LOCOmonitor Monthly Investment Monitor Global (MIM) edition
Welcome to the September-October 2004 edition of MIM. This edition has a special focus on the Financial Services sector. Since 2002, we have recorded almost 800 financial services companies investing overseas. These companies have accounted for over 1500 FDI projects.
China, UK, USA and India have been the most successful locations attracting investment projects in financial services. China has attracted 13% of global FDI projects in the financial services sector. The UK is consolidating its position as an international financial centre and has been the major location for Financial Services FDI in Europe. Other locations such as Russia, Romania and Poland are emerging as key locations in Europe. US companies are the key active investors in the financial services followed by the UK. Indian financial companies such as ICICI Bank and Vijaya Bank are rapidly becoming global players.
Typically, Financial Services companies expand overseas by establishing representative offices or branches. Financial Services companies are also an important source of front/back office projects and headquarters.
In the spotlight on outward investment from UK, Business & Financial Services is the major sector for FDI from UK. UK has a 13% global market share of FDI projects in Business & Financial Services. Other key sectors for FDI from the UK include ICT and Heavy Industry. The US and India are leading destinations for FDI projects from UK followed by China and Ireland.
HSBC is one of the key investors from UK. Besides its major operations in India and China, HSBC has recently invested in 19 other countries.
In September-October 2004 all FDI indicators including number of projects, jobs and capital investment increased slightly since the last period.
