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Asian financial hubs dominate Global Financial Centers Index


Blog
Blog
Blog
Blog
17 Mar, 2021
Author
Rebecca Isjwara
Asian cities continue to dominate a list of most competitive financial centers in the world and the confidence in the global financial systems is stabilizing as vaccines raise hopes that the COVID-19 pandemic will likely abate this year, a survey found.
Six of the top 10 cities in the biannual Global Financial Centres Index compiled by the Z/Yen Group in cooperation with the China Development Institute are Asian hubs.
New York, London and Shanghai maintained their top three ranks in the 29th iteration of the index. They were followed by Hong Kong, Singapore, Beijing, Tokyo, and Shenzhen among other Asian cities. Hong Kong, Singapore and Beijing each climbed one rank to supersede Tokyo in the order, which slipped to the seventh position from fourth, according to the survey that features 114 major global financial centers. ....

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