Shanghai is home to the world’s fourth- largest exchange with a market cap of over $4 trillion. Singapore is a leading destination for wealth management and insurance firms. The island-nation has transformed its economy on the back of hard work and political stability. Singapore slipped from 4th to 5th place this year, but it is still one of the world’s most business-friendly countries. The Special Administrative Region of China has a high concentration of banking and financial institutions. Since last year, the city has suffered a little due to pro-democracy protests, which disrupted the transit, retail, and tourism in HK. HK is one of the most significant financial locations in Asia. Beijing’s Financial Street is lined with headquarters of the People’s Bank of China, large state-run banks, and insurance companies. Beijing has often is described as the ‘ Billionaire Capital of the World‘. This year, Beijing took 7th place, unchanged from last year even though its score declined from 748 to 734. It is home to many large financial institutions and venture capital firms. San Francisco is a major technology and financial hub. Every financial headquarter except Geneva witnessed a decline in its score compared to last year. 8- San FranciscoĮven though San Francisco’s score declined from 736 to 732, its ranking jumped from 12th to 8th.
Geneva is home to several financial institutions, asset management firms, and watchmakers. The Swiss hub is one of the most livable and most expensive locations on the planet. Geneva currently scores 729 to occupy the 9th spot in the latest GFCI report. The Swiss city made a huge jump, from the 26th spot in last year’s GFCI. It occupies the 10th spot with a score of 723 in the latest ranking. Los Angeles jumped from 19th place in 2017 to 13th spot last year. It has also emerged as a global business and finance hub. Los Angeles is not just about glitz and glamour.
These are the top ten biggest financial centers in the world, according to the 27th financial center rankings.
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