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.
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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financial institutions’ overseas direct investment was withdrawn, making the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.
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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worth USD 40 million was withdrawn, making the net FDI inflow USD 620 million.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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