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The US dominates the list with 5 centres in the top 10.
According to a list released by think tanks Z/Yen Partners and the China Development Institute, New York is the number 1 financial centre in the world.
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London takes the second spot on the Global Financial Centres Index (GFCI) with a rating of 731.
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Singapore remained third on the list with a rating of 723. As per Bloomberg, the index uses data collected from thousands of financial services professionals responding to an online questionnaire.
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With a rating of 722, Hong Kong is fourth on the list just behind Singapore.
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San Francisco is the fifth ranked financial centre in the list with a rating of 721.
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Los Angeles has overtaken China's Shanghai in the 33rd edition of the Global Financial Centres Index.
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Shanghai with a rating of 717 dropped one place to seventh in the list.
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Chicago broke into the top 10 with a rating of 716. In the previous list, it held the 12th position.
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Boston also entered the top 10 displacing Shenzhen.
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Seoul moved into the top 10 with a rating of 714.
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