Singapore Overtakes China, Luxembourg as Finance Hub, Study Finds
Singapore has climbed into the top five global financial hubs after steadily attracting foreign bank assets and direct investment, The city-state rose from ninth place in 2015, overtaking China and Luxembourg., which cited researchers who measured international activity such as assets under management, foreign bank holdings, and private and public fundraising. The US, UK and Hong Kong retained the top three positions.
Singapore has climbed into the top five global financial hubs after steadily attracting foreign bank assets and direct investment, The city-state rose from ninth place in 2015, overtaking China and Luxembourg., which cited researchers who measured international activity such as assets under management, foreign bank holdings, and private and public fundraising.
The US, UK and Hong Kong retained the top three positions.