November 2, 2009
What city holds the position of Financial Centre of the world? According to a Bloomberg Poll, New York. Bloomberg states:
New York has withstood the worst economic crisis in seven decades and remains the leading global financial center, followed by Singapore, which topped London as investors’ preferred place for doing business, according to Bloomberg Global Poll.
According the the survey, China, Brazil and India offer investors the best opportunities for making cash-money; while, the U.S., Europe and Japan are seen to have less potential.
Look out New York, cities in Singapore and Shanghai are hot on your heels.
Singapore and Shanghai are growing in popularity as firms look for ways to tap the wealth that has accumulated in China and the rest of Asia. Private wealth management in particular is growing in Singapore, which has no capital-gains tax.