Shanghai has leapfrogged Singapore to become the most attractive financial centre for foreign direct investment (FDI), the former improving and the latter reducing the capital expenditure they received between October 2017 and September 2018 compared with a year earlier.
Shanghai’s total of $1.27bn has been earmarked for the opening of new offices or branches and is creating 1462 jobs, according to estimates by greenfield investment monitor fDi Intelligence. This gives it a ratio of nearly one job per $1m invested.
