The ranking of world financial centers came out recently and while it's not full of surprises, it is interesting to see the change in ratings since last year. The top two, London and NYC, fell 10 and 6 points respectively but the cities just below them, including Singapore, HK and Zurich fell an average of 15 points. Other cities farther down the list suffered as well, but the only one to have fallen badly in terms of rank is Tokyo, going from 7 last year to just 15. Shanghai still doesn't make the top 20, but perhaps over time it will continue to steal some growth from HK and push its way up the list.
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