•Driven by high trading volumes for equities and a good presence of global banking and financial services firms, Mumbai has grabbed a place in the world's top ten financial flow hubs list, beating Hong Kong and Beijing.
•Mumbai has been ranked tenth among the world's biggest centres of commerce in terms of the financial flow volumes
•China got represented by three cities in the top-50 list, with Hong Kong grabbing the fifth position, Shanghai at 32nd and Beijing at 46th position. However, Mumbai was the only Indian city on the list.
•Mumbai, however, did not figure in the individual top-ten list on the five metrics other than financial flow.
•Earlier last year, a committee was set up to draw an outline to turn Mumbai into a global finance centre. The committee submitted its report in April this year and suggested fixing a 2007-2020 timeframe for the city's evolution from India's financial hub to an International Financial Centre.
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