Mumbaikars again a news to feel proud of !!
According to IBNLIVE.com
Driven by high trade volumes for equities and good presence of global banking and financial services firms, Mumbai has grabbed a place in the list of world's top 10 financial flow hubs, beating Hong Kong and Beijing in China.
The city has been ranked 10th among the world's biggest centres of commerce in terms of the financial flow volumes in a survey compiled by Mastercard Worldwide, which takes into consideration size of financial services network besides equity, bond, derivatives and commodity contract transactions.
The list, led by London and New York on the first two slots, include two other Asian cities — Tokyo at fifth and Seoul at sixth positions, but does not have any representation from China — another emerging Asian economy.
The other cities include Chicago, Frankfurt, Paris, Madrid and Milan. "The Asia/Pacific, Middle East and Africa (APMEA) region boasts of three cities which got included in the premier league — Tokyo, Seoul and Mumbai due to their high trading volumes in bonds and equities," Mastercard Worldwide said in its first Worldwide Centres of Commerce Index study.
No comments:
Post a Comment