HK Business News

Hong Kong Should Surpass London as Financial Capital by 2015

Written by Robson Hayashida

Hong Kong should surpass London as a major financial capital of the world in 2015, according to estimates from a study of the English company financial analysis CEBR .The survey found the number of jobs available in the financial services industry in four regions: London, Hong Kong, New York and Singapore .

In 2015, Hong Kong should end the year with 247,912, against 237,134 jobs in the financial sector in London.

Although the absolute number of vacancies are higher in New York than in London, the research points out that, technically, London already has a more important role as a financial capital, because most of the jobs in New York are targeting the U.S. economy itself and are not for international services.

Still, in absolute numbers, Hong Kong can overcome New York a year later. The largest city in the United States should close 2016 with 252,543 jobs in the financial sector, while Hong Kong will have 262,043.

The research presented a series of labor market developments in the financial sector for all regions from 2006. Check it out.

Year London Hong Kong New York Singapore
2006 342,968 160,624 285,150 106,300
2007 354,134 172,967 287,997 109,700
2008 323,714 185,148 282,550 123,600
2009 305,375 182,270 256,736 121,900
2010 315,000 190,839 255,807 126,000
2011 280,350 202,835 262,431 145,500
2012 249,512 206,993 254,102 156,400
2013 237,036 219,413 243,692 160,400
2014 236,494 235,210 246,429 170,024
2015 237,134 247,912 249,746 182,266
2016 238,681 262,043 252,543 192,108
2017 240,605 277,241 254,238 203,058

About the author

Robson Hayashida

Robson Hayashida has over two decades of experience in the computer industry in product development, support, training, and e-marketing. Mr. Hayashida has been working on writing ColdFusion Web Application series, as well as multiple books on SQL, Regular Expressions, Java Server Pages, WAP, Windows development, and has recently being involved in multiple Meteor / MongoDB and Node.JS projects and more.