Chinese financial institutions see investment outflow
Print Edition
OVERSEAS direct investment in China’s financial institutions, including banks, insurers and securities firms, saw a net outflow of US$1.29 billion in the first quarter of 2017, the foreign exchange regulator revealed yesterday.
This is an increase from a net outflow of US$1.1 billion in the fourth quarter of 2016, equivalent to roughly half of the net outflow of overseas investment into the industry registered for the whole of 2016, according to data from the State Administration of Foreign Exchange.
In the first three months, China’s financial institutions made net outbound investment of US$1.98 billion in overseas companies, lower than the quarterly average level set in 2016, according to the SAFE.
Last year, China’s financial institutions’ net outbound investment totaled US$9.65 billion in overseas companies, official data showed.
SAFE has released data on a quarterly basis since 2012, as part of its efforts to increase the transparency of foreign exchange data.
Overseas investment to financial organs makes up only a small portion of overall foreign direct investment into China.
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