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Asia’s financial capitals close gap on City and Wall Street

Singapore is closer to displacing London and New York in a ranking of global financial centres

Asia’s financial capitals close gap on City and Wall Street

London and New York remain the world's most competitive financial centres - but the big political surprises of 2016 mean their lead over Asian competitors is narrowing.

According to the latest biannual ranking from City think-tank Z/Yen and the China Development Institute in Shenzen, both cities have surrendered ground to Singapore, Hong Kong and Tokyo over the last six months.

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