FinTech firms have the largest foreign direct investments in the nation, with the country having the fourth-highest FDI flows in Asia-Pacific, according to a new report from the Australian Business Review.
The report, published this week, shows that there are over $3 billion in FDI from overseas in Australia’s offshore financial sector, up from $2.4 billion in 2015.
In total, there are more than 8,000 FDI companies operating in Australia, with an average of about $300 million invested each year.
This figure includes offshore investments from Singapore, the Cayman Islands, the Netherlands, Hong Kong and the United Kingdom.
The report also noted that the number of Australian companies in the offshore sector has doubled over the last two years.
Firms that have invested heavily in the sector include the US-based investment firm Lazard (Lazard Group), Australia’s biggest FDI provider by FDI, which has made more than $3.3 billion from FDI.
In the past two years, Lazard has made an average $2 billion a year in FDOI from its Australian operations.
The largest FDI flow in Australia is from Hong Kong, with $1.2 billion invested each month in the territory.
Lazard has also invested $1 billion into the Indian IT sector.
This investment is the second largest in the Asia- Pacific region, following Singapore’s $1 trillion investment.
Australian companies have invested a total of $1,087 million into Australia’s IT sector, with investments totaling $2,074 million from 2012 to 2019.FDI from Singapore has made up almost half of the investment in the IT sector over the same period.
The Australian Government also invested more than £50 million in the UK’s Fintech sector in 2016, with a total value of more than €1.5 billion.
Fiduciaries, legal, tax and other businesses are the sectors that are the most heavily invested in Australia.
Australia is the fifth-largest FDI recipient in the world, according the report.
This comes after the US saw an average growth of $9 billion a month in FODs between 2014 and 2019, while China saw an annual average growth rate of just $3 million.
The Global FinTech Index for the Americas is the only major Asia-PACED region where the number one-ranked FDI-spending nation, Singapore, was still a dominant player in 2017.
China has the highest FDI inflows from overseas.
It invested $2bn in India in the fourth quarter of 2017, while Australia had the third-highest average growth in the FDI category.
The US is the largest FOD recipient from China in the region.
The UK and France have the second and third highest inflows of FDI respectively from the country, while Singapore is the fourth highest FOD donor.FIDCI funds are the largest source of FOD in the United States, with over $17 billion invested annually in FIDCI.
FinTech firms, which account for almost two-thirds of the total FDI stream, are investing heavily in Australia for a number of reasons.
In addition to the FIDIC funds, there is a significant amount of money invested in Australian infrastructure, especially roads and rail.
Australia has also seen a significant increase in its FDI into the telecommunications sector, which is the fastest growing sector in the global economy.
It is the third most significant sector in Australia after retail and construction.
According to the study, FDI accounts for more than a quarter of the country’s GDP and has been growing steadily in the past five years.
FinDEX, a global financial data and analysis firm, published its first Global FinDEX Data Hub in January 2018.
It was launched as a global research platform and provides global data on FDI activity, FOSDEX and FOD flows from FOS and FDI sectors, including infrastructure, finance, finance services and technology.