Chinese financial institutions see net FDI inflows in Q2

0 Comment(s)Print E-mail Xinhua, August 10, 2017
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China's financial institutions, including banks, insurers and securities firms, saw net investment inflows from overseas investors in the second quarter of 2017, data from the nation's foreign exchange regulator showed.

Foreign direct investment (FDI) to China's financial institutions came in at 3.4 billion U.S. dollars during the April-June period, while 1.32 billion U.S. dollars of investment flowed out, resulting in 2.08 billion U.S. dollars of net inflows, according to the State Administration of Foreign Exchange (SAFE).

This was in contrast to the 1.29-billion-USD net investment outflows logged in the first quarter of the year.

Meanwhile, the country's financial institutions made a net investment of 455 million U.S. dollars overseas during the April-June period, down from 1.98 billion U.S. dollars in the first quarter, the data showed.

SAFE has been publicizing the data on a quarterly basis since 2012, as part of the regulator's efforts to increase the transparency of foreign exchange statistics.

Earlier official data showed foreign direct investment to the country's non-financial sectors edged down 0.1 percent year on year to 441.54 billion yuan (about 66.1 billion U.S. dollars) in the first six months.

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