The biggest financial hubs in the world

This post will analyse 3 various financial hubs in very different areas of the world today.

Asian markets have been increasing at an notable speed over the last couple of decades and that is dependent on many different elements. There has been big funding on the continent, both from outdoor sources but also businessmen and women identifying that there is a tremendous amount of chances. Perhaps the most crucial economic hub in south east asia is in Hong Kong. Despite the fact that the region is relatively small and lacks natural resources, it does not stop it being incredibly financially rewarding and effective. The city is a financial hub, and that is attributable to the financial investment from organisations such as the activist investor in the Bank of East Asia. The city has so much financial investment and wealth that it has the most highrises from any urban area in the world today, and for a region that is moderately small it makes the fact even more surprising. The city has its own legal tender, which is actually the 13th most traded currency yet it only has a population of around 8 million, so this fact proves how tremendous a location Hong Kong is in economical terms. The region was not always authoritative; even so it grew to be fundamental to trade due to its tactical geographical place.

Unsurprisingly, the USA tops the ratings for highest GDP, nevertheless much of this is dependent on a selection of cities producing and regulating much of the finances within the nation. The biggest financial cities in the USA are on the East coast, which is partially attributable to the basic fact they have existed for longer than those in the West. Whilst California is the leader in terms of technological development, the East coast city of New York is the banking capital of the US. The investor in Bank of America is well developed in the city, after owning part of the business that has headquarters in New York. There is such a vast amount of finance in the city because it has the famous stock exchange market there, well known as Wall Street.

Unlike so many nations, Germany’s financial capital is not located in its largest city. Berlin is the capital and the largest city in the nation, nevertheless most of the German banks and finance companies are located in the city of Frankfurt. Germany is the economic powerhouse of Europe, so of course the banking and finance industry in the country will also be extensive. The large investors in Deutsche Bank have a strong foothold in the city, as the bank is the biggest in the country, and so one of the largest Europe. Despite the fact that Frankfurt is known mainly as the financial hub of the country there is still so much other interesting things as well, such as watch the successful football team situated in the city.

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