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A country's key location for international and domestic, commercial and government financial transactions. Financial centres are often in a country's capital, e.g. Tokyo, Paris, Brussels and the City in London, but financial centres in non-capital cities include New York, Chicago, Frankfurt, Milan, Hong Kong, Sydney, Toronto and Osaka.
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financial centre UK US UK (US financial center) noun [C] FINANCE
► a city where a lot of financial activities happen, and there are many banks and financial organizations, and often a stock exchange: »
They recognise that London remains Europe's financial centre.
► the part of a city where most of the financial organizations and financial activities are: »
They worked in an elegant building in the heart of Chicago's financial center.
Financial and business terms. 2012.