London top dog for investments

LONDON remains the most attractive city for global investment, according to a study by KPMG.

Shanghai and Hong Kong are close behind, however, and other emerging market cities are catching up, KPMG and the Greater Paris Investment Agency said in an annual report.

Sao Paolo enjoyed a 160 per cent surge in international investment over the last two years, while Moscow saw a 60 per cent jump.

New York has returned to the top ten, becoming the fifth most popular destination for global cash, KPMG said.

China and India together attract 25 per cent of investments in the top 22 destinations, the research showed.

But the top five cities secured half of all investment in the top financial hubs, it added.