Chicago Mercantile Exchange Group Index Services LLC, which owns Dow Jones Indexes, and a unit of China's Xinhua News Agency on Thursday jointly launched a new index that ranks world financial centers.

The Xinhua-Dow Jones International Financial Centers Development Index lists 45 financial centers with New York, London, and Tokyo taking the top spots, while Shanghai ranks eighth and Beijing 13th. The cities are ranked according to development indicators such as capital market growth, innovation potential, business environment support and urban infrastructure.

Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. It is owned 90% by CME Group Inc. (CME) and 10% by Dow Jones & Co., a News Corp. (NWS) company and publisher of this newswire.

-By Esther Fung, Dow Jones Newswires; 86-21-6120-1200; esther.fung@dowjones.com
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