Related News
London regains financial hub rank
Print Edition
London has regained its crown as the world鈥檚 leading financial center, according to a survey of industry professionals yesterday, benefiting from the clear election victory by the Conservative party to overtake New York.
The online survey of more than 2,000 individuals ranked 84 cities around the world in terms of the business environment, infrastructure, quality of workforce and financial sector development.
London, which had top billing for seven years running in the twice-yearly survey, lost the top spot to New York last year.
The shock election triumph by the Conservative party in the general election in May helped it overtake New York this time, said research company Z/Yen, which published the survey.
Ahead of the vote most polls had predicted a hung parliament, and a phase of political and economic instability.
The result comes despite Europe鈥檚 biggest bank HSBC and its Asia-focused rival Standard Chartered currently deciding whether to axe their London headquarters because of a government levy on bank profits and the uncertain outcome of an upcoming vote on Britain鈥檚 membership of the European Union.
London came top in every category, the report showed. Hong Kong, Singapore and Tokyo took third, fourth and fifth places respectively. Toronto, San Francisco and Washington DC were also named in the top 10.
The only other European city to rank among the world鈥檚 10 leading financial centers was Zurich while Frankfurt was the European Union鈥檚 second-highest ranking city in 14th place.
Chris Cummings, CEO of lobby group TheCityUK, said a successful renegotiation of Britain鈥檚 relationship with the currency bloc was 鈥渃ritical鈥 to sustained growth of its financial industry, often described as the world鈥檚 鈥済ateway鈥 to Europe.
鈥淟ondon faces stiff challenges from other established centers, not just New York and the likes of Singapore, but also emerging centers in Asia, the Middle East and Africa,鈥 he said in a statement.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
