Unequal injection
By Feng Jianmin |
May 31, 2012, Thursday
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Print Edition
Print Edition
THE amount of investment Chinese financial institutions made overseas in the first quarter outnumbered the amount of funds the sector received from foreign companies, according to China's first quarterly report on direct investment in the financial sector released yesterday.
Overseas investors have increased their stakes in China's financial institutions in the first quarter of this year, as net direct investment inflow for these firms hit US$620 million, according to data released by the State Administration of Foreign Exchange.
The Chinese domestic financial institutions, including banks, insurers and brokerages, invested a combined US$1.55 billion in the equities of overseas enterprises, the data showed.
Overseas investors have increased their stakes in China's financial institutions in the first quarter of this year, as net direct investment inflow for these firms hit US$620 million, according to data released by the State Administration of Foreign Exchange.
The Chinese domestic financial institutions, including banks, insurers and brokerages, invested a combined US$1.55 billion in the equities of overseas enterprises, the data showed.
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