(Yicai) March 22 -- Shanghai rose one rung to rank as the world's sixth-most competitive financial center, according to the latest list compiled by Chinese and UK think tanks.

Shanghai received 739 points in the latest ranking, increasing six points, according to the 35th edition of the Global Financial Centers Index released by China Development Institute and Z/Yen Group yesterday. Hong Kong was the only other Chinese city in the top 10, ranking fourth with 741 points, both unchanged.

The GFCI assesses 121 major global financial centers based on their business environments, human capital, infrastructure, financial sector development level, and reputations. Thirteen Chinese cities were included.

The top three financial hubs kept the same spots as last time, with New York ranking first, London second, and Singapore third. Chinese cities progressed well overall, with the rating of all except Hong Kong improving, while 10 moved up the list.

Shenzhen ranked 11th, up one place, with its rating increasing six points to 734 points. Beijing rose two rungs to rank 15th after its rating climbed to 730 points from 727 points.

Hong Kong, Shanghai, Beijing, and Shenzhen were also listed in the index's Financial Centers Likely to Become More Significant category. 

The GFCI also scores the fintech development levels of 116 financial hubs based on their performances in related areas. China and the United States each had six cities in the top 20, with Shenzhen ranking highest among Chinese cities at fourth.

Editors: Xu Wei, Martin Kadiev