Qingdao, a coastal city of east China's Shandong province, was included among the 88 financial hubs in the world, according to a Global Financial Centers Index (GFCI).

The city ranked as the 38th top financial hub in the world, according to the GFCI report launched Monday in Shenzhen.

The report is released by the British think tank Z/Yen Group every half a year according to a city's business environment, finance system, infrastructure and human resources.

The index rated New York, London and Singapore as the world's top three financial hubs.

Meanwhile, Chinese cities of Shanghai, Beijing, Shenzhen, Guangzhou and Dalian are also among the 88 hubs listed in the index.