Singapore is closing the gap on London and New York as a leading financial centre, according to a new ranking. Third in place is Hong Kong.
The six-monthly index is compiled by the Z/Yen Group think-tank and published by the City of London. It combines a survey of financial professionals with factors such as tax rates, airport satisfaction, office occupancy costs and stock exchange capitalisation.
Among the top cities, Singapore was perceived to be riding out the financial crisis with more resilience than the others.
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