Shanghai has attracted the highest volumes of financial sector foreign direct investment (FDI) in the Asia-Pacific region in the 12 months to the end of January 2014. About $1.6bn flew into the Chinese hub across a total of 18 projects. This represents an average capital expenditure of just under $88m per project, the highest among top centres in the region.
The largest individual investments into Shanghai’s financial sector were the $160m development of local headquarters for Singapore’s Oversea Chinese Banking Corporation Bank, and the $120m spent to build a precious metal vault for US-based logistics and storage specialist Malca-Amit, which the company expects will be used by both Chinese and international banks.