Shanghai and New York––similar, but different It’s not without ample reason that many refer to New York City (NYC) as the financial capital of the world. Recent affront by the city of London, aside, there are a few distant challengersemerging in East Asia. In particular,Shanghai has become a base for manyinternational corporations, and stock listingsfor leading Chinese firms. Shanghai and New York - similar, but different It’s not without ample reason that many refer to New York City (NYC) as the financial capital of the world. Recent affront by the city of London, aside, there are a few distant challengersemerging in East Asia. In particular, Shanghai has become a base for many international corporations, and stock listings for leading Chinese firms.