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Economy | Time:Nov 13 2017 4:09PM
Chinese financial institutions record net FDI inflows in Q3
 
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(Xinhua) -- Chinese financial institutions recorded some 1.23 billion U.S. dollars of net foreign direct investment (FDI) in the third quarter of this year.

In the July-Sept. period, a total of 3 billion dollars of foreign investment flowed into Chinese financial institutions, including banks, insurers and securities firms, while 1.8 billion dollars of investment flowed out, said the State Administration of Foreign Exchange (SAFE).

This is the second straight quarter of net investment inflow, following 2.1 billion dollars of net inflows in the second quarter and 1.3 billion dollars of net investment outflows logged in the first quarter.

Financial institutions invested about 2.8 billion dollars overseas, up from 2.6 billion dollars in the second quarter. However, some 3.5 billion dollars of outbound investment flowed back to China in the same period, SAFE 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.

In the first nine months, the FDI into China's non-financial sectors edged up 1.6 percent, compared with a 0.2-percent drop during the January-August period.
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