnovation investment can be encouraged through the tax system.The Availability Of Skills 41 Talent is migrating to places where there is demand,and people can see that they have a future.There is a shortage of technology and scientific skills across many economies.This can be addressed both by local

68、 incubation of talent,and by attracting talent from elsewhere.“Investment decisions are no more solely based on taxation.Taxation rates can vary but no investor will invest in a climate where there is over-regulation,or no dialogue with government and regulators.Comparisons need to be made between t

69、he regulatory approaches adopted by various jurisdictions,and between the incentives put in place by jurisdictions to attract talents and existing incentives,such as those offered in Mauritius.”DIRECTOR,PROFESSOINAL SERVICES FIRM,MAURITIUS Smart Centres Index 8 14 Centre-Top 15 Weighted Average Asse

70、ssment SCI 8 Rating SCI 8 Reputational Advantage Busan 850 697 153 San Francisco 851 711 140 Tel Aviv 836 707 129 Geneva 821 694 127 Copenhagen 816 695 121 Stockholm 809 701 108 Zurich 815 715 100 Oxford,UK 805 713 92 London 817 732 85 New York 810 727 83 Sydney 763 680 83 Brussels 765 686 79 Los An

71、geles 782 705 77 Vancouver 776 699 77 Singapore 792 717 75 Reputation We analyse the reputational advantage of centres by comparing the average assessment given in the survey to the overall SCI 8 rating.Centres with a high reputational advantage are perceived by respondents to the survey to be perfo

72、rming better than the underlying data may suggest and may need to pay attention to the strength of their underlying ecosystem.Those with a negative reputational advantage may need to market their strengths better to achieve a truer perception of their performance.The top 15 and lowest 15 centres on

73、this measure are shown in Tables 8 and 9.Table 8|Top 15 Centres By Reputational Advantage Centre-Lowest 15 Weighted Average Assessment SCI 8 Rating SCI 8 Reputational Advantage Warsaw 587 647-60 Istanbul 584 644-60 Tokyo 619 682-63 Cayman Islands 573 638-65 Chengdu 590 669-79 Mexico City 570 650-80

74、Johannesburg 554 651-97 Bahrain 541 639-98 Dublin 577 679-102 Isle of Man 537 641-104 Cape Town 552 657-105 Athens 547 654-107 Seoul 568 683-115 Bangkok 524 666-142 British Virgin Islands 450 615-165 Table 9|Lowest 15 Centres By Reputational Advantage Smart Centres Index 8 15 The SCI 8 World-Centres

75、 In The Index 4 14 22 8 6 2 9 13 67 23 11 28 19 12 54 66 60 56 59 26 1 5 74 57 38 33 71 See Detailed Map Below 20 25 53 24 47 65 62 50 18 17 49 45 40 58 77 48 Smart Centres Index 8 16 The numbers indicate the rank of each centre in SCI 8.An interactive map showing the data for each centre is at http

76、s:/ 10 3 70 36 32 27 76 69 41 27 75 46 61 55 72 7 34 31 35 16 52 51 15 29 68 37 43 73 64 44 39 21 42 63 Smart Centres Index 8 17 Regional Analysis In our analysis of the SCI data,we look at six regions of the world to explore centres strengths in technology and finance.Alongside the ranks and rating

77、s of centres,we investigate the average assessments received by regions and centres in more detail.We display this analysis in charts,which show:The mean assessment provided to that centre.The difference in the mean assessment when home region assessments are removed from the analysis.The difference

78、 between the mean and the assessments provided by respondents based in other regional centres.The proportion of assessments provided by each region.Chart 8 shows an example of this analysis.Coloured bars to the left of the vertical axis indicate that respondents from that region gave lower than aver

79、age assessments.Bars to the right indicate respondents from that region gave higher than average assessments.Assessments given to a centre by people based in that centre are excluded to remove home centre bias.The additional vertical axis(in red)shows the mean of assessments when assessments from th

80、e home region are removed.The percentage figure noted by each region indicates the percentage of the total number of assessments that are from that region.Chart 8|Example:Assessments Compared With The Mean For A Centre Smart Centres Index 8 18 North America All North American centres featured in SCI

81、 8 are in the top 25 in the world.Toronto improved its rank significantly in SCI 8.Only respondents from Western Europe and Eastern Europe&Central Asia score New York lower than the overall average.Table 10|North American Centres In SCI 8:Ranks And Ratings Centre SCI 8 SCI 7 Change In Rank Change In

82、 Rating Rank Rating Rank Rating New York 2 727 2 750 0 23 San Francisco 6 711 3 732 3 21 Los Angeles 8 705 8 718 0 13 Toronto 12 700 20 706 8 6 Vancouver 13 699 18 708 5 9 Boston 14 698 12 714 2 16 Seattle 20 692 11 715 9 23 Chicago 22 690 16 710 6 20 Washington DC 23 689 26 694 3 5 Table 11|North A

83、merican Centres In SCI 8:SCI Dimensions SCI 8 Dimensions Centre Innovation Support Creative Intensity Delivery Capability Rank Rating Rank Rating Rank Rating New York 2 244 1 246 2 237 San Francisco 6 236 4 241 6 233 Los Angeles 8 235 8 238 9 232 Toronto 17 232 12 236 9 232 Vancouver 8 235 13 235 16

84、 229 Boston 14 233 14 234 13 231 Seattle 17 232 20 232 20 228 Chicago 22 230 23 232 20 228 Washington DC 22 230 23 232 25 227 Smart Centres Index 8 19 Chart 9|New York Average Assessments Difference From The Mean Chart 10|San Francisco Average Assessments Difference From The Mean Smart Centres Index

85、 8 20 Asia/Pacific Singapore maintained its leading position in the region,with Hong Kong in second place.Both centres feature in the world top 10.Ten centres in the region maintained or improved their ranking.Respondents from Asia/Pacific and Latin America&The Caribbean rated Singapore lower than a

86、verage.Table 12|Top 15 Asia/Pacific Centres In SCI 8:Ranks And Ratings Centre SCI 8 SCI 7 Change In Rank Change In Rating Rank Rating Rank Rating Singapore 3 717 6 721 3 4 Hong Kong 10 702 10 716 0 14 Busan 15 697 19 707 4 10 Shenzhen 21 691 25 696 4 5 Shanghai 27 685 27 692 0 7 Seoul 29 683 28 691

87、1 8 Tokyo 30 682 22 704 8 22 Melbourne 31 681 39 672 8 9 Sydney 32 680 35 682 3 2 GIFT City-Gujarat 34 678 42 668 8 10 Beijing 36 676 34 683 2 7 Taipei 37 675 40 671 3 4 Guangzhou 41 671 37 679 4 8 Chengdu 43 669 46 661 3 8 Bangkok 46 666 36 680 10 14 Table 13|Top 15 Asia/Pacific Centres In SCI 8:SC

88、I Dimensions SCI 8 Dimensions Centre Innovation Support Creative Intensity Delivery Capability Rank Rating Rank Rating Rank Rating Singapore 3 240 5 240 3 237 Hong Kong 11 234 9 237 13 231 Busan 11 234 16 233 15 230 Shenzhen 33 227 11 237 26 227 Shanghai 40 226 19 233 29 227 Seoul 22 230 36 226 26 2

89、27 Tokyo 28 228 29 229 32 225 Melbourne 33 227 34 227 26 227 Sydney 33 227 38 225 20 228 GIFT City-Gujarat 28 228 41 224 30 226 Beijing 33 227 33 227 41 222 Taipei 27 229 28 230 58 216 Guangzhou 53 221 34 227 37 223 Chengdu 42 225 41 224 44 220 Bangkok 33 227 55 218 42 221 Smart Centres Index 8 21 C

90、hart 11|Singapore Average Assessments Difference From The Mean Chart 12|Hong Kong Average Assessments Difference From The Mean”The Chinese government singularly drives technology advances and their applications.”CHAIRMAN,INVESTMENT FIRM,SHANGHAI Smart Centres Index 8 22 Western Europe London takes t

91、he top position in the region,with Zurich,Oxford,Cambridge,and Stockholm also in the top 15.17 of the centres in the region retained or improved their ranking,reversing the trend from SCI 7,and with Paris up 17 rank places.Respondents from Western Europe and the Middle East&Africa rated London lower

92、 than average.Table 14|Top 15 Western European Centres In SCI 8:Ranks And Ratings Centre SCI 8 SCI 7 Change In Rating Change In Rank Rank Rating Rank Rating London 1 732 1 757 0 25 Zurich 4 715 4 725 0 10 Oxford,UK 5 713 7 719 2 6 Cambridge,UK 9 703 13 713 4 10 Stockholm 11 701 15 711 4 10 Copenhage

93、n 17 695 14 712 3 17 Geneva 18 694 23 703 5 9 Amsterdam 19 693 24 698 5 5 Berlin 24 688 32 686 8 2 Malta 25 687 17 709 8 22 Brussels 26 686 30 688 4 2 Luxembourg 28 684 33 685 5 1 Dublin 33 679 41 669 8 10 Paris 38 674 55 647 17 27 Gibraltar 40 672 45 664 5 8 Table 15|Top 15 Western European Centres

94、 In SCI 8:SCI Dimensions SCI 8 Dimensions Centre Innovation Support Creative Intensity Delivery Capability Rank Rating Rank Rating Rank Rating London 1 245 2 245 1 242 Zurich 4 239 3 243 6 233 Oxford,UK 5 238 5 240 4 234 Cambridge,UK 7 236 16 233 4 234 Stockholm 20 231 9 237 8 233 Copenhagen 11 234

95、20 232 16 229 Geneva 14 233 16 233 20 228 Amsterdam 17 232 20 232 19 229 Berlin 20 231 29 229 20 228 Malta 47 224 25 231 9 232 Brussels 22 230 26 231 31 225 Luxembourg 28 228 26 231 32 225 Dublin 33 227 29 229 37 223 Paris 28 228 46 222 34 224 Gibraltar 33 227 41 224 42 221 Smart Centres Index 8 23

96、Chart 13|London Average Assessments Difference From The Mean Chart 14|Zurich Average Assessments Difference From The Mean“Trust and the regulatory environment is vital for the enhancement of the financial services and those countries who do well in future will have to have trusted systems and politi

97、cal stability too.Dubai does provide this very well as we see it.”OWNER,INVESTMENT FUND,MAURITIUS Smart Centres Index 8 24 Middle East&Africa Tel Aviv continues to lead the region,with Dubai in second place.Both centres improved in the ranking.Mauritius entered the index for the first time,taking 63

98、rd place overall.Respondents from Asia/Pacific,North America and the Middle East&Africa score Tel Aviv higher than average.Table 16|Middle Eastern&African Centres In SCI 8:Ranks And Ratings Centre SCI 8 SCI 7 Change In Rating Change In Rank Rank Rating Rank Rating Tel Aviv 7 707 9 717 2 10 Dubai 16

99、696 21 705 5 9 Abu Dhabi 35 677 31 687 4 10 Doha 39 673 29 690 10 17 Cape Town 55 657 50 655 5 2 Johannesburg 61 651 58 640 3 11 Mauritius 63 649 New New New New Riyadh 64 648 57 645 7 3 Bahrain 73 639 60 636 13 3 Table 17|Middle Eastern&African Centres In SCI 8:SCI Dimensions SCI 8 Dimensions Centr

100、e Innovation Support Creative Intensity Delivery Capability Rank Rating Rank Rating Rank Rating Tel Aviv 8 235 7 240 9 232 Dubai 14 233 14 234 16 229 Abu Dhabi 42 225 32 228 34 224 Doha 42 225 41 224 34 224 Cape Town 53 221 55 218 54 218 Johannesburg 49 223 73 209 46 219 Mauritius 67 218 64 213 54 2

101、18 Riyadh 73 214 55 218 58 216 Bahrain 67 218 76 207 67 214 Chart 15|Tel Aviv Average Assessments Difference From The Mean Smart Centres Index 8 25 Chart 16|Dubai Average Assessments Difference From The Mean Eastern Europe&Central Asia Cyprus entered the index for the first time,taking first place i

102、n the region.A positive view of Cyprus was particularly apparent from respondents in the Middle East&Africa.Astana rose 9 rank places to take second place in the region,with Budapest and Athens improving over 10 places.Respondents from the Middle East&Africa also ranked Astana higher than the global

103、 average.Table 18|Eastern European&Central Asian Centres In SCI 8:Ranks And Ratings Centre SCI 8 SCI 7 Change In Change In Rank Rating Rank Rating Rank Rating Cyprus 42 670 New New New New Astana 44 668 53 652 9 16 Tallinn 48 664 44 666 4 2 Prague 49 663 48 657 1 6 Budapest 50 662 63 630 13 32 Sofia

104、 53 659 43 667 10 8 Athens 58 654 70 612 12 42 Warsaw 65 647 69 614 4 33 Istanbul 68 644 59 639 9 5 Moscow 72 640 67 618 5 22 Smart Centres Index 8 26 Table 19|Eastern European&Central Asian Centres In SCI 8:SCI Dimensions SCI 8 Dimensions Centre Innovation Support Creative Intensity Delivery Capabi

105、lity Rank Rating Rank Rating Rank Rating Cyprus 42 225 45 223 40 222 Astana 28 228 48 221 46 219 Tallinn 42 225 52 219 44 220 Prague 40 226 61 214 37 223 Budapest 22 230 63 214 53 218 Sofia 71 215 38 225 46 219 Athens 47 224 60 215 63 215 Warsaw 53 221 64 213 70 213 Istanbul 69 217 64 213 67 214 Mos

106、cow 75 213 70 211 58 216 Chart 17|Cyprus Average Assessments Difference From The Mean Chart 18|Astana Average Assessments Difference From The Mean Smart Centres Index 8 27 Latin America&The Caribbean Mexico City held on to its lead in the region and rose six rank places.Cayman Islands fell in the ra

107、nking and British Virgin Islands entered the index for the first time.Mexico City was rated highly by respondents from Western Europe and very much higher than average by those from Eastern Europe&Central Asia and the Middle East&Africa.Table 20|Latin America&The Caribbean Centres In SCI 8:Ranks And

108、 Ratings Centre SCI 8 SCI 7 Change In Change In Rank Rating Rank Rating Rank Rating Mexico City 62 650 68 617 6 33 Cayman Islands 74 638 72 609 2 29 British Virgin Islands 77 615 New New New New Table 21|Latin America&The Caribbean Centres In SCI 8:SCI Dimensions SCI 8 Dimensions Centre Innovation S

109、upport Creative Intensity Delivery Capability Rank Rating Rank Rating Rank Rating Mexico City 53 221 72 210 46 219 Cayman Islands 70 216 73 209 70 213 British Virgin Islands 76 212 77 201 77 202 Chart 19|Mexico City Average Assessments Difference From The Mean Chart 20|Cayman Islands Average Assessm

110、ents Difference From The Mean Smart Centres Index 8 28 Appendix 1:Assessment Details Table 22|Details Of SCI Assessments By Centre Centre SCI 8 Rank SCI 8 Rating Assessments Number Average St.Dev London 1 732 72 826 188 New York 2 727 73 819 182 Singapore 3 717 59 794 178 Zurich 4 715 34 813 182 Oxf

111、ord,UK 5 713 12 789 232 San Francisco 6 711 24 849 168 Tel Aviv 7 707 19 842 148 Los Angeles 8 705 21 790 183 Cambridge,UK 9 703 24 753 231 Hong Kong 10 702 57 701 207 Stockholm 11 701 12 811 106 Toronto 12 700 18 767 126 Vancouver 13 699 12 778 92 Boston 14 698 23 704 249 Busan 15 697 43 846 221 Du

112、bai 16 696 79 725 212 Copenhagen 17 695 9 819 110 Geneva 18 694 19 809 167 Amsterdam 19 693 32 728 229 Seattle 20 692 7 771 121 Shenzhen 21 691 10 733 184 Chicago 22 690 18 737 191 Washington DC 23 689 12 733 207 Berlin 24 688 29 707 231 Malta 25 687 11 697 143 Brussels 26 686 8 763 122 Shanghai 27

113、685 26 710 206 Luxembourg 28 684 29 709 208 Seoul 29 683 34 591 280 Tokyo 30 682 31 639 295 Melbourne 31 681 5 713 170 Sydney 32 680 11 758 145 Dublin 33 679 20 572 306 GIFT City-34 678 10 660 164 Abu Dhabi 35 677 35 679 232 Beijing 36 676 38 675 191 Taipei 37 675 7 652 257 Paris 38 674 28 642 237 C

114、entre SCI 8 Rank SCI 8 Rating Assessments Number Average St.Dev Doha 39 673 14 671 198 Gibraltar 40 672 12 686 218 Guangzhou 41 671 7 686 132 Cyprus 42 670 15 627 203 Chengdu 43 669 6 606 192 Astana 44 668 11 658 172 Hamburg 45 667 7 648 180 Bangkok 46 666 12 544 230 Vienna 47 665 9 711 126 Tallinn

115、48 664 11 630 185 Prague 49 663 13 631 147 Budapest 50 662 11 648 154 Osaka 51 661 18 635 236 Tianjin 52 660 7 614 68 Sofia 53 659 6 628 137 Edinburgh 54 658 14 681 175 Cape Town 55 657 17 553 226 Madrid 56 656 11 655 174 Guernsey 57 655 10 627 269 Athens 58 654 9 530 215 Frankfurt 59 653 25 672 236

116、 Munich 60 652 11 667 172 Johannesburg 61 651 21 557 239 Mexico City 62 650 11 579 213 Mauritius 63 649 17 686 212 Riyadh 64 648 6 633 160 Warsaw 65 647 18 593 161 Milan 66 646 10 697 192 Rome 67 645 5 713 84 Istanbul 68 644 8 621 125 Mumbai 69 643 17 622 196 Kuala Lumpur 70 642 9 611 142 Isle of Ma

117、n 71 641 14 521 282 Moscow 72 640 17 582 248 Bahrain 73 639 10 587 148 Cayman Islands 74 638 25 571 245 Manila 75 637 6 661 199 New Delhi 76 636 9 663 106 British Virgin Islands 77 615 16 442 168 Smart Centres Index 8 29 Table 23|Details Of Assessments Of SCI Dimensions By Centre Centre SCI Dimensio

118、ns Innovation Support Creative Intensity Delivery Capability Average St.Dev Average St.Dev Average St.Dev London 832 187 826 182 821 197 New York 832 188 826 174 800 183 Singapore 802 165 788 189 793 181 Zurich 847 169 803 195 788 182 Oxford,UK 792 254 775 242 800 200 San Francisco 829 233 879 110 8

119、38 161 Tel Aviv 853 139 821 155 853 150 Los Angeles 795 183 786 206 790 161 Cambridge,UK 771 227 729 229 758 236 Hong Kong 702 207 711 204 691 211 Stockholm 817 103 808 116 808 100 Toronto 750 115 761 154 789 108 Vancouver 792 90 775 97 767 89 Boston 700 270 700 237 713 240 Busan 853 220 842 224 842

120、 218 Dubai 733 209 729 212 713 215 Copenhagen 867 71 767 150 822 109 Geneva 842 171 789 179 795 151 Amsterdam 741 218 725 233 719 236 Seattle 771 111 771 125 771 125 Shenzhen 690 191 790 152 720 210 Chicago 750 169 728 202 733 203 Washington DC 758 211 742 207 700 204 Berlin 738 254 676 229 707 210

121、Malta 700 155 673 101 718 172 Brussels 763 141 763 151 763 74 Shanghai 712 188 715 219 704 211 Luxembourg 734 214 700 202 693 207 Seoul 585 288 588 275 600 275 Tokyo 635 294 639 311 642 280 Melbourne 740 152 720 179 680 179 Sydney 791 145 727 162 755 129 Dublin 590 316 600 287 525 316 GIFT City-Guja

122、rat 670 200 620 162 690 129 Abu Dhabi 674 243 689 240 674 212 Beijing 661 202 684 195 679 176 Taipei 686 241 657 257 614 273 Paris 657 227 643 238 625 247 Smart Centres Index 8 30 Centre SCI Dimensions Innovation Support Creative Intensity Delivery Capability Average St.Dev Average St.Dev Average St

123、.Dev Doha 679 181 664 224 671 190 Gibraltar 717 204 650 228 692 223 Guangzhou 614 273 686 69 757 53 Cyprus 633 216 613 207 633 188 Chengdu 583 240 650 152 583 183 Astana 745 137 636 157 591 221 Hamburg 643 223 671 180 629 138 Bangkok 525 256 550 247 558 188 Vienna 744 151 689 105 700 122 Tallinn 636

124、 211 645 186 609 158 Prague 638 189 608 138 646 113 Budapest 691 202 636 143 618 117 Osaka 650 220 633 233 622 256 Tianjin 600 58 586 69 657 79 Sofia 633 175 617 133 633 103 Edinburgh 693 216 664 174 686 135 Cape Town 547 227 541 243 571 208 Madrid 655 186 655 151 655 186 Guernsey 640 272 650 259 59

125、0 277 Athens 578 249 489 190 522 205 Frankfurt 708 222 648 235 660 252 Munich 664 201 691 151 645 163 Johannesburg 586 250 533 242 552 227 Mexico City 564 262 582 227 591 151 Mauritius 735 180 647 235 676 222 Riyadh 650 138 600 167 650 176 Warsaw 617 154 589 181 572 149 Milan 710 238 720 187 660 151

126、 Rome 760 55 720 84 660 114 Istanbul 588 146 663 106 613 125 Mumbai 629 186 618 210 618 191 Kuala Lumpur 556 113 656 174 622 139 Isle of Man 557 241 507 295 500 311 Moscow 600 262 565 242 582 240 Bahrain 580 140 590 152 590 152 Cayman Islands 568 238 564 253 580 243 Manila 550 207 750 217 683 172 Ne

127、w Delhi 633 100 678 109 678 109 British Virgin Islands 494 157 406 165 425 181 Table 23(Continued)|Details Of Assessments Of SCI Dimensions By Centre Smart Centres Index 8 31 Appendix 2:Respondents Details Industry Sector Number Of Respondents Percentage Of Respondents Banking 15 6%Debt Capital Mark

128、ets 3 1%Equity Capital Markets 3 1%Insurance 4 2%Investment Management 45 19%Knowledge 23 10%Policy and Public Finance 29 13%Professional Services 44 19%Technology 47 20%Trading 8 3%Not Specified 11 5%Total 232 100%Region Number Of Respondents Percentage Of Respondents Western Europe 50 22%Asia/Paci

129、fic 77 33%North America 16 7%Middle East&Africa 62 27%Eastern Europe&Central Asia 20 9%Latin America&the 2 1%Multi-Regional 5 2%Total 232 100%Table 24|Respondents By Industry Sector Table 25|Respondents By Region Table 26|Respondents By Size Of Organisation Size Of Organisation Number Of Respondents

130、 Percentage Of Respondents Fewer than 50 113 49%50 to 100 32 14%100 to 500 25 11%500 to 1,000 15 6%1,000 to 2,000 14 6%2,000 to 5,000 12 5%More than 5,000 21 9%Not Specified 0 0%Total 232 100%Smart Centres Index 8 32 Appendix 3:Methodology The SCI provides ratings for the innovation and technology o

131、fferings of commercial and financial centres.The process involves taking two sets of ratings one from survey respondents and one generated by a statistical model and combining them into a single rating.For the first set of ratings,the Centre Assessments,respondents use an online questionnaire to rat

132、e three dimensions:Innovation Support-the approach taken to regulation and support for the innovation and technology industry provided by the commercial ecosystem.Creative Intensity-the extent to which technology and innovative industries are embedded in the economy of the centre.Delivery Capability

133、-the quality of the work being undertaken in the field in the centre.Ratings are given using a 10 point scale ranging from very poor to excellent.Responses are sought from a range of individuals drawn from the financial services and technology sectors,non-governmental organisations,regulators,univer

134、sities,and trade bodies.For the second set of ratings,we use a database of indicators,or Instrumental Factors,that contain quantitative data about each centre.We use a machine learning algorithm to investigate the correlation between the financial centre assessments and these Instrumental Factors to

135、 predict how each respondent would have rated the centres they do not know.These 135 Instrumental Factors draw on data from a range of sources.A full list of the Instrumental Factors used in the model is in Appendix 4.The respondents actual ratings,as well as their predicted ratings for the centres

136、they did not rate,are then combined into a single table to produce ratings for each dimension.These are then added together,using equal weighting,to create the SCI rating.Factors Affecting The Inclusion Of Centres In The SCI The questionnaire lists a total of 131 commercial and financial centres whi

137、ch can be rated by respondents.The questionnaire also asks whether there are centres not currently in the survey that will become significant over the next two to three years.Centres which are not currently within the questionnaire and which are mentioned repeatedly in response to this question will

138、 be added to the questionnaire for future editions.We give a centre a SCI rating and ranking if it receives a statistically significant minimum number of assessments from individuals based in other geographical locations-at least 10 in SCI 8.This means that not all 131 centres in the questionnaire r

139、eceive a ranking.We will keep this number under review for further editions of the index as the number of assessments increases.We will also develop rules as successive indices are published as to when a centre may be removed from the ranking,for example,if over a 24 month period,a centre has not re

140、ceived a minimum number of assessments.Smart Centres Index 8 33 Centre Assessments Centre assessments are collected via an online questionnaire which runs continuously and is at link to this questionnaire is emailed to a target list of respondents at regular intervals.Other interested parties can co

141、mplete the questionnaire by following the link above.In calculating the SCI:The score given by a respondent to their home centre,and scores from respondents who do not specify a home centre,are excluded from the model this is designed to prevent home centre bias.Financial centre assessments are incl

142、uded in the SCI model for 24 months after they have been received we consider this is a period during which assessments maintain their validity.Financial centre assessments from the month when the SCI is created are given full weighting with earlier responses given a reduced weighting on a logarithm

143、ic scale as shown in Chart 21-this recognises that older ratings,while still valid,are less likely to be up-to-date.Chart 21|Reduction In Weighting As Assessments Become Older Smart Centres Index 8 34 Instrumental Factor Data For the instrumental factors,we have the following data requirements:Data

144、series should come from a reputable body and be derived by a sound methodology.Data series should be readily available(ideally in the public domain)and be regularly updated.The rules on the use of instrumental factor data in the model are as follows:Updates to the indices are collected and collated

145、every six months.No weightings are applied to indices.Indices are entered into the SCI model as directly as possible,whether this is a rank,a derived score,a value,a distribution around a mean,or a distribution around a benchmark.If a factor is at a national level,the score will be used for all cent

146、res in that country;nation-based factors will be avoided if centre(city)-based factors are available.If an index has multiple values for a city or nation,the most relevant value is used.If an index is at a regional level,the most relevant allocation of scores to each centre is made(and the method fo

147、r judging relevance is noted).If an index does not contain a value for a particular centre,a blank is entered against that centre(no average or mean is used).The process of creating the SCI is outlined in Chart 22.Chart 22|The SCI Process Smart Centres Index 8 35 Appendix 4:Instrumental Factors Tabl

148、e 27|Instrumental Factor Correlation With SCI Ratings-Highest 30 Factors Instrumental Factors R-squared Fintech Activity Index 0.593 Urban Mobility Readiness Index 0.536 The Global Green Finance Index 0.516 The Global Financial Centre Index 0.510 Safe Cities Index 0.496 Fintech Index(GFCI)0.496 Glob

149、al Innovation Index 0.484 Government Effectiveness 0.453 World Talent Rankings 0.426 Adjusted Net National Income Per Capita 0.421 Best Countries for Business 0.417 Smart City Index 0.408 Corruption Perception Index 0.381 OECD Country Risk Classification 0.374 Rule Of Law 0.371 World Competitiveness

150、 Scoreboard 0.369 Technological Infrastructure 0.363 Control Of Corruption 0.352 Global Power City Index 0.348 Legatum Prosperity Index 0.345 Telecommunication Infrastructure Index 0.340 Business Environment Rankings 0.335 Innovation Cities Global Index 0.332 Household Net Financial Wealth 0.326 Sus

151、tainable Economic Development 0.308 Domestic Credit To Private Sector(%Of GDP)0.307 Regulatory Quality 0.298 International IP Index 0.295 JLL Real Estate Transparency Index 0.286 Quality of Roads 0.279 Smart Centres Index 8 36 Instrumental Factor Source Website Updated Since SCI 7 Y/N E-Government D

152、evelopment Index United Nations https:/publicadministration.un.org/egovkb/Data-Center N UN International Sale Of Goods United Nations https:/treaties.un.org/pages/ViewDetails.aspx?N Iso TC307 Participation International Organisation For Standardisation https:/www.iso.org/committee/6266604.html?view=

153、participation Y Internet Censorship Rank comparitech https:/ Volume Of Bitcoin Trades Coin Dance https:/coin.dance/volume/localbitcoins Y Legal Status Of Bitcoin Coin Dance https:/coin.dance/poli/legality Y Global AI Index Tortoise Intelligence https:/ Y E-Participation Index United Nations https:/p

154、ublicadministration.un.org/egovkb/Data-Center N Fintech Index(GFCI)Z/Yen https:/ The Global Fintech Index Findexable https:/ Global Cybersecurity Index ITU http:/www.itu.int/en/ITU-D/Cybersecurity/Pages/GCI.aspx N Telecommunication Infrastructure Index United Nations https:/publicadministration.un.o

155、rg/egovkb/en-us/Data-Center N Worldwide Broadband Speed League Cable https:/www.cable.co.uk/broadband/speed/worldwide-speed-N Smart City Index IMD https:/www.imd.org/smart-city-observatory/smart-city-index/N Patent Applications,Residents The World Bank https:/data.worldbank.org/indicator/IP.PAT.RESD

156、?end=2020&start=1980 N Fintech Activity Index World Bank https:/documents.worldbank.org/en/publication/documents-reports/documentdetail/099735504212234006/p1730060695b370090908c0bf80ed27eba6 N Global Crypto Ranking Coincub https:/ Global Crypto Adoption Index Chainanalysis https:/ New Blockchain Pat

157、ents By Country Coincub https:/ Technological Infrastructure IMD https:/imd.cld.bz/IMD-World-Competitiveness-Booklet-2023 New Scientific Infrastructure IMD https:/imd.cld.bz/IMD-World-Competitiveness-Booklet-2023 New Knowledge And Technology Outputs WIPO https:/www.wipo.int/global_innovation_index/e

158、n/2023/New Creative Outputs WIPO https:/www.wipo.int/global_innovation_index/en/2023/New Blockchain Activity Blockspot.io https:/blockspot.io/country/New Table 28|Technology Factors Smart Centres Index 8 37 Instrumental Factor Source Website Updated Since SCI 7 Y/N Capitalisation Of Stock Exchanges

159、The World Federation of Stock Exchanges https:/focus.world-exchanges.org/issue/april-2023 Y Value Of Share Trading The World Federation of Stock Exchanges https:/focus.world-exchanges.org/issue/april-2023 Y Volume Of Share Trading The World Federation of Stock Exchanges https:/statistics.world-excha

160、nges.org/ReportGenerator/Generator#Y Broad Stock Index Levels The World Federation of Stock Exchanges https:/focus.world-exchanges.org/issue/april-2023 Y Value Of Bond Trading The World Federation of Stock Exchanges https:/statistics.world-exchanges.org/ReportGenerator/Generator#Y Domestic Credit To

161、 Private Sector(%Of GDP)The World Bank https:/data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS?most_recent_value_desc=false Y Percentage Of Firms Using Banks To Finance Investment The World Bank http:/databank.worldbank.org/data/reports.aspx?source=world-development-indicators&series=IC.FRM.BNKS.ZS N

162、Total Net Assets Of Regulated Open-End Funds Investment Company Institute http:/www.icifactbook.org/Y Islamic Finance Country Index Islamic Banks and Financial Institutions http:/ N Net External Positions Of Banks The Bank for International Settlements http:/www.bis.org/statistics/annex_map.htm Y Ex

163、ternal Positions Of Central Banks As A Share Of GDP The Bank for International Settlements http:/www.bis.org/statistics/annex_map.htm Y Liner Shipping Connectivity Index The World Bank http:/databank.worldbank.org/data/reports.aspx?source=2&series=IS.SHP.GCNW.XQ Y Global Connectedness Index DHL http

164、s:/ Y Economic Performance Index The Brookings Institution https:/www.brookings.edu/research/global-metro-monitor-2018/#rank N Sustainable Stock Exchanges(Y/N)UN Sustainable Stock Exchange Initiative https:/sseinitiative.org/members/Y Green Bond Segments On Stock Exchanges(Y/N)CBI https:/ N The Glob

165、al Green Finance Index Z/Yen https:/ The Global Financial Centres Index Z/Yen https:/ Sovereign Green Bond(Y/N)Climate Bonds initiative https:/ N Table 29|Financial Sector Development Factors Smart Centres Index 8 38 Table 30|Human Capital Factors Instrumental Factor Source Website Updated Since SCI

166、 7 Y/N Graduates In Social Science,Business And Law(As%Of Total Graduates)The World Bank http:/databank.worldbank.org/data/reports.aspx?source=Education%20Statistics&series=UIS.FOSGP.5T8.F400 N Gross Tertiary Graduation Ratio The World Bank http:/databank.worldbank.org/data/reports.aspx?source=Educa

167、tion%20Statistics&series=SE.TER.CMPL.ZS N Henley Passport Index Henley Partners https:/ N Human Development Index UN Development Programme https:/hdr.undp.org/content/human-development-report-2021-22 N Purchasing Power Index Numbeo https:/ Y Number Of High Net Worth Individuals Capgemini https:/ Hom

168、icide Rates UN Office of Drugs&Crime https:/dataunodc.un.org/content/data/homicide/homicide-rate Y Average Precipitation In Depth(mm Per Year)The World Bank http:/databank.worldbank.org/data/reports.aspx?source=world-development-indicators&series=AG.LND.PRCP.MM N Global Skills Index Coursera https:/

169、www.coursera.org/skills-reports/global New Linguistic Diversity Ethnologue https:/ N Global Terrorism Index Institute for Economics&Peace https:/www.visionofhumanity.org/wp-content/uploads/2022/03/GTI-2022-web-09062022.pdf N World Talent Rankings IMD https:/www.imd.org/centers/world-competitiveness-

170、center/rankings/world-competitiveness/N Adjusted Net National Income Per Capita The World Bank https:/data.worldbank.org/indicator/NY.ADJ.NNTY.PC.CD Y Household Net Financial Wealth OECD https:/stats.oecd.org/Index.aspx?DataSetCode=BLI N Educational Attainment,At Least Bachelors Or Equivalent,Popula

171、tion 25+,Total(%)The World Bank https:/data.worldbank.org/indicator/SE.TER.CUAT.BA.ZS N Life Expectancy At Birth,Total The World Bank https:/data.worldbank.org/indicator/SP.DYN.LE00.IN N Employees Working Very Long Hours OECD https:/stats.oecd.org/Index.aspx?DataSetCode=BLI N Human Freedom Index Cat

172、o Institute https:/www.cato.org/human-freedom-index Y Global Health Security Index Nuclear Threat Initiative,Johns Hopkins Center for Health Security,and Economist Impact https:/www.ghsindex.org/N English Proficiency Education First https:/ Smart Centres Index 8 39 Instrumental Factor Source Website

173、 Updated Since SCI 7 Y/N Business Environment Rankings EIU http:/ Y Operational Risk Rating EIU http:/ N Real Interest Rate The World Bank https:/databank.worldbank.org/reports.aspx?source=world-N Global Services Location AT Kearney https:/ Corruption Perception Index Transparency International http

174、s:/www.transparency.org/en/cpi/2022 Y Corporate Tax Rates KPMG https:/home.kpmg/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/corporate-tax-rates-table.html N Personal Tax Rates OECD https:/stats.oecd.org/index.aspx?DataSetCode=TABLE_I6 Y Tax Revenue As Percentage Of GDP The World

175、 Bank https:/databank.worldbank.org/reports.aspx?source=2&series=GC.TAX.TOTL.GD.ZS&country=#N Bilateral Tax Information Exchange Agreements OECD http:/www.oecd.org/ctp/exchange-of-tax-information/taxinformationexchangeagreementstieas.htm N Economic Freedom Of The World Fraser Institute https:/www.fr

176、aserinstitute.org/economic-freedom/map?geozone=world&page=map&year=2019 N Government Debt As%Of GDP IMF https:/www.imf.org/external/datamapper/N OECD Country Risk Classification OECD http:/www.oecd.org/trade/topics/export-credits/documents/Y Global Peace Index Institute for Economics&Peace https:/ww

177、w.visionofhumanity.org/maps/#/Y Financial Secrecy Index Tax Justice Network http:/ Government Effectiveness The World Bank http:/info.worldbank.org/governance/wgi/N Open Government World Justice Project http:/worldjusticeproject.org/rule-of-law-index N Regulatory Enforcement World Justice Project ht

178、tp:/worldjusticeproject.org/rule-of-law-index N Press Freedom Index Reporters Without Borders(RSF)https:/rsf.org/en/index?year=2023 Y Currencies Swiss Association for Standardization(SNV)https:/www.six- N Commonwealth Countries The Commonwealth http:/thecommonwealth.org/member-countries N Common Law

179、 Countries CIA https:/www.cia.gov/the-world-factbook/countries/N Inflation,GDP Deflator The World Bank https:/data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG Y Rule Of Law The World Bank http:/info.worldbank.org/governance/wgi/N Political Stability And Absence Of Violence/Terrorism The World Bank htt

180、p:/info.worldbank.org/governance/wgi/N Regulatory Quality The World Bank http:/info.worldbank.org/governance/wgi/N Control Of Corruption The World Bank http:/info.worldbank.org/governance/wgi/N Best Countries For Business Forbes https:/ Table 31|Business Environment Factors Smart Centres Index 8 40

181、Table 32|Reputational Factors Table 31|(Continued)Business Environment Factors Instrumental Factor Source Website Updated Since SCI 7 Y/N Open Budget Survey International Budget Partnership http:/survey.internationalbudget.org/#download N Refined Oil Products Production Enerdata Statistical Yearbook

182、 https:/ Global Business Complexity Index TMF Group https:/www.tmf- Instrumental Factor Source Website Updated Since SCI 7 Y/N World Competitiveness Scoreboard IMD https:/www.imd.org/centers/wcc/world-competitiveness-center/rankings/world-competitiveness-ranking/2023/Y Global Competitiveness Index W

183、orld Economic Forum http:/reports.weforum.org/global-competitiveness-report-2019/competitiveness-rankings/N Foreign Direct Investment Inflows UNCTAD http:/unctadstat.unctad.org/wds/TableViewer/tableView.aspx?ReportId=96740 N GDP Per Person Employed(Constant 2017 PPP$)The World Bank https:/databank.w

184、orldbank.org/reports.aspx?source=world-development-indicators&series=SL.GDP.PCAP.EM.KD N Global Innovation Index WIPO http:/www.globalinnovationindex.org/content.aspx?page=GII-Home N International IP Index US Chamber of Commerce https:/ Y RPI(%Change On Year Ago)The Economist https:/ Y Number Of Int

185、ernational Association Meetings World Economic Forum http:/reports.weforum.org/travel-and-tourism-competitiveness-report-2019/rankings/#series=NRFAIREX N Innovation Cities Global Index 2ThinkNow Innovation Cities https:/innovation- Big Mac Index The Economist https:/ Y Sustainable Economic Developme

186、nt Boston Consulting Group https:/ N Level Of Internet Freedom Freedom House https:/freedomhouse.org/countries/freedom-net/scores N Good Country Index Good Country Party https:/www.goodcountry.org/index/results N Legatum Prosperity Index Legatum Institute http:/ N FDI Inward Stock(In Million Dollars

187、)UNCTAD https:/unctad.org/publication/world-investment-report-2023 N Quality Of Nationality Index Henley Partners https:/ Global Power City Index The Mori Memorial Foundation http:/mori-m-foundation.or.jp/english/ius2/gpci2/index.shtml N Economic Freedom The Heritage Foundation https:/www.heritage.o

188、rg/index/ranking Y Safe Cities Index Economist https:/ The Global Green Economy Index Dual Citizen https:/ Smart Centres Index 8 41 Table 33|Infrastructure Factors Instrumental Factor Source Website Updated Since SCI 7 Y/N Agility Emerging Markets Logistics Index Agility https:/ JLL Real Estate Tran

189、sparency Index Jones Lang LaSalle https:/www.jll.co.uk/en/trends-and-insights/research/global-real-estate-transparency-index N Quality Of Domestic Transport Network World Economic Forum http:/reports.weforum.org/travel-and-tourism-competitiveness-report-2019/rankings/#series=TRSPEFFICY N Quality Of

190、Roads World Economic Forum http:/reports.weforum.org/travel-and-tourism-competitiveness-report-2019/rankings/#series=EOSQ057 N Roadways Per Land Area CIA https:/www.cia.gov/the-world-factbook/field/roadways/country-comparison N Railways Per Land Area CIA https:/www.cia.gov/the-world-factbook/field/r

191、ailways/country-comparison Protected Land Area%Of Land Area The World Bank http:/databank.worldbank.org/data/reports.aspx?source=2&series=ER.LND.PTLD.ZS&country=Y Energy Sustainability Index World Energy Council https:/trilemma.worldenergy.org/N Environmental Performance Index Yale University https:

192、/epi.yale.edu/epi-results/2020/component/epi N Global Sustainable Competitiveness Index Solability http:/ N Logistics Performance Index The World Bank http:/lpi.worldbank.org/international/global Y Proportion Of Population Using Safely-Managed Drinking-Water Services(%)WHO https:/www.who.int/data/gh

193、o/publications/world-health-statistics N INRIX Traffic Scorecard INRIX http:/ Forestry Area World Bank http:/databank.worldbank.org/data/reports.aspx?source=2&series=AG.LND.FRST.ZS&country=N CO2 Emissions Per Capita World Bank https:/databank.worldbank.org/reports.aspx?source=2&series=EN.ATM.CO2E.PC

194、&country=#N 4G Availability Open Signal https:/ N Share Of Wind And Solar In Electricity Production Enerdata Statistical Yearbook https:/ Energy Intensity Of GDP Enerdata Statistical Yearbook https:/ Share Of Renewables In Electricity Production Enerdata Statistical Yearbook https:/ Energy Transitio

195、n Index World Economic Forum https:/www.weforum.org/reports/1edb4488-deb4-4151-9d4f-ff355eec499a/in-full/rankings N Urban Mobility Readiness Index Oliver Wyman https:/ N The Green Future Index MIT Technology Review https:/ Smart Centres Index 8 42 Vantage Financial Centres is an exclusive network of

196、 financial centres around the world looking for a deeper understanding of financial centre competitiveness.Members receive enhanced access to SCI GFCI and GGFI data,marketing opportunities,and training for centres seeking to enhance their profile and reputation.AIFC is an all-around financial centre

197、 located in Nur-Sultan,the capital of Kazakhstan,which offers ample opportunities for businesses to grow.AIFC provides greater access to world-class capital markets and the asset management industry.It also promotes financial technology and drives the development of niche markets such as Islamic and

198、 green finance in the region.AIFC provides unprecedented conditions and opportunities for its participants and investors:legal system based on the principles of English law,independent judicial system,regulatory framework consistent with internationally recognised standards,wide range of financial s

199、ervices and instruments,simplified visa and labour regimes,zero corporate tax rate,and English as a working language.Located in the heart of Eurasia,AIFC is striving to become the gateway to the Eurasian Economic Union,Central Asia and Caucasus,and play a key role in the Belt and Road Initiative.AIF

200、C is already gaining tremendous recognition as a leading financial hub in the region:recently,Asiamoney Awards recognised it as the best Belt and Road Initiative project of 2019.Daniyar Kelbetov at d.kelbetovaifc.kz www.aifc.kz Seoul is a rising star among the financial cities of the world.It is alr

201、eady one of the top 10 cities in the world based on various indices,and it has many more opportunities to offer as a financial hub and great growth potential.Seoul believes global financial companies are our true partners for growth.There are many incentives provided to global financial companies th

202、at enter into Seoul,such as the financial incentives provided when moving into IFC,so that we can all jointly work towards the growth and development of the financial market.It is sure that Seoul will become a top star of global financial hubs in the near future!Pay close attention to Seouls potenti

203、als and pre-emptively gain a foothold in the Seoul financial hub.Seoul is the gateway to Northeast Asia and the world.Jiyeon Lee at jiyeon.leeseoul.go.kr www.seoul.go.kr/main/index.jsp Since 2009 Busan Metropolitan City has been developing a financial hub specialising in maritime finance and derivat

204、ives.With its strategic location in the center of the southeast economic block of Korea and the crossroads of a global logistics route,Busan envisions growing into an international financial city in Northeast Asia.Busan Finance Center(BFC)will continue to develop and implement measures to promote Bu

205、san as a financial hub and bolster the local financial industry,while working together with various local economic players to pursue sustainable growth of the financial sector including FinTech.These efforts will enable BFC to play a leading role in taking Busan to the next level and become the inte

206、rnational financial center and maritime capital of Northeast Asia.BFC offers an attractive incentive package to global financial leaders and cooperation network of Busan Metropolitan City,and Busan Finance Center will support you to identify opportunities in Busan,one of the fastest developing citie

207、s in Asia.infokbfc.or.kr www.kbfc.or.kr/eng/Supported by the industry,the Financial Services Development Council(FSDC)is a high-level,cross-sectoral advisory body to the Hong Kong Special Administrative Region Government.FSDC formulates proposals to promote the further development of Hong Kongs fina

208、ncial services industry and to map out the strategic direction for the development.As of March 2020,110 of the 137 policy recommendations had been adopted by the Government and relevant regulators since FSDCs inception in 2013.On top of research,FSDC also carries out market promotion and human capit

209、al development functions.Among others,FSDC focuses on topics including Mainland and international connectivity,green and sustainable finance,FinTech,as well as asset and wealth management.enquiryfsdc.org.hk https:/www.fsdc.org.hk/en Smart Centres Index 8 43 Please find out more at: or by contacting

210、Mike Wardle at mike_ Finance Montrals mandate is to promote Montral as a world-class financial hub and foster cooperation among its member institutions to accelerate the industrys growth.With renowned research capacities in artificial intelligence and a booming fintech sector,Montral offers an exper

211、ienced,diversified and innovative pool of talent as well as a stable,low cost and dynamic business environment.For financial institutions searching for an ideal location to set up an intelligent service centre and operationalize their digital transformation,Finance Montral can advise on the advantag

212、eous tax incentives aimed at facilitating the establishment and development of financial services corporations in the city.infofinance- www.finance- Global Times Consulting Co.is a strategic consultancy with a focus on China.We help Chinese(local)governments at all levels to build their reputation g

213、lobally,providing strategic counsel,stakeholder outreach and communications to support their sustainable development.We also partner with multina-tional companies operating in this dynamic but challenging market,serving as a gateway to China.In addition,we help Chinese companies extend their reach o

214、verseas.Global Times Consulting Co.adopts a research and knowledge-based approach.With extensive contacts and deep insights into Chinas political and economic landscape,we develop and execute integrated programs for stakeholder relations and reputation management.Our extensive relationship with me-d

215、ia and government organizations in China and worldwide helps us successfully execute programs and achieve desired goals.Daniel Wang at Approved by the Chinas State Council,China Development Institute(CDI)was founded in 1989 with 116 representatives from the government,academia and business in China.

216、Being an independent think tank,CDI is committed to developing policy solutions via research and debates that help to advance Chinas reform and opening-up.After years of development,CDI has become one of the leading think tanks in China.CDI focuses on the studies of open economy and innovation-drive

217、n development,regional economy and regional development,industrial policies and industrial development,urbanization and urban development,business strategies and investment decision-making.Via conducting research,CDI provides policy recommendations for the Chinese governments at various levels and d

218、evelops consultation for corporate sectors at home and abroad.CDI organizes events in different formats that evokes dialogue among scholars,government officials,business people and civil society members around the globe.Based in Shenzhen,Southern China,CDI has one hundred and sixty staff,with an aff

219、iliated network that consists of renowned experts from different fields.Carol Feng at Casablanca Finance City is an African financial and business hub located at the crossroads of continents.Recognized as the lead-ing financial center in Africa,and partner of the largest financial centers in the wor

220、ld,CFC has built a strong and thriving com-munity of members across four major categories:financial companies,regional headquarters of multinationals,service providers,and holdings.CFC offers its members an attractive value proposition and a premium“Doing Business”support that fosters the deploy-men

221、t of their activities in Africa.Driven by the ambition to ca-ter to its community,CFC is committed to promoting its mem-bers expertise across the continent,while enabling fruitful busi-ness and partnership synergies through its networking platform.Selma Bennis at Selma.Benniscfca.ma Smart Centres In

222、dex 8 44 Please find out more at: or by contacting Mike Wardle at mike_.Dubai International Financial Centre(DIFC)is one of the worlds most advanced financial centres,and the leading financial hub for the Middle East,Africa and South Asia(MEASA)region,which comprises 72 countries with an approximate

223、 population of 3 billion and a nominal GDP of US$7.7 trillion.DIFC is home to an internationally recognised,independent regulator and a proven judicial system with an English common law framework,as well as the regions largest financial ecosystem of more than 24,000 professionals working across over

224、 2,300 active registered companies making up the largest and most diverse pool of industry talent in the region.The Centres vision is to drive the future of finance.Today,it offers one of the regions most comprehensive FinTech and venture capital environments,including cost-effective licensing solut

225、ions,fit-for-purpose regulation,innovative accelerator programmes,and funding for growth-stage start-ups.Comprising a variety of world-renowned retail and dining venues,a dynamic art and culture scene,residential apartments,hotels and public spaces,DIFC continues to be one of Dubais most sought-afte

226、r business and lifestyle destinations.Twitter DIFC www.difc.ae Established in 2001,the Financial Services Commission,Mauri-tius(FSC)is the integrated regulator for the non-bank financial services sector and global business and is mandated to license,regulate,and supervise the conduct of business act

227、ivities in the non-bank financial services sector and global business.Our vision is to be an internationally recognised financial super-visor committed to the sustained development of Mauritius as a sound and competitive financial services centre.The FSC aims to:promote the development,fairness,effi

228、ciency and trans-parency of financial institutions and capital markets;suppress crime and malpractices so as to provide protec-tion to members of the public investing in non-banking financial products;and ensure the soundness and stability of the financial system in Mauritius.fscmauritiusintnet.mu w

229、ww.fscmauritius.org Luxembourg for Finance(LFF)is the Agency for the Development of the Financial Centre.It is a public-private partnership between the Luxembourg Government and the Luxembourg Financial Industry Federation(PROFIL).Founded in 2008,its objective is to develop Luxembourgs financial ser

230、vices industry and identify new business opportunities.LFF connects international investors to the range of financial services provided in Luxembourg,such as investment funds,wealth management,capital market operations or advisory services.In addition to being the first port of call for foreign jour

231、nalists,LFF cooperates with the various professional associations and monitors global trends in finance,providing the necessary material on products and services available in Luxembourg.Furthermore,LFF manages multiple communication channels,organises seminars in international business locations,and

232、 takes part in selected world-class trade fairs and congresses.lfflff.lu The Long Finance initiative grew out of the London Accord,a 2005 agreement among investment researchers to share environmental,social and governance research with policy-makers and the public.Long Finance was established more f

233、ormally by Z/Yen Group and Gresham College from 2007 with the aim of exploring long-term thinking across a global network of people.We work on researching innovative ways of building a more sustainable financial system.In so doing,we try to operate openly and emulate scientific ideals.At the same ti

234、me,we are looking to create a supportive and caring community where people can truly question the accepted paradigms of risk and PRODUCED BY Z/YEN GROUP Z/Yen helps organisations make better choices-our clients consider us a commercial think-tank that spots,solves and acts.Our name combines Zen and

235、Yen-a philosophical desire to succeed-in a ratio,recognising that all decisions are trade-offs.One of Z/Yens specialisms is the development and publication of research combining factor analysis and perception surveys.PUBLISHED BY LONG FINANCE AND DISTRIBUTED FUTURES Long Finance is a Z/Yen initiativ

236、e designed to address the question“When would we know our financial system is working?”This question underlies Long Finances goal to improve societys understanding and use of finance over the long-term.In contrast to the short-termism that defines todays economic views,the Long Finance timeframe is

237、roughly 100 Distributed Futures is a Long Finance programme dedicated to exploring new technologies and finance.The programme looks at Smart Ledgers,but also wider technologies ranging from quantum computing to machine learning to biological finance.THE SMART CENTRES INDEX The Smart Centres Index is designed to track commercial centres ability to create,develop,and deploy technology.It aims to measure how attuned centres and their regulatory systems are to attracting innovation and growth in Science,Technology,Energy Systems,Machine Learning,Distributed Ledgers,and Fintech.