There are loads of cities throughout the world, but not all of them are dominant financial centres. This article is getting ready to take a look at some of the most important finance centres on Earth.
New York is not just the financial capital of the US but is also typically regarded as the largest financial market in the world. New York is famous for being home to the most important stock market and the biggest stock exchange by market capitalization across the world. The city is a mix of numerous cultures from across the globe providing a diverse population and workforce. It plays host to a few of the biggest and very best businesses and markets from all over the globe. It’s for this very reason that financial graduates and those in the sector flock to the city that never sleeps. It is difficult to find a big name in the world of business that does not have a presence in the city, which is why crucial business men and women like Henry Kravis of KKRHenry Kravis of KKR are based here.
Undoubtedly the financial capital of Europe and one of the most crucial finance cities in the world is found in the UK. Since the middle ages, London has been among the most prominent trade and business centres. This is most likely why indispensable businesspeople like Andrew Currie of Ineos are living there. The city is amongst the most visited places on the planet and is among the most liked places to do business. London is a renowned hub for foreign exchange and bond trading along with banking activities and insurance solutions. This global place is a trading hub for foreign exchange, futures, bonds, and insurance. The bank that regulates the UK’s monetary system and regulates the issue of currency notes is established here. The city on its own, which happens to just make up an extremely small part of the location geographically, is known for being London’s earliest financial district. Despite the fact that there is a lot of political turmoil at this point in time, there is little doubt that London is always going to stay a major global financial hub.
Hong Kong is a key financial hub, particularly when you contemplate that it has the highest concentration of banking companies out there. The island also happens to have the most helpful legal regulations for both inhabitants and companies and is the home of a large number of fund management firms. A large number of individuals think of this place as the financial capital of Asia and it has substantially benefited from its strategic geographic location; for more than a century, it has been the access route to mainland China. For this reason, it is also the most sizeable trading partner in mainland China. Its closeness to other areas in the region additionally adds even more to its standing as a major financial participant. Hong Kong likewise has an attractive tax system established with very few and minimal tax rates. It is no surprise this city is regarded as a leading financial centre and why a lot of important professionals such as David Li of BEA choose to be headquartered here.