In this article, we discuss the Top 5 Global Financial Centers. If you want to read our detailed analysis of the importance of financial centers and the changing trends in the employment and corporate HQs in the U.S., go directly to Top 15 Global Financial Centers.
AAt Insider Monkey we leave no stone unturned when looking for the next great investment idea. Recently Oregon became the first state to legalize psychedelic mushrooms which are shown to have promising results in treating depression, addiction, and PTSD in early stage academic studies. So, we are checking out this psychedelic drug stock idea right now. We go through lists like the 10 best biotech stocks to invest in to pick the next stock that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage (or at the end of this article). Keeping this in mind let’s take a look at the top 5 financial cities of the world:
5) Hong Kong
GFCI rating: 743
The market cap of the Hong Kong stock exchange: US$6.06 trillion (HK$47 trillion)
The world’s most densely populated city, Hong Kong holds many titles to its name. A former British colony, Hong Kong is one of the most important global financial centers in the world. Recent incidents such as China’s growing influence on Hong Kong’s government and political unrest have resulted in many problems for the business community and overall political stability. Still, Hong Kong remains a key center in our list of top 15 financial centers/cities of the world. It is a major capitalist economy with the second-highest number of billionaires and the 6th largest stock exchange in terms of market capitalization according to the World Federation of Exchanges. It has one of the most sophisticated and developed transportation infrastructures. Hong Kong’s transparent governance, as well as low tax rates, make it an ideal spot for businesses.