China has 12 cities take spots at the latest Global Financial Centers Index report, co-released by the China Development Institute and British think tank Z/Yen Group.

Based on business environment, human resources capital, infrastructure, financial industry development, and reputation, the 32nd edition report chose from 116 cities worldwide.

Among the top 10 world's financial centers, four cities from China, including Hong Kong, Shanghai, Beijing, and Shenzhen appeared.

It is worth noting that Nanjing moved forward 24 spots to rank 83rd in the list, which became the biggest improvement among Chinese cities.

Now, let's take a look at the top 10 financial centers worldwide.