Tokyo is ranked number 9.
Basically, Europe has London; America has London; Asia has Hong Kong/Singpoare; and most likely in the future, the Middle East will have Dubai and Hindu country like India will have Mumbai.
http://www.finfacts.com/irishfinancenews/a...e_1012772.shtmlCentre Rank GFCI Rating* Overall Assessment
London
1 (1) 795 (806) London remains in top place in GFCI 3, despite losing 11 points from its rating in GFCI 2, after slipping slightly across the board in assessments made after the difficulties of Northern Rock and the publication of proposed changes in the tax treatment of non-domiciled residents, and in the light of continuing criticism of its airport and other transport infrastructure. London does, however, remain in the top quartile of instrumental factors (see Appendix C), and is still rated very highly by most questionnaire respondents, demonstrating its resilience as a financial centre.
New York
2 (2) 786 (787) New York also remains in the top quartile in over 80% of its instrumental factors and has only dropped by one point since GFCI 2. For the first time, respondents from the banking sector rated it more highly than London, and it remained strong in all other sectors in spite of continued criticism from respondents over burdensome regulatory requirements under Sarbanes-Oxley.
Hong Kong
3 (3) 695 (697) Hong Kong remains comfortably in third place, losing only two points overall in the ratings. It also retained a strong position in the five key competitiveness areas, though slipping one place to 4 th among respondents in the insurance sector.
Singapore
4 (4) 675 (673) Singapore performs well in GFCI 3, moving two points closer to Hong Kong. It was one of only two of the top ten to gain points (the other being Tokyo), and was rated 5 th in the world by respondents in the insurance sector, where it had failed to make the top ten previously. Singapore’s banking regulatory environment is still perceived as very strong.
Zurich
5 (5) 665 (666) Zurich remains the strongest niche centre in GFCI 3. Private banking and asset management are its key specialisms. Its high ratings in the key areas of competitiveness have not changed since GFCI 2 and it has gained 35 points in Insurance.
Frankfurt
6 (6) 642 (649) Frankfurt remains a key European hub for finance. It improved its standing on people and labour issues since GFCI 2 among respondents, and remained strong on other competitive factors, including professional services.
Geneva
7 (7) 640 (645) Geneva is the third financial centre in continental Europe, with continuing high ratings for asset management, banking, and government/regulatory issues. It has, however, slipped in ratings for insurance and professional services.
Chicago
8 (8) 637 (639) The number two centre in the US received higher ratings in GFCI 3 than previously in several competitive areas, especially business environment, and general competitiveness, as well as for banking and government/regulatory issues.
Tokyo
9 (10) 628 (625) Tokyo has overtaken Sydney to move into ninth place. It and Singapore are the only two centres in the top ten to gain points in the GFCI 3 ratings. Its economy continues to strengthen, and it has the second-largest stock market in the world (by capitalisation). These two features offset long-term regulatory difficulties and poor access to international financial personnel.
Sydney
10 (9) 621 (636) Sydney dropped to 10 th place in GFCI 3, but was rated highly by respondents in the banking sector and will continue to be a key regional hub in Asia-Pacific. In spite of its geographic isolation, it has strong advantages in English language markets, and quality of life.