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Wan LixinOpinion deputy editor of Shanghai Daily
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US top spot for China’s investment
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THE United States remained the top destination for China’s overseas portfolio investment at the end of the second quarter, State Administration of Foreign Exchange data showed yesterday.
China’s mainland made about US$312 billion of portfolio investment, including investment in equities and bonds, in overseas markets by June, with US$116.6 billion invested in the US, SAFE said on its website.
Hong Kong was second, attracting US$72.4 billion, followed by the Cayman Islands with US$20.3 billion.
Total overseas portfolio investment was 11.11 percent higher from last year.
The mainland made US$186.7 billion of overseas equity investment and US$125.4 billion of overseas bond investment, SAFE said.
China started to publish specific figures on overseas portfolio investment in January.
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