Capital expenditure down but Singapore remains top centre for inward financial FDI
The Asian city state of Singapore attracted more foreign investment in its financial sector than any other IFC in the world over the past year.
Among the world's leading international finance centres, Singapore has attracted the largest levels of foreign direct investment (FDI) in its financial sector over the past year, with just under $1.5bn spent on 49 projects – a capital investment not as high as the previous year but that still secured the Asian financial centre the global lead in this ranking. Of the 20 largest individual projects worldwide, six came out of Singapore, including the biggest deal of the year. This was HSBC’s $788m investment to expand its Singaporean operations and workforce by about 1000 people.
For the full story, please read Singapore top centre for inward financial FDI.
