Financial center in the context of "Asset management"

New York, often called New York City (NYC), is the most populous city in the United States. It is located at the southern tip of New York State on New York Harbor, one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with its respective county. It is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy.

With an estimated population in July 2024 of 8,478,072, distributed over 300.46 square miles (778.2 km), the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the country's second-most populous city. Over 20.1 million people live in New York City's metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, both the largest in the U.S. New York City is one of the world's most populous megacities. The city and its metropolitan area are the premier gateway for legal immigration to the United States. An estimated 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. The New York City metropolitan region is home to the largest foreign-born population of any metropolitan region in the world, approximately 5.9 million as of 2023.

China, officially the People's Republic of China (PRC), is a country in East Asia. With a population exceeding 1.4 billion, it is the second-most populous country after India, representing 17% of the world population. China borders fourteen countries by land across an area of 9.6 million square kilometers (3,700,000 sq mi), making it the third-largest country by area. The country is divided into 33 province-level divisions: 22 provinces, 5 autonomous regions, 4 municipalities, and 2 semi-autonomous special administrative regions. Beijing is the capital, while Shanghai is the most populous city by urban area and largest financial center.

China saw the first humans in the region arriving during the Paleolithic era. By the 2nd millennium BCE dynastic states had emerged in the Yellow River basin. The 8th–3rd centuries BCE saw a breakdown in the authority of the Zhou dynasty, accompanied by the emergence of administrative and military techniques, literature and philosophy. In 221 BCE, China was unified under an emperor, ushering in two millennia of imperial dynasties. With the invention of gunpowder and paper, the establishment of the Silk Road, and the Great Wall, Chinese culture flourished and has heavily influenced its neighbors and lands further afield. China began to cede parts of the country in the 19th century, to European powers by a series of unequal treaties. The 1911 Revolution overthrew the Qing dynasty and the Republic of China was established the following year. The country was unstable and fragmented during the Warlord Era, which ended upon the Northern Expedition conducted by the Kuomintang to reunify the country.

The Taipei–Keelung metropolitan area (Chinese: 臺北基隆都會區; pinyin: Táiběi-Jīlóng Dūhùiqū) also commonly known as Greater Taipei Area (Chinese: 大臺北地區; pinyin: Dà Táiběi Dìqū) is the largest metropolitan area in Taiwan. It is composed of 3 administrative divisions: Taipei, New Taipei City and Keelung. The region encompasses an area of 2,457.13 square kilometers (948.70 sq mi) and a population of 7,034,084 as of 2019. It is the most populous and the most densely populated metropolitan area in Taiwan, with one-third of Taiwanese people living and working there. In some sources, Taoyuan City is included in the metropolitan area on a broader extent, but is usually considered as a metropolitan area of its own.

The region is the epicenter of Taiwanese culture, economy, education and government. Designated as a global city, the region exerts a significant impact on commerce, finance, media, art, fashion, research, technology, education, and entertainment, both locally and internationally. As a diplomatic center, it is the home to all consulates and embassies in Taiwan. Its economic power makes the region the country's premier commercial and financial center as well as in the region of East Asia. Considered to be a global city and rated as an Alpha - City by GaWC, Taipei is part of a major high-tech industrial area. Railways, highways, airports, and bus lines connect Taipei with all parts of the island. The metropolitan area is served by two airports – Songshan and Taoyuan.

Midtown Manhattan is the central portion of the New York City borough of Manhattan, serving as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the Chrysler Building, the Hudson Yards Redevelopment Project, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as several prominent tourist destinations, including Broadway, Times Square, and Koreatown. Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere.

Midtown Manhattan is the largest central business district in the world and ranks among the world's most expensive locations for real estate; Fifth Avenue in Midtown Manhattan has commanded the world's highest retail rents and had been ranked as the most expensive shopping street in the world before falling to second in 2024. Midtown Manhattan is the country's largest commercial, entertainment, and media center, and is also a growing financial and fintech center.

The economy of New York City encompasses the largest municipal and regional economy in the United States. In 2023, the New York City Metropolitan Area generated a GMP of US$2.299 trillion. Anchored by Wall Street in Lower Manhattan, New York City has been characterized as the world's premier fintech and financial center. The city is home to the New York Stock Exchange (NYSE, on Wall Street) and Nasdaq (headquartered in Times Square), the world's two largest stock exchanges by both market capitalization and trading activity.

New York City, with its center in Manhattan, is the world's leading center of banking, finance, and communication. Many of the world's largest corporations are headquartered in Manhattan. The borough contained over 500 million square feet (46.5 million m) of office space in 2015, making it the largest office market in the United States. Midtown Manhattan, with nearly 400 million square feet (37.2 million m) that same year, is the largest central business district in the world. New York City is distinctive for its high concentrations of advanced service sector firms in the law, accountancy, banking, and management consultancy fields. It is the top global center for the advertising industry, which is metonymously called "Madison Avenue". Silicon Alley, metonymous for New York's broad-spectrum high technology sphere, continues to expand.

Lower Manhattan, also known as Downtown Manhattan, is the southernmost part of the New York City borough of Manhattan. The area is the historical birthplace of New York City and in the 17th and 18th centuries composed the entirety of the city. Lower Manhattan serves as the seat of government of both Manhattan and the entire City of New York because there are no municipally defined boundaries for the area. A precise population cannot be quoted, but several sources have suggested that it was one of the fastest-growing locations in New York City between 2010 and 2020, related to the influx of young adults and significant development of new housing units.

Despite various definitions of Lower Manhattan, they generally include all of Manhattan Island south of 14th Street, with the Bowling Green and the Battery near the southern end. Anchored by Wall Street and the Financial District in Lower Manhattan, New York City is the leading global center for finance and fintech. The Financial District houses the New York Stock Exchange, the Federal Reserve Bank of New York, and other major financial institutions. A center of culture and tourism, Lower Manhattan is home to many of New York City's most iconic structures, including New York City Hall, the Woolworth Building, the Stonewall Inn, the Bull of Wall Street, and One World Trade Center, the tallest skyscraper in the Western Hemisphere.

Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as cryptocurrencies. Financial technology companies include both startups and established technology and financial firms that aim to improve, complement, or replace traditional financial services.

Wall Street is a street in the Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway in the west and South Street and the East River in the east with a length of just under 2,000 feet. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District. Anchored by Wall Street, New York has been described as the world's principal fintech and financial center.

The street was originally known in Dutch as Het Cingel ("the Belt") when it was part of New Amsterdam during the 17th century. An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and securities trading site, and from 1703 onward, the location of New York's city hall, which became Federal Hall. In the early 19th century, both residences and businesses occupied the area, but increasingly the latter predominated, and New York's financial industry became centered on Wall Street. During the 20th century, several early skyscrapers were built on Wall Street, including 40 Wall Street, once the world's tallest building. The street is near multiple subway stations and ferry terminals.