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Rankings & dataMay 1 2012

Singapore and Hong Kong fight off Asian FDI rivals

Singapore and Hong Kong continue to attract the highest levels of foreign direct investment among Asian international finance centres. But there is change afoot elsewhere, with increasing levels of investment in Beijing causing it to replace Shanghai as the third most attractive Asian IFC for FDI.
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Singapore and Hong Kong fight off Asian FDI rivals

Singapore and Hong Kong top the ranking of international financial centres (IFCs) in Asia by the volume of foreign direct investments (FDI) into their financial sectors. Capital expenditure for the rankings has been calculated by adding estimated values for projects where information had not been disclosed to publicly available information.

Between March 2011 and February 2012, Singapore attracted $2.79bn of FDI and Hong Kong $2.4bn, and their combined totals accounted for more than half of the total FDI into the Asian financial sector. Hong Kong recorded increases in both project numbers and capital expenditure, compared to the same period in 2010/11, and aggregate project numbers and capital expenditure for Asian IFCs also witnessed an increase. But, despite attracting 17 more projects in the 2011/12 period, Singapore recorded $342m less capital than in the 2010/11 period.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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