Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. Sydney is one of the busiest commercial hubs in the Asia-Pacific region with a cosmopolitan population, many historic sites, museums and parks. Sydney’s city centre offers visitors a huge variety of attractions, including designer boutiques, fine restaurants, hip bars and lavish department stores.
The city fans out from the focal point of Circular Quay. This transport hub is within walking distance of the city’s star attractions – Sydney Harbour Bridge and the Sydney Opera House.
As the financial and economic hub of Australia, Sydney has grown to become a wealthy and prosperous city. The largest economic sectors in Sydney include property and business services, retail, manufacturing, and health and community services. Since the 1980s, jobs have moved from manufacturing to the services and information sectors.
The Australian Securities Exchange and the Reserve Bank of Australia are located in Sydney, as are the headquarters of 90 banks and more than half of Australia's top companies, and the regional headquarters for around 500 multinational corporations.
Sydney hosts many different festivals and some of Australia's largest social and cultural events. These include the Sydney Festival, the Biennale of Sydney, the Big Day Out, the Sydney Film Festival, Sculpture by the Sea and many more. In 2010, Sydney was ranked 7th in Asia and 28th globally for economic innovation in the Innovation Cities Top 100 Index by innovation agency 2thinknow. Sydney also ranks among the top 10 most liveable cities in the world according to Mercer Human Resource Consulting.