Shanghai attracts record foreign capital in 2019

Bright colours glow and reflect on the river in this night view of the Bund in Shanghai. Shanghai has made steady growth in overseas investment and an estimated US$19.05bil of foreign capital entered the city in 2019. - China Daily/ANN

SHANGHAI: An estimated US$19.05bil of foreign capital entered Shanghai in 2019, a new high in the city's history, the municipal government said Friday (Jan 10).

An average of over US$52mil of foreign capital was invested in Shanghai daily, as the regional headquarters of 720 foreign-funded multinational companies as well as 461 foreign-funded R&D centres landed in the city by the end of 2019.