Friday, June 1, 2012

Direct Investment Overseas by Domestic Financial Institutions USD 1.55 Bn in 12Q1


Source: State Administration of Foreign Exchange, ChinaScope Financial (Data)
+       In order to increase the transparency of foreign exchange statistics, SAFE has decided to publish data on the foreign direct investment (FDI) inflow and outflow of domestic financial institutions on a quarterly basis and the stock of foreign direct investment on a yearly basis.
+       On May 30, SAFE released data showing that the balance of overseas direct investment by domestic financial institutions was USD 52.66 billion at the end of 2011. In 2012Q1, overseas direct investment by Chinese financial institutions was USD 1.55 billion. In 2012Q1, none of China’s financial institutions’ overseas direct investment was withdrawn, making the net overseas investment amount USD 1.55 billion.
+       As of the end of 2011, the balance of foreign direct investment into Chinese financial institutions was USD 68.43 billion. In 2012Q1, direct investment into domestic financial institutions was USD 660 million. In 12Q1 foreign direct investment in Chinese financial institutions worth USD 40 million was withdrawn, making the net FDI inflow USD 620 million.

Chinese financial institutions’ direct investment overseas is rapidly increasing

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