Shanghai seeks more foreign investments

Part of the financial hub’s sales pitch was for Singapore entities to invest in urban renewal projects across the city, designed to inject fresh life into otherwise-dated locales. — Bloomberg

SINGAPORE: Shanghai officials have Singapore in their sights as China’s financial capital seeks more foreign investments amid a broader economic slowdown in the country, and as the city’s own economy underperforms.

The officials mounted an investment promotion event in Singapore on Jan 29, touting Shanghai as an attractive destination to an audience of over 140 people, including representatives from Singapore businesses and professional bodies.