12. Paris |0.8% | No doubt the city will benefit from Brexit. It already is ranked third in outward financial services foreign direct investing (FDI), behind London and New York.
11. Boston | 4.3% | Boston is home to some of the largest financial service companies in the world, including asset managers like State Street and Fidelity, and insurance companies like Liberty Mutual. (Photo: Michael Dwyer)
10. New York | 4.4% | Vying with London to be the largest financial center in the world, New York also has the two largest stock markets, NYSE and Nasdaq.
9. London | 8.0% | The largest international finance center also is home to 100 domestic and foreign banks, more than any other city.
8. Hong Kong | 9.5% | Typically ranked as the third largest financial center in the world, it also has served as the gateway to China.
7. Sydney | 10.6% | The Aussies have a golden touch and currently are ranked highest globally for bank return on capital at close to 25%.
6. Luxembourg | 11.4% | Despite its small size, Luxembourg is a hotbed for banks and asset managers. In fact it ranks first in share of all employees working in financial services, with 12%.
5. San Francisco | 15.3% | Long known as a tech center with Silicon Valley down the road, San Francisco also is the U.S. leader in venture capital deals.
4. Singapore | 20.8% | Often competing with Hong Kong as third largest global financial center, Singapore comes first in attracting the highest amount of inward financial services FDI per capita.
3. Toronto | 25.2% | Canada’s financial center has the second highest number of stock market listings in the world, after Tokyo, and financial services account for 8.3% of employment in the metro area.
2. Shanghai | 27.8% | China’s commercial and financial hub has grown dramatically and is first in attracting, overall, the highest amount of inward financial services FDI.
1. Beijing | 56.4% | Not only does Beijing have the highest growth rate in financial services employment, it also has the most financial employees.