80-683: The Wallisellen–Uster–Rapperswil railway line is a railway line in the canton of Zürich in Switzerland . It is also known as the Glatthalbahn , Glatttalbahn or Glattalbahn ( Gl-TB ), although the latter name is now more commonly used to refer to the Stadtbahn Glattal , a nearby light rail system. The line runs from Wallisellen , where it diverges from the Zürich–Winterthur line to Uster and Rapperswil . A second link from Zürich , via
160-538: A reformed or Protestant canton. Even though Zwingli died in battle in 1531, the canton remained a stronghold of the Swiss Reformed Church over the following centuries. While a plurality of the population is Protestant (43%), 31% of the population was Roman Catholic in 2004, a legacy of considerable immigration from Southern Europe. From the 2000 census , 497,986 or 39.9% belonged to the Swiss Reformed Church , while 380,440 or 30.5% were Roman Catholic . Of
240-463: A centre for finance in the Middle East , including for Islamic finance . The rapid rise of India has enabled Mumbai to become an emerging financial centre. India is also making an International Financial Centre GIFT City from scratch. GIFT city is now functional and has already won the crown of fastest emerging International Finance Centre of South Asia. Linked to the rise of these new IFCs, has seen
320-524: A financial city: "a pool of capital to lend or invest; a decent legal and taxation framework; and high-quality human resources". New York, London, and Tokyo are in every list of major IFCs. Some of the major RFCs (see below), such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs in some lists. These centres appear in all FSF–IMF lists of OFCs and, bar the Caribbean OFCs of the Cayman Islands,
400-542: A leading international financial centre since the 19th century , acting as a centre of lending and investment around the world. English contract law was adopted widely for international finance , with legal services provided in London. Financial institutions located there provided services internationally such as Lloyd's of London (founded 1686) for insurance and the Baltic Exchange (founded 1744) for shipping. During
480-527: A major financial centre in the 1980s as the Japanese economy became one of the largest in the world. Hong Kong and Singapore developed soon after leveraging their links with London and Britain. In the 21st century, other centres have grown including Toronto, Sydney, Seoul, Shanghai and Astana . Astana International Financial Centre has become the fastest growing financial hub in Central Asia. Dubai has become
560-558: A new cantonal constitution was adopted by popular vote, introducing additional direct democratic elements and the popular election of both the cantonal government and the cantonal representatives in the federal Council of States . The new constitution also abolished the death penalty (the last execution by hanging in Zurich took place in 1810, the last public execution by guillotine in 1865), guaranteed freedom of religion and freedom of association and introduced progressive taxes . In 1877,
640-454: A perfect score of 1. It is also a global financial center and has the fourth-highest GRP in Switzerland behind Basel-Stadt , Zug and Geneva by GDP per capita. The prehistoric pile dwellings around Lake Zurich , which are located around Lake Zurich in the cantons of Schwyz , St. Gallen and Zurich, make up a considerable portion of the 56 sites in Switzerland that are included in
720-655: A policy of aggressive territorial expansion especially during the century following the revolution of the guilds in 1336. Zurich joined the Swiss Confederacy in 1351. Zurich claimed and lost the Toggenburg in the Old Zürich War of the 1440s. The northern parts up to the river Rhine came to the canton after the city of Zurich purchased Winterthur from the Habsburgs in 1468. In 1651, Zurich purchased Rafzerfeld from
800-405: A rate of 12.7%. Migration accounted for 10.3%, while births and deaths accounted for 2.6%. Most of the population (as of 2000 ) speaks German (1,040,168 or 83.4%) as their first language, Italian is the second most common (49,750 or 4.0%) and Serbo-Croatian is the third (21,334 or 1.7%). There are 17,685 people who speak French and 2,606 people who speak Romansh . Of the population in
880-533: A series of rivers generally flowing south-east to north-west, listed west to east: Reuss , Reppisch , Sihl , Linth - Limmat (forming Lake Zurich ), Glatt , Töss and Thur . The main lakes are the Lake Zurich (Linth-Limmat, 88 km ), Greifensee (Glatt, 8.4 km ) and Pfäffikersee (Glatt, 3.3 km ). Minor lakes include Türlersee (Limmat), Katzensee (Glatt), Hüttnersee (Sihl), Lützelsee (Limmat). Its neighbouring cantons are Schaffhausen to
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#1732909023086960-472: A six or more room apartment cost an average of 2550.35 CHF (US$ 2040, £1150, €1630). The average apartment price in the city of Zurich was 115.5% of the national average of 1116 CHF. The vacancy rate for the canton, in 2010 , was 0.63%. The historical population is given in the following chart: In 1519, Huldrych Zwingli became the pastor of the Grossmünster in Zurich, and soon thereafter Zurich became
1040-469: A tiny portion of the village of Laufen-Uhwiesen called Nohl . The blazon of the coat of arms is Per bend azure and argent. The Cantonal Council ( Kantonsrat ) has 180 members elected every four years. The canton is governed by a seven-member council ( Regierungsrat ). On 24 March 2019, the following were elected for four years: The canton is divided into 12 districts (German: Bezirke ): There are, as of December 2015 , 169 municipalities in
1120-420: A wide range of financial services , for example relating to mergers and acquisitions , public offerings , or corporate actions ; or which participate in other areas of finance , such as private equity , hedge funds , and reinsurance . Ancillary financial services include rating agencies , as well as provision of related professional services , particularly legal advice and accounting services. As of
1200-1212: A working paper on OFCs, but which also proposed a taxonomy on classifying the various types of global financial centres, which they listed as follows (with the description and examples they noted as typical of each category, also noted): The IMF noted that the three categories were not mutually exclusive and that various locations could fall under the definition of an OFC and an RFC, in particular (e.g. Singapore and Hong Kong were cited). International Financial Centres, and many Regional Financial Centres, are full–service financial centres with direct access to large capital pools from banks, insurance companies, investment funds, and listed capital markets, and are major global cities . Offshore Financial Centres, and also some Regional Financial Centres, tend to specialise in tax-driven services, such as corporate tax planning tools , tax–neutral vehicles, and shadow banking / securitisation , and can include smaller locations (e.g. Luxembourg ), or city-states (e.g. Singapore). Since 2010, academics consider Offshore Financial Centres synonymous with tax havens . The IMF noted that OFCs could be set up for legitimate purposes (listing various reasons), but also for what
1280-545: Is German for Glattal railway , or Glatt valley railway. The river Glatt is a tributary of the river Rhine flowing from Greifensee lake to Glattfelden in Switzerland . The original section of the railway line from Wallisellen to Uster was opened in 1856 by the Glatttalbahn company. That company was taken over by the Vereinigte Schweizerbahnen (VSB) one year later in 1857, and that company extended
1360-458: Is a diverse range of financial centres worldwide. While New York and London often stand out as the leading global financial centres, other established financial centres provide significant competition and several newer financial centres are developing. Despite this proliferation of financial centres, academics have discussed evidence showing increasing concentration of financial activity in the largest national and international financial centres in
1440-599: Is a mountain located near Fischenthal in the Töss Valley, between the cantons of Zurich (west) and St. Gallen (east). It is the highest summit (1,292 m (4,239 ft)) of the canton of Zurich. The Uetliberg is part of the Albis Range. This mountain is popular with the population of the city of Zurich for recreation. The vast majority of the canton lies to the south of the Rhine, the exceptions being Rafzerfeld as mentioned and
1520-406: Is not considered as an agricultural area. The lands to the north and east are more agricultural, but in every part of the canton manufacturing predominates. The canton of Zurich is noted for machinery. Silk and cotton weaving were important in the past, but have now ceased to be of importance. There is a large paper industry. Small and middle sized companies are important contributors to the economy of
1600-405: Is the most populous canton of Switzerland. Zurich is the de facto capital of the canton, but is not specifically mentioned in the constitution. The official language is German . The local Swiss German dialect, called Züritüütsch , is commonly spoken. The canton has the highest Human Development Index score (0.994) out of 1,790 subnational regions as of 2022, coming the closest to
1680-464: Is used for agricultural purposes, while 30.7% is forested. Of the rest of the land, 20.1% is settled (buildings or roads) and 5.8% is unproductive land. Most of the canton consists of shallow river valleys which drain towards the High Rhine to the north. Rafzerfeld is a territory north of the Rhine acquired by the canton in 1651. In the northwest and southeast of the canton the territory rises towards
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#17329090230861760-470: The 2007 Federal election (33.9% in 2007 vs 29.8% in 2011). The SPS retained about the same popularity (19.8% in 2007), as well as the FDP (13.2% in 2007), while the glp was the big winner of the election (7.0% in 2007). Zurich has a population (as of December 2020 ) of 1,553,423. As of 2010 , 23.7% of the population are resident foreign nationals. Over the last 10 years (2000–2010) the population has changed at
1840-542: The Abbey of St. Gall . In c. 760 , an administrative re-organisation under counts Ruthard and Warin exempted the castle town of Zurich from comital rule. A county of Zürichgau was established under Louis the Pious , for a count Ruadker, in 820. Zürichgau ( Zurichgeuue ) remained a nominally separate territory in the later 9th century but was often ruled by the same count as Thurgau. In 915, Zürichgau together with Thurgau fell to
1920-673: The Bucharding dukes of Swabia . In the late 10th century, the county of Zurich was ruled by the Nellenburger , and during 1077–1172 by the Lenzburger . By the 13th century, Zürichgau was divided between the Habsburgs and the Kyburger , who held the territory west and east of Lake Zurich, respectively. The territory of the canton of Zurich corresponds to the lands acquired by the city of Zurich after it became reichsfrei in 1218. Zurich pursued
2000-531: The Canton of Aargau . In 1804 the Kantonspolizei Zürich was established as Landjägerkorps (rural police). A cantonal constitution was drawn up in 1814 and replaced in 1831 by a radical-liberal constitution. The Züriputsch , an armed uprising of the conservative rural population against the radical-liberal order , led to the dissolution of the cantonal government, and a provisional conservative government
2080-860: The Global Financial Centres Index and the Xinhua–Dow Jones International Financial Centres Development Index . The Global Financial Centres Index ("GFCI") is compiled semi-annually by the London -based think tank Z/Yen in conjunction with the Shenzhen -based think tank China Development Institute . The 36th edition of the GFCI was published in September 2024. Old finance centres such as Amsterdam, London, Paris, and New York have long histories . Today there
2160-570: The Italian city-states (such as Venice and Genoa ) of the late medieval and early Renaissance periods while Florence can be said to be the birthplace of double-entry bookkeeping from the publication and proliferation of the work of Luca Pacioli . In the sixteenth century, the overall economic supremacy of the Italian city-states gradually waned, and the centre of financial activities in Europe shifted to
2240-804: The Jura and Alps , respectively. The valley of the Linth leads into the Lake Zurich and continues as the Limmat . This valley is the most significant valley of the canton of Zurich. The valley of the Glatt originates in the Greifensee and is separated from the Limmat by ridges. The valley of the Töss is gorge-like. It is located in the east of the canton and is separated from the Toggenburg area in
2320-457: The Low Countries , first to Bruges , and later to Antwerp and Amsterdam which acted as Entrepôt cities. They also became important centres of financial innovation, capital accumulation and investment. By the early 1800s, London officially replaced Amsterdam as the world's leading financial centre. London and Paris were the world's only prominent financial centres throughout most of
2400-723: The Zürichberg Tunnel , joins the line just before Dübendorf , and both routes are used by through trains from Zürich. The line also has junctions with the Effretikon to Hinwil line , at Wetzikon , and the Tösstalbahn , at Rüti . At Rapperswil, it connects with the Lake Zurich right bank line , the Rapperswil to Ziegelbrücke line , and the Südostbahn over the Seedamm . The name Glattalbahn
2480-470: The canton of St. Gallen by a mountainous area. The Hörnli (1133 m) is the highest elevation of this mountain ridge. The valley of the river Sihl is located in the west of the canton. In converges with the Limmat in the city of Zurich. The Sihl is separated from the lake of Zurich by the Albis Range . The Albishorn (915 m (3,002 ft)) is the highest elevation of this range. The Schnebelhorn
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2560-500: The tertiary sector , with 58,796 businesses in this sector. In 2008 the total number of full-time equivalent jobs was 678,306. The number of jobs in the primary sector was 8,120, of which 7,771 were in agriculture, 320 were in forestry or lumber production and 29 were in fishing or fisheries. The number of jobs in the secondary sector was 133,723 of which 81,212 or (60.7%) were in manufacturing, 774 or (0.6%) were in mining and 47,014 (35.2%) were in construction. The number of jobs in
2640-406: The "outer bailiwicks" ( Äussere Vogteien ) were ruled by the reeves of Kyburg , Grüningen , Greifensee , Eglisau , Regensberg , Andelfingen , Wädenswil , and Knonau . The city of Winterthur was nominally subject to Zurich but retained far-reaching autonomy. Zürichgau , the name of the medieval pagus , was in use for the territories of the city of Zurich during the 15th and 16th century;
2720-589: The 11th century in the Kingdom of England at the annual fair of St. Giles and in the Kingdom of Germany at the Frankfurt autumn fair, then developed in medieval France during the Champaign Fairs. The first real international financial centre was the city state of Venice which slowly emerged from the 9th century to its peak in the 14th century. Tradable bonds as a commonly used type of security, were invented by
2800-595: The 19th century. After 1870, Berlin and New York grew to become major financial centres mainly serving their national economies. An array of smaller international financial centres found market niches , such as Amsterdam, Brussels , Zurich , and Geneva . London was the leading international financial centre in the four decades before World War I . Since then, New York and London have developed leading positions in different activities and some non-Western financial centres have grown in prominence, notably Tokyo , Hong Kong , Singapore and Shanghai . London has been
2880-582: The 2024 edition of the Global Financial Centres Index , New York City , London and Hong Kong ranked top 3 globally, while other well known financial centres include Singapore , Shanghai , Frankfurt and Tokyo , amongst others. In April 2000, the Financial Stability Forum ("FSF"), concerned about OFCs on global financial stability produced a report listing 42 OFCs. In June 2000, the International Monetary Fund (IMF) published
2960-477: The 20th century London played an important role in the development of new financial products such as the Eurodollar and Eurobonds in the 1960s, international asset management and international equities trading in the 1980s, and derivatives in the 1990s. London continues to maintain a leading position as a financial centre in the 21st century, and maintains the largest trade surplus in financial services around
3040-499: The 20th century. A first airport was built at Dübendorf in 1910, replaced by the international airport at Kloten in 1948. Rapid urbanisation expanded throughout the canton and beyond in the final decades of the 20th century, further accelerated by the S-Bahn from 1990, with only a few municipalities in Weinland , Knonaueramt and Oberland remaining out of easy commuting distance to
3120-477: The 21st century. Others have discussed the ongoing dominance of New York and London, and the role linkages between these two financial centres played in the financial crisis of 2007–08 . Comparisons of financial centres focus on their history, role and significance in serving national, regional and international financial activity. Each centre's offering includes differing legal, tax and regulatory environments. One journalist suggested three factors for success as
3200-605: The 56 Swiss sites of the UNESCO World Heritage Site , each of these 11 prehistoric pile dwellings is also listed as a Class object in the Swiss inventory of cultural property of national and regional significance . Zurihgauuia (Zürichgau) was a subdivision of Turgowe (Thurgau) in the Duchy of Alamannia , consisting roughly of the territory between Reuss and Töss . From the 740s, substantial portions of Zürichgau were owned by
3280-539: The British Virgin Islands, and Bermuda, represent all the major OFCs. Some also appear as RFCs in various lists, particularly Hong Kong, and Singapore. They also appear on most lists of major tax havens , and on lists of the largest Conduit and Sink OFCs in the world. In some lists, RFCs such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs, however, they do not appear in all lists. They are certainly major RFCs. Primitive financial centres started in
Wallisellen–Uster–Rapperswil railway line - Misplaced Pages Continue
3360-542: The Cantonal Laboratory Zurich was founded in order to regulate the quality of food and drinking water. The first cantonal chemist was Haruthiun Abeljanz , who was instrumental in setting up the new laboratory, moving it from an unpromising start in converted storage rooms to Lintheschergasse 10, which was located just behind the Pestalozziwiese, a memorial to Johann Heinrich Pestalozzi . The Cantonal Bank
3440-468: The Conduit OFC's extensive networks of global bilateral tax treaties . Because Sink OFCs are more closely associated with traditional tax havens, they tend to have more limited treaty networks and access to global higher–tax locations. Prior to the 1960s, there was little data available to rank financial centres. In recent years many rankings have been developed and published. Two of the most relevant are
3520-493: The IMF called dubious purposes , citing tax evasion and money–laundering. In 2007, the IMF produced the following definition of an OFC: a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy . The FSF annual reports on global shadow banking use the IMF definition to track the OFCs with
3600-526: The UNESCO World Heritage Prehistoric pile dwellings around the Alps . Nine of these UNESCO World Heritage sites are located on the shore of Lake Zurich: Freienbach–Hurden Rosshorn , Freienbach–Hurden Seefeld , Rapperswil-Jona/Hombrechtikon–Feldbach , Rapperswil-Jona–Technikum , Erlenbach–Winkel , Meilen–Rorenhaab , Wädenswil–Vorder Au , Zürich–Enge Alpenquai and Kleiner Hafner . Because
3680-511: The academic lists of tax havens include all the FSF–IMF OFCs). In July 2017, a study by the University of Amsterdam 's CORPNET group, broke down the definition of an OFC into two subgroups, Conduit and Sink OFCs : Sink OFCs rely on Conduit OFCs to re–route funds from high–tax locations using base erosion and profit shifting ("BEPS") tax planning tools, which are encoded, and accepted, in
3760-536: The canton ( Politische Gemeinden ). There were no changes between 1934 and 2013, but the following occurred after 2013. In the 2011 federal election the most popular party was the SVP which received 29.8% of the vote. The next three most popular parties were the SP (19.3%), the FDP (11.6%) and the glp (11.5%). The SVP received about the same percentage of the vote as they did in
3840-456: The canton almost in monarchical fashion, and was popularly dubbed Alfred I. or Tsar of All Zurich . Escher controlled all cantonal institutions, at first with very little political opposition, expunging all trace of the conservative takeover of 1839. Under Escher, the city of Zurich rose to the status of economic and financial center it still retains. Opposition against the dominance of Sytstem Escher increased after 1863. The cantonal government
3920-408: The canton of Zurich. The city of Zurich is a major banking centre, and insurance is also of importance. In 2014, about 1.2% of the workers in Zurich work in the primary sector (the total for all of Switzerland is 3.3%). In 2014 the secondary sector employed 145,744 or about 14.7% of the total, which is much lower than 21.8% for the entire country. Of those in the secondary sector, over a quarter of
4000-520: The canton, 314,394 or about 25.2% were born in Zurich and lived there in 2000. There were 291,631 or 23.4% who were born in the same canton, while 284,461 or 22.8% were born somewhere else in Switzerland, and 310,532 or 24.9% were born outside of Switzerland. As of 2000 , children and teenagers (0–17 years old) make up 20.5% of the population, while adults (18–64 years old) make up 64.4% and seniors (over 64 years old) make up 15%. As of 2000 , there were 531,094 people who were single and never married in
4080-401: The canton. There were 566,636 married individuals, 66,012 widows or widowers and 84,164 individuals who are divorced. As of 2000 , there were 567,573 private households in the canton, and an average of 2.1 persons per household. There were 223,869 households that consist of only one person and 27,935 households with five or more people. As of 2009 , the construction rate of new housing units
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#17329090230864160-599: The city. The current constitution replaced the one of 1869 in January 2006. The Antiquarische Gesellschaft in Zürich is an organization devoted to preserving the canton's history, the Staatsarchiv Zürich houses the state archives. The canton of Zurich is situated in the eastern part of the Swiss plateau . It is entirely within the drainage basin of the High Rhine . It is characterized by Glacial landform and traversed by
4240-440: The counts of Sulz . At this point, almost all of the territory of the modern canton (as well as some territories beyond its modern borders) was owned by Zurich; exceptions include Wülflingen (acquired 1760), Buch (acquired 1761), Dietikon , which was a condominium , and Rheinau (owned by Rheinau Abbey ). In the 18th century, the "inner bailiwicks" ( Innere Vogteien ) were under direct administration of city officials, while
4320-416: The focus of new worldwide growth. One source described New York as extending its lead as the world's centre of finance in September 2018; according to Reuters , the think-tank New Financial concluded the "raw" value of domestic and international financial activity like managing assets and issuing equity underscored the position of New York as the world's leading financial centre. New York City remains
4400-460: The lake has grown in size over time, the original piles are now around 4 metres (13 ft) to 7 metres (23 ft) under the water level of 406 metres (1,332 ft). Within an area of about 40 square kilometres (15 sq mi) around Lake Zurich, there also the settlements Greifensee–Storen/Wildsberg at the Greifensee and Wetzikon–Robenhausen at the Pfäffikersee. As well as being part of
4480-592: The largest centre for trading in public equity and debt capital markets , driven in part by the size and financial development of the U.S. economy . The NYSE and NASDAQ are the two largest stock exchanges in the world. New York also leads in hedge fund management; private equity ; and the monetary volume of mergers and acquisitions . Several investment banks and investment managers headquartered in New York City are important participants in other financial centres. The New York Federal Reserve Bank ,
4560-419: The largest financial centres relative to their domestic economies. Progress from 2000 onwards from IMF – OECD – FATF initiatives on common standards, regulatory compliance , and banking transparency, has reduced the regulatory attraction of OFCs over IFCs and RFCs. Since 2010, academics considered the services of OFCs to be synonymous with tax havens , and use the term OFC and tax haven interchangeably (e.g.
4640-481: The largest within the Federal Reserve System , regulates financial institutions and implements U.S. monetary policy , which in turn influences the world's economy. The three major global credit rating agencies – Standard and Poor's , Moody's Ratings , and Fitch Ratings – are headquartered or co–headquartered in New York City, with Fitch being co–headquartered in London. In Asia , Tokyo emerged as
4720-431: The line from Wallisellen to Rapperswil, no fewer than six lines traverse some part of the line, providing a high frequency of service to many stations. The following lines operate on sections of the line: Canton of Z%C3%BCrich The canton of Zurich is an administrative unit ( canton ) of Switzerland, situated in the northeastern part of the country. With a population of 1,553,423 (as of 31 December 2020), it
4800-535: The line to Rapperswil . The VSB was in turn taken over by the Swiss Federal Railways (SBB) in 1902. The original roundhouse at Uster railway station is preserved. At Bubikon , the Wallisellen to Rapperswil line was crossed by the former Uerikon to Bauma railway (UeBB). The section of this line from Bubikon in the direction of Bauma was closed in 1948 and little now remains. The line towards Uerikon
4880-524: The north, Aargau to the west, the cantons of Zug and Schwyz to the south and the cantons of Thurgau and St. Gallen to the east. It also has an international border with the German district of Waldshut and though only for 460 m (1,510 ft)) the district of Konstanz in Baden-Württemberg owing to its short border with Stemmer , an outlying hamlet belonging to the municipality which forms
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#17329090230864960-417: The population) who were Islamic . There were 5,878 individuals who were Buddhist , 6,024 individuals who were Hindu and 1,456 individuals who belonged to another church. 165,324 (or about 13.25% of the population) belonged to no church, are agnostic or atheist , and 50,090 individuals (or about 4.01% of the population) did not answer the question. Most of the land is cultivated, but the canton of Zurich
5040-517: The rest of the population, there were 29,592 members of an Orthodox church (or about 2.37% of the population), there were 1,435 individuals (or about 0.11% of the population) who belonged to the Christian Catholic Church , and there were 70,897 individuals (or about 5.68% of the population) who belonged to another Christian church. There were 6,461 individuals (or about 0.52% of the population) who were Jewish , and 66,520 (or about 5.33% of
5120-543: The rise of "partner OFCs" (offshore tax-havens to which funds are routed), such as Taiwan (a major Sink OFC for Asia, and 7th largest global Sink OFC), Mauritius (a major Sink OFC for South Asia, especially India, and Africa, and the 9th largest global Sink OFC). The private nationwide financial system in China was first developed by the Shanxi merchants , with the creation of so-called "draft banks". The first draft bank Rishengchang
5200-787: The second largest concentration of hedge funds (847 according to HedgeLists.com). London benefits from its position between the Asia and U.S. time zones, and benefited from its location within the European Union , although this ended on 31 January 2020 when the United Kingdom left the European Union following the Brexit referendum of 2016. As well as the London Stock Exchange , the Bank of England ,
5280-543: The second oldest central bank, is in London, although the European Banking Authority moved to Paris after Brexit. Since the middle of the 20th century, New York City, represented by Wall Street in Manhattan's Financial District , has been described as a leading financial centre. Over the past few decades, with the rise of a multipolar world with new regional powers and global capitalism , numerous financial centres have challenged Wall Street, particularly London and several in Asia, which some analysts believe will be
5360-460: The small German enclave of Büsingen am Hochrhein . The canton can be roughly divided into the city and lake, the Unterland in the northwest, the Oberland in the southeast, the Weinland and Winterthur in the northeast, and the Knonaueramt southwest of the Albis . The Zurich Metropolitan Area extends beyond the cantonal borders. The canton has an area, as of 2011 , of 1,728.8 square kilometers (667.5 sq mi). Of this area, 43.4%
5440-413: The term canton ( Kanton ) gradually entered use in the 16th century, but Zürichgau remained widely used well into the 19th century (becoming obsolescent after the formation of the modern canton in 1831). Under the short-lived Helvetic Republic (1798–1803), the canton of Zurich became a purely administrative division. In 1803, some former possessions of Zurich to the west gained independence as part of
5520-470: The tertiary sector was 536,463. In the tertiary sector; 105,226 or 19.6% were in the sale or repair of motor vehicles, 38,005 or 7.1% were in the movement and storage of goods, 33,417 or 6.2% were in a hotel or restaurant, 35,571 or 6.6% were in the information industry, 81,163 or 15.1% were the insurance or financial industry, 65,139 or 12.1% were technical professionals or scientists, 36,792 or 6.9% were in education and 63,800 or 11.9% were in health care. Of
5600-448: The tertiary sector, the fourth largest sub-sector (in 2008) was financial services with 6.2% of the tertiary total. As of 2010 , Zurich had an unemployment rate of 3.9%. As of 2008 , there were 12,507 people employed in the primary economic sector and about 4,227 businesses involved in this sector. 143,231 people were employed in the secondary sector and there were 11,383 businesses in this sector. 655,848 people were employed in
5680-419: The workers worked in construction trades and 9.5% worked in general construction. Additionally, almost 9% of the workers manufactured electronics. The tertiary sector employed 836,410 or about 84.1% of the total, which is much higher than 74.9% nationwide. This number has increased by about 180,000 since 2010 while the population in the canton has only increased by 73,000 over the same time period. Of those in
5760-962: The working population, 37.4% used public transportation to get to work, and 41.8% used a private car. Financial centre A financial centre ( financial center in American English ) or financial hub is a location with a significant concentration of participants in banking asset management , insurance , and financial markets , with venues and supporting services for these activities to take place. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds , insurers, and hedge funds ), and issuers (such as companies and governments). Trading activity can take place on venues such as exchanges and involve clearing houses , although many transactions take place over-the-counter (OTC), directly between participants. Financial centres usually host companies that offer
5840-475: The world. However, like New York, it faces new competitors including fast-rising eastern financial centres such as Hong Kong and Shanghai. London is the largest centre for derivatives markets , foreign exchange markets , money markets , issuance of international debt securities , international insurance , trading in gold, silver and base metals through the London bullion market and London Metal Exchange , and international bank lending . London has
5920-433: Was 5.3 new units per 1000 residents. As of 2003 the average price to rent an average apartment in the city of Zurich was 1288.84 Swiss francs (CHF) per month (US$ 1030, £580, €820 approx. exchange rate from 2003). The average rate for a one-room apartment was 733.01 CHF (US$ 590, £330, €470), a two-room apartment was about 1009.94 CHF (US$ 810, £450, €650), a three-room apartment was about 1192.66 CHF (US$ 950, £540, €760) and
6000-469: Was accused to continue the system of aristocratic rule liberalism had claimed to abolish. The oppositional Democratic Movement was centered in Winterthur , led by mayor Johann Jakob Sulzer and publicist Salomon Bleuler. They succeeded in imposing the introduction of the direct democratic instrument of the popular initiative in 1865, which precipitated a revision of the cantonal constitution. In April 1869,
6080-461: Was again ousted by a radical-liberal election victory in 1844. Alfred Escher was a member of the new cantonal parliament of 1844; he was elected to the cantonal government in 1848 and later in the same year into the first National Council under the new federal constitution . The radical-liberal era of 1844–1868 was dominated by the so-called System Escher , a network of liberal politicians and industrialists built by Alfred Escher. Escher governed
6160-576: Was created in 1823 in Pingyao . Some large draft banks had branches in Russia, Mongolia and Japan to facilitate the international trade. Throughout the nineteenth century, the central Shanxi region became the de facto financial centres of Qing China. With the fall of Qing Dynasty, the financial centres gradually shifted to Shanghai , mainly due to its geographical location at the estuary of the Yangtze River and to
6240-528: Was established in 1870 to regulate cantonal loans at fixed interest rates to farms and businesses. A law of proportional representation was passed in 1916, favouring the rise of the Social Democrats . A proposal for the introduction of female suffrage was rejected in 1920; female suffrage was introduced on the municipal level in 1969 and on the cantonal level in 1970, shortly before its imposition by federal law, passed in 1971. Economic growth continued in
6320-509: Was installed by colonel Paul Carl Eduard Ziegler. Under the threat of intervention of the other radical-liberal cantons of the Confederacy, the provisional government declared that the 1831 constitution would remain in effect. In a tumultuous session on 9 September 1839, the cantonal parliament declared its dissolution In the so-called Septemberregime , the newly elected cantonal government replaced all cantonal officials with conservatives, but it
6400-466: Was largely closed at the same time, but a short stretch is still in use as a siding. Today the line carries trains of the Zürich S-Bahn and freight traffic. The line is double track from Wallisellen to Uster, and is then single track with shorter stretches of double track between Aathal and Wetzikon, Bubikon and Rüti, and Jona and Rapperswil. Whilst no single S-Bahn line traverses the full length of
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