Business
09:40, 28-Nov-2017
China's outbound portfolio investment up by June
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China's overseas portfolio investment continued its upward streak by June with the United States the biggest destination, official data said Monday.
China made about 420.6 billion US dollars of portfolio investments, including investments in equities and bonds, in overseas markets by the end of June, the State Administration of Foreign Exchange said in an online statement.
The reading was nearly 35 percent higher compared to the same period last year.
China made 255.1 billion US dollars of equity investments and 165.5 billion dollars of bond investments.
Nearly a third was invested in the United States, followed by Hong Kong with 122.3 billion US dollars and the Cayman Islands with 26 billion dollars.
China started to publish country-specific figures on overseas portfolio investment in January 2016 after the country joined the Coordinated Portfolio Investment Survey conducted by the International Monetary Fund at the end of 2015.
Source(s): Xinhua News Agency