The Worlds Top Financial Centres
By Sammy Said | Google+ in Economy
What makes a city a financial center? Is it the strategic location, the presence of big businesses and modern infrastructure? Actually, all financial centers possess these features and more. To be considered a financial center, a city has to have the following: heavy concentration of financial institutions, a highly developed commercial and communications infrastructure system, must have the ability to generate a great number of domestic and international trading transactions are conducted, and must be currently implementing sound and flexible financial policies.
So where are the world’s top financial centers located? A recent study sponsored by the Qatar Financial Center Authority, examined the top 1,000 financial centers of the world and placed the following cities on top of the list.
10. Seoul, Korea: New Tourist Destination?
The crown of South Korea is also the first city in East Asia to have electricity, a telecommunication grid, and a water system all at once. Its current main industries include electronics, textile production as well as iron and steel production. The city has also been investing heavily into promoting itself as a tourist destination. Famous transnational companies that are based in Seoul include the Citigroup, Deutsche Bank, Bank of America, HSBC, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Barclays, Grupo Santander, UBS, Credit Suisse, UniCredit, ING Bank, State Street and Standard Chartered, among others. The Korea Exchange Bank also has its headquarters in this very cosmopolitan city.x
No comments:
Post a Comment