global financial centre

And there has been a spectacular growth in legal services , which are vital in backing the work of a global financial centre.

even for turning Tokyo into a global financial centre, still the dream of a few visionary politicians.

"Total office space in Shanghai is not large, " he says. "Shanghai has just started transforming into a global financial centre. "

Consider the first steps to turn Shanghai into a "global" financial centre.

Yet China's State Council recently endorsed a plan to turn Shanghai into a global financial centre by 2020.

But he argues that the cost of this insurance will make London less competitive as a global financial centre.

In the longer term, China may indeed want to see Shanghai become a truly global financial centre.

Hosting the world's largest sporting event in a global financial centre has created a unique set of distribution challenges.

It is part of a drive by Mr Abe's government to raise Tokyo's competitiveness as a global financial centre.

We have the fundamentals, like New York and London, to create a global financial centre and a reasonably good living for 10m people here.

From this primitive base, can Shanghai possibly transform itself into a global financial centre by 2020, as Beijing has decreed?

Complicating things still further, Britain hosts a global financial centre, which pays lots of taxes and provides jobs.

Shanghai would surpass London and New York as a global financial centre.

Beijing last month said it would support Shanghai's long-held ambition of becoming a global financial centre, setting a goal of 2020.

No one should doubt that Britain is determined to remain a global financial centre serving Europe and the world.

Pensions and banking reform and measures to make Mumbai a global financial centre are still in the in-basket.

But can the City maintain its role as a global financial centre?

Investment banking in Hong Kong is now as complex as any other global financial centre.