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Watch out Singapore, Hong Kong: Shanghai top pick to become next financial hub

Bloomberg Published on Wed, Sep 28, 2016 / 7:53 AM GMT+8

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(Sept 28): Shanghai ranks as the top pick among the world’s cities expected to become significant global financial centres in the next few years, according to a survey of finance professionals.

Qingdao, Shenzhen, Dalian and Beijing are the other mainland Chinese cities that are going to rise as financial centers, according to the Global Financial Centers Index which measures cities based on their attractiveness to financial services professionals. The index is based on two inputs: statistical data and a poll of finance professionals. Eight of the top 15 cities that are expected to gain in significance are from the Asia-Pacific region, according to the index created by the Z/Yen group for the City of London.