LONDON - New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong as uncertainty over Brexit takes its toll on the UK capital, a Z/Yen Group survey for 2019 showed on Thursday.
Hong Kong is now just two points behind London where a key issue for finance professional is whether Britain’s departure from the European Union on Oct. 31 will impede the free movement of talent, it added. Singapore, Shanghai, Tokyo, Beijing, Dubai, Shenzhen, and Sydney make up the remainder of the top 10 centers. The rise of Shenzhen, Dubai and Sydney eased out Toronto, Zurich and Frankfurt from the top 10.
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