Financial hubs can be characterized by solid infrastructure, stable regulatory and political environments, attractive taxation rules and the availability of various opportunities to help the trade and business grow. It is a place where various participants of the financial sector, such as banks, trading companies, stock exchanges and other institutions, are concentrated in one area. New York had a rating of with 760 points during that time, followed by London with 731 points.Ī financial center is a region or city with strategic location to the financial industry. The ranking is based on an index for financial center rating, in which a multitude of factors are integrated. New York ranked first as the most attractive financial centers worldwide as of March 2023.
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