Sydney
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Sydney has the largest economy in Australia, notable for its importance in trading, finance, and distribution. The City of Sydney has a dedicated unit that develops economic strategies through research and facilitating trade, investment, and partnerships. Nearly half of Australia's banks are based in Sydney, including nine foreign subsidiary banks and all local foreign bank branches, with major international banks like Citigroup and HSBC located there as well.
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Sydney
- 1. Economy The economy of Sydney is notable for its importance in the areas of trading, finance and distribution in Australia. Sydney has the largest economy in Australia.
- 2. City of Sydney has a dedicated Strategy and Economic Development Unit which develops strategy, policy and programs for the Citys sustainable economic development.Staff engage with businesses and chambers of commerce, undertake strategic economic research and facilitate trade, investment and partnerships in the City.
- 4. Banking industryOf the 54 authorized deposit-taking banks with operations in Australia, 44 are based in Sydney. This includes nine of the 11 foreign subsidiary banks in Australia and all of the 29 local branches of foreign banks. Major authorized foreign banks in Sydney include Citigroup, UBS Australia, Mizuho Corporate Bank, HSBC Bank Australia and Deutsche Bank. Other global banks have established highly successful back office operations in Sydney.
- 6. Sydney's City Centre is a hub of cultural, tourism, business and retail intensity. The Opera House, Sydney Harbour Bridge, the Harbour and the night skyline are iconic and its villages provide continuing delight and surprise for visitors who take the time to explore a little further afield.