financial industry in Zurich
The Manufacturing Industry in Zurich
Executive summary
The financial industry mainly includes the banking, insurance, trust companies, securities firms and leasing industry. Zurich is one of the three major financial centres in the world which has long been known as a world leader in private banking services arena. Because of this, a substantial amount of assets transferred to Zurich throughout the world as well as the world’s financial industry professionals has gathered here. However, Zurich is facing challenges from other financial centres, such as London. Their bank secrecy has made limited concessions to pressures from countries which are facing economic recession.
Introduction
With the increasing economic and business that comes with globalization, especially with the arrival of the information technology revolution. Human society is entering the information society from industrial civilization to information civilization. Likewise, financial industry which attracting a great deal of attention towards the information age. Global financial industry becomes more digital, integrated and ultra large scales, showing the unprecedented fierce competition situation. Zurich, as one of the world financial centers famous for its private banking services, which are attracting a great deal of attention. Although Zurich has a large number of capital and talents, their bank secrecy is facing threats and challenges. This report will describe the global financial industry major trends as well as its development status and future trends in Zurich from the political economic and social perspective.
Industry Analysis
Industry overview and major trends
The financial industry is a unique industry which manages the financial products; its sub-industries mainly include banking, insurance, trust companies, securities firms and leasing industry (http://wiki.mbalib.com/wiki/financial industry 2013, para.1). The financial industry is one of the world’s most influential
Executive summary
The financial industry mainly includes the banking, insurance, trust companies, securities firms and leasing industry. Zurich is one of the three major financial centres in the world which has long been known as a world leader in private banking services arena. Because of this, a substantial amount of assets transferred to Zurich throughout the world as well as the world’s financial industry professionals has gathered here. However, Zurich is facing challenges from other financial centres, such as London. Their bank secrecy has made limited concessions to pressures from countries which are facing economic recession.
Introduction
With the increasing economic and business that comes with globalization, especially with the arrival of the information technology revolution. Human society is entering the information society from industrial civilization to information civilization. Likewise, financial industry which attracting a great deal of attention towards the information age. Global financial industry becomes more digital, integrated and ultra large scales, showing the unprecedented fierce competition situation. Zurich, as one of the world financial centers famous for its private banking services, which are attracting a great deal of attention. Although Zurich has a large number of capital and talents, their bank secrecy is facing threats and challenges. This report will describe the global financial industry major trends as well as its development status and future trends in Zurich from the political economic and social perspective.
Industry Analysis
Industry overview and major trends
The financial industry is a unique industry which manages the financial products; its sub-industries mainly include banking, insurance, trust companies, securities firms and leasing industry (http://wiki.mbalib.com/wiki/financial industry 2013, para.1). The financial industry is one of the world’s most influential
References: International Service of the Swiss Broadcasting Corporation, 2012. Franc faces return to unwanted “safe haven” tag. [Online] [viewed 26 September 2013]. Available at: http://www.swissinfo.ch/eng/business/Franc_faces_return_to_unwanted_safe_haven_tag.html?cid=32805028 Jianying, Z., 2006 Qingxiao, 2013. The global financial industry structure adjustment and reform of the system. finance and economics, pp.1- pp.3. Swiss population statistics department, 2006. Economic and financial developed harmonious city life. Economic Daily News, 09 August, p.1. Wang, Y. 2013. Where competitiveness come from. [Online] [viewed 29 September 2013]. Zhao, J. 2007. Zurich will built the world 's third largest financial center planning. [Online] Available at: http://www.cs.com.cn/xwzx/04/200710/t20071011_1220075.htm Zhou, J. 2008. The financial centre Zurich, Beijing: China academic journal electronic publishing house.