Net inflows of Chinese securities investment abroad in 2019 remain high

China News Service, Beijing, March 27 (Xia Bin) The State Administration of Foreign Exchange of China (hereinafter referred to as the "Foreign Exchange Bureau") released the 2019 China's balance of payments report (hereinafter referred to as the "Report") on the 27th China's securities investment net inflow of 147.4 billion US dollars, although a slight decrease of 8% over the previous year, but still maintained a relatively large scale.

Among them, the net inflow of overseas bond investment in China was US $ 102.5 billion, another record high, an increase of 3%, accounting for 70% of the net inflow of securities investment in China; the net inflow of equity investment was US $ 44.9 billion, a decrease of 26%.

The report believes that the decline in net investment in equity investment is mainly due to the decline in the listing of resident companies in Hong Kong or the financing of additional H shares in 2019, and the net inflow of investment from China absorbed through investment channels such as China Stock Connect is still at a high level and has increased significantly.

In terms of quarters, although the net inflows of securities investment to China in the four quarters fluctuated, they all remained at a high level, with net inflows of 35.7 billion, 26.4 billion, 44.2 billion, and 41.1 billion US dollars, respectively.

From the perspective of the main channels for overseas investment in China's securities, one is that overseas institutions have invested USD 78 billion in the domestic securities market through channels such as QFII (Qualified Foreign Institutional Investor), RMB Qualified Foreign Institutional Investor (RQFII), and direct interbank bond market entry. , An increase of 15%; the second is to invest US $ 50.4 billion through the Shanghai-Shanghai Stock Connect and Shenzhen- Shenzhen Stock Connect channels, an increase of 13%; the third is the non-resident purchase of US $ 22.3 billion in stocks and bonds issued by Chinese resident institutions, a decrease of 60%, Among them are bonds issued by Chinese resident institutions (including central banks) overseas.

The report believes that with the accelerated opening of the financial market in 2019 and the expansion of MSCI and the inclusion of renminbi bonds in the Bloomberg Barclays Global Composite Index, the scale of investment in equity and bond securities in China remains at a high level. (Finish)