Chinese financial institutions report net FDI inflows in Q3
CGTN
1542006212000

China's financial institutions, including banks, insurers and securities firms, saw net investment inflows from overseas investors in the third quarter, according to the country's foreign exchange regulator.

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(File Photo: VCG)

Foreign direct investment (FDI) in China's financial institutions came in at 2.9 billion US dollars during the period, while 2.64 billion US dollars of investment flowed out, resulting in a 258-million-US-dollar net inflow, according to the State Administration of Foreign Exchange (SAFE).

The country's financial institutions made a net overseas investment of 1.75 billion US dollars in the July-September period.

China has become the largest recipient of FDI in the first half of 2018, according to the United Nations Conference on Trade and Development.

In the first nine months, new overseas companies set up in China surged 95.1 percent to 45,922, according to the Ministry of Commerce.

SAFE has been publishing data on a quarterly basis since 2012 to increase the transparency of foreign exchange statistics.