ELI5: Explain Like I'm 5

Financial centre

A financial centre is like a big piggy bank, where people go to put their money and make more money.

It's like a big city where the important people in finance work. Imagine that it is like a school playground, where the smartest kids are. These kids can make good decisions about money and know how to make more of it by investing it in different things.

Just like on a playground where kids have different things they're good at, there are different financial centres around the world that specialize in different things. Some are good at trading stocks, others are good at managing and investing in big companies, and some are good at helping people save their money for later in life.

People who work in financial centres are like money wizards. They can help people invest their money in the right things so that it grows over time. They also help companies get the money they need to grow and make more things for people to buy.

So, a financial centre is like a big piggy bank that is run by smart money wizards who help people make more money and help companies do important things with their money.