Financial centre in the context of "Makati"

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⭐ Core Definition: Financial centre

A financial centre (financial center in American English) or financial hub is a location with a significant concentration of commerce in financial services.

The commercial activity that takes place in a financial centre may include banking, asset management, insurance, and provision of financial markets, with venues and supporting services for these activities. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds, insurers, and hedge funds), and issuers (such as companies and governments). Trading activity often takes place on venues such as exchanges and involves clearing houses, although many transactions take place over-the-counter (OTC), directly between participants. Financial centres usually host companies that offer a wide range of financial services, for example relating to mergers and acquisitions, public offerings, or corporate actions; or which participate in other areas of finance, such as private equity, private debt, hedge funds, and reinsurance. Ancillary financial services include rating agencies, as well as provision of related professional services, particularly legal advice and accounting services.

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Financial centre in the context of Pakistan

Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the fifth-most populous country, with a population of over 241.5 million, having the second-largest Muslim population as of 2023. Islamabad is the nation's capital, while Karachi is its largest city and financial centre. Pakistan is the 33rd-largest country by area. Bounded by the Arabian Sea on the south, the Gulf of Oman on the southwest, and the Sir Creek on the southeast, it shares land borders with India to the east; Afghanistan to the west; Iran to the southwest; and China to the northeast. It shares a maritime border with Oman in the Gulf of Oman, and is separated from Tajikistan in the northwest by Afghanistan's narrow Wakhan Corridor.

Pakistan is the site of several ancient cultures, including the 8,500-year-old Neolithic site of Mehrgarh in Balochistan, the Indus Valley Civilisation of the Bronze Age, and the ancient Gandhara civilisation. The regions that compose the modern state of Pakistan were the realm of multiple empires and dynasties, including the Achaemenid, the Maurya, the Kushan, the Gupta; the Umayyad Caliphate in its southern regions, the Hindu Shahis, the Ghaznavids, the Delhi Sultanate, the Samma, the Shah Miris, the Mughals, and finally, the British Raj from 1858 to 1947.

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Financial centre in the context of Iran

Iran, officially the Islamic Republic of Iran and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the northeast, Afghanistan to the east, Pakistan to the southeast, and the Gulf of Oman and the Persian Gulf to the south. With a population of over 90 million, Iran ranks 17th globally in both geographic size and population and is the sixth-largest country in Asia. Iran is divided into five regions with 31 provinces. Tehran is the nation's capital, largest city, and financial center.

Home to one of the world's oldest continuous major civilizations, most of Iran was first united as a nation by the Medes under Cyaxares in the 7th century BC and reached its territorial height in the 6th century BC, when Cyrus the Great founded the Achaemenid Empire. Alexander the Great conquered the empire in the 4th century BC. An Iranian rebellion in the 3rd century BC established the Parthian Empire, which later liberated the country. In the 3rd century CE, the Parthians were succeeded by the Sasanian Empire, who oversaw a golden age in the history of Iranian civilization. During this period, ancient Iran saw some of the earliest developments of writing, agriculture, urbanization, religion, and administration. Once a center for Zoroastrianism, the 7th century CE Muslim conquest brought about the Islamization of Iran. Innovations in literature, philosophy, mathematics, medicine, astronomy and art were renewed during the Islamic Golden Age and Iranian Intermezzo, a period during which Iranian Muslim dynasties ended Arab rule and revived the Persian language. This era was followed by Seljuk and Khwarazmian rule, Mongol conquests and the Timurid Renaissance from the 11th to 14th centuries.

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Financial centre in the context of London

London is the capital and largest city of both England and the United Kingdom, with a population of 9.1 million people in 2024. Its wider metropolitan area is the largest in Western Europe, with a population of 15.1 million. London stands on the River Thames in southeast England, at the head of a 50-mile (80 km) tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of the national government and parliament. London grew rapidly in the 19th century, becoming the world's largest city at the time. Since the 19th century the name "London" has referred to the metropolis around the City of London, historically split between the counties of Middlesex, Essex, Surrey, Kent and Hertfordshire, which since 1965 has largely comprised the administrative area of Greater London, governed by 33 local authorities and the Greater London Authority.

As one of the world's major global cities, London exerts a strong influence on world art, entertainment, fashion, commerce, finance, education, healthcare, media, science, technology, tourism, transport and communications. London is Europe's largest city economy and one of the world's major financial centres. London hosts Europe's largest concentration of higher education institutions, comprising over 50 universities and colleges and enrolling more than 500,000 students as at 2023. It is home to several of the world's leading academic institutions: Imperial College London, internationally recognised for its excellence in natural and applied sciences, and University College London (UCL), a comprehensive research-intensive university, consistently rank among the top ten globally. Other notable institutions include King's College London (KCL), highly regarded in law, humanities and health sciences; the London School of Economics (LSE), globally prominent in social sciences and economics; and specialised institutions such as the Royal College of Art (RCA), Royal Academy of Music (RAM), the Royal Academy of Dramatic Art (RADA), the School of Oriental and African Studies (SOAS) and London Business School (LBS). It is the most-visited city in Europe and has the world's busiest city airport system. The London Underground is the world's oldest rapid transit system.

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Financial centre in the context of Germany

Germany, officially the Federal Republic of Germany, is a country in Western and Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen constituent states have a total population of over 83 million, making it the most populous member state of the European Union. Germany borders Denmark to the north; Poland and the Czech Republic to the east; Austria and Switzerland to the south; and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr.

Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts, with Germanic tribes inhabiting the north. Romans named the area Germania. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th century, northern German regions became the centre of the Protestant Reformation. Following the Napoleonic Wars and the dissolution of the Holy Roman Empire in 1806, the German Confederation was formed in 1815.

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Financial centre in the context of List of cities by GDP

This is a list of cities in the world by nominal gross domestic product (GDP). The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Cities may be defined as the cities proper, by the extent of their urban area, or their metropolitan regions. The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the OECD. Refer to sources for more information. GDP for cities that have different sources might not be comparable as the definition of a city differs between them.

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Financial centre in the context of Geneva

Geneva (/ɪˈnvə/ jin-EE-və, Arpitan: [dzəˈnɛva] ; French: Genève [ʒ(ə)nɛv] ) is the second-most populous city in Switzerland and the most populous in French-speaking Romandy. Situated in the southwest of the country, where the Rhône exits Lake Geneva, it is the capital of the Republic and Canton of Geneva. Geneva is a global city, an international financial centre, and a worldwide centre for diplomacy, which has led to it being called the "Peace Capital".

It hosts the highest number of international organizations in the world, including the headquarters of many agencies of the United Nations and the ICRC and IFRC of the Red Cross. It was where the Geneva Conventions on humanitarian treatment in war were signed, and, in the aftermath of World War I, it hosted the League of Nations. It shares a unique distinction with municipalities such as New York City, Bonn, Basel, and Strasbourg as a city which serves as the headquarters of at least one critical international organization without being the capital of a country.

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Financial centre in the context of Karachi

Karachi is the capital city of the province of Sindh, Pakistan. It is the largest city in Pakistan and 12th largest in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast and formerly served as the country's capital from 1947 to 1959. Ranked as a beta-global city, it is Pakistan's premier industrial and financial centre, with an estimated GDP of over $200 billion (PPP) as of 2021. Karachi is a major metropolitan area and is considered Pakistan's most cosmopolitan city, and among the country's most linguistically, ethnically, and religiously diverse regions, as well as one of the country's most progressive and socially liberal cities.

The region has been inhabited for millennia, but the city was formally founded as the fortified village of Kolachi as recently as 1729. The settlement greatly increased in importance with the arrival of the East India Company in the mid-19th century. British administrators embarked on substantial projects to transform the city into a major seaport, and connect it with the extensive railway network of the Indian subcontinent. At the time of Pakistan's independence in 1947, the city was the largest in Sindh with an estimated population of 400,000 people, and a slim Hindu majority. Following the partition of India, the city experienced a dramatic shift in population and demography with the arrival of hundreds of thousands of Muslim immigrants from India, coupled with an exodus of nearly all of its Hindu residents. The city experienced rapid economic growth following Pakistan's independence, attracting migrants from throughout the country and other regions in South Asia. According to the 2023 Census of Pakistan, Karachi's total population was 20.3 million. Karachi is one of the world's fastest-growing cities, and has significant communities representing almost every ethnic group in Pakistan. Karachi holds more than two million Bengali immigrants, a million Afghan refugees, and up to 400,000 Rohingyas from Myanmar.

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Financial centre in the context of Financial district

A financial district is usually a central area in a city where financial services firms such as banks, insurance companies, and other related finance corporations have their headquarters offices. In major cities, financial districts often host skyscrapers and other buildings of architectural importance and are called financial centres; such major centres also include important financial utilities such as stock exchanges and the offices of the main financial regulatory authorities.

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Financial centre in the context of Four Asian Tigers

The Four Asian Tigers (a.k.a. the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.

By the early 21st century, these economies had developed into high-income economies, specializing in areas of competitive advantage. Hong Kong and Singapore have become leading international financial centres, whereas South Korea and Taiwan are leaders in manufacturing electronic components and devices; Taiwan now produces the most advanced semiconductor chips in the world; South Korea has also developed into a major global arms manufacturer. Large institutions have pushed to have them serve as role models for many developing countries, especially the Tiger Cub Economies of Southeast Asia.

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