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U.S. remains top destination for China's overseas portfolio investment

Xinhua, November 30, 2016 Adjust font size:

The United States remained the top destination for China's overseas portfolio investment at the end of Q2, State Administration of Foreign Exchange data showed Wednesday.

China made about 312 billion U.S. dollars of portfolio investment, including investment in equities and bonds, in overseas markets by June, with 116.6 billion dollars invested in the United States, the administration said on its website.

China's Hong Kong was second, attracting 72.4 billion dollars, followed by the Cayman Islands with 20.3 billion dollars.

Total overseas portfolio investment was 11.11 percent higher compared with last year.

In a breakdown, China made 186.7 billion dollars of overseas equity investment and 125.4 billion dollars of overseas bond investment, the administration said.

China started to publish country-specific figures on overseas portfolio investment in January this year after the country formally joined the Coordinated Portfolio Investment Survey conducted by the International Monetary Fund, at the end of 2015. Endi