Hong Kong has shown impressive growth in its foreign direct investment attraction, recording the largest global inward investment in the financial services sector.
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Despite contracting investment banking fees in Europe, Turkey, Slovakia and Croatia have bucked the trend with impressive growth.
Hong Kong overtook Singapore in 2012 as Asia's leading financial centre for inward FDI.
A difficult economic climate combined with a number of financial services sector scandals have served to deter investors from making foreign direct investments in Europe, resulting in declines in inflows across the region in 2012.
Turkey’s government wants to establish Istanbul as an international financial hub in time for the country’s 100th anniversary as a republic in 2023. The country's geographical location certainly works to its advantage, but it has much to achieve in just 10 years. Will it succeed?
São Paulo may have retained its position as the leading financial centre in Latin America with regards to financial services activity, but the most impressive deal was pulled off in Mexico.
Offshore financial centres are often looked upon unfavourably, accused of being hubs for tax avoidance or dodgy dealings, but they are vitally important if corporations from developed economies are to stay competitive on a global scale.
With global businesses operating in increasingly regulated conditions, cross-border transactions are becoming more and more complex as governments strive to protect consumers and stimulate trade while minimising risk.
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