From "following" to "first launch", many foreign financial institutions continue to increase their investment in China
2024-08-24
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
Original title: From "following" to "first launch", many foreign financial institutions continue to increase their investment in China
CCTV News: Recently, many foreign financial institutions have launched new products and businesses in China, deployed high-quality Chinese assets, and increased investment in the Chinese market. According to data from the State Administration of Foreign Exchange, in July, foreign capital increased its net holdings of domestic bonds by US$20 billion, a 1.4-fold increase from the previous month. In the first half of the year, foreign capital increased its net holdings of domestic bonds by nearly US$80 billion, the second highest value in the same period in history. Foreign investors are still very active in allocating RMB assets.
Many foreign financial institutions are launching new products and conducting business in China
Allianz Fund, which was just approved to open in China in April, is currently selling its first fund product, which will mainly invest in the new productivity industry chain and China's high-quality assets. This year, Neuberger Berman Fund, whose registered capital in China has increased by 40%, recently announced that it has recently been approved for a new fund product, which will focus on China's energy transformation and technology upgrade track.
Foreign financial institutions actively invest in high-quality Chinese assets
Since the beginning of this year, the Ministry of Commerce and many other ministries have frequently introduced policies and measures to support foreign investment in China and guide more high-quality foreign capital to enter the capital market for long-term investment. As the pace of institutional opening-up in China's financial sector continues to accelerate, foreign financial institutions' participation in investment in China's high-quality assets is shifting from "following" to "first launch", and the scale of products is also growing steadily.
Middle Eastern funds accelerate their layout in China's capital market
Standard Chartered Securities, the first newly established wholly foreign-owned securities company, has focused its business in China on the bond market. Not only are foreign financial institutions continuously increasing their business in China, but also various funds from the Middle East are paying increasing attention to Chinese assets. Currently, in China's capital market, funds from the Middle East have been involved in listed company stocks, initial public offerings (IPOs), equity investments and other fields.
Zhang Yiming, executive director of CICC's global equity business, said that data from CICC's trading platform showed that the overall transaction volume of customers in the Middle East increased by more than 30% year-on-year in 2023. So far this year, the increase in transaction volume has maintained a certain growth rate. Middle Eastern customers who have invested in the Chinese market are looking at long-term investment opportunities in the Chinese market for at least 5 or even 10 years. They value and are optimistic about China's market size advantages, domestic demand potential advantages, innovative investment opportunities brought about by the vigorous development of new quality productivity, and the long-term stability and growth of the Chinese economy.
Source: CCTV.com
