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Overseas inv't in China's financial sector hits US$620 mln in Q1

May. 31, 2012 (China Knowledge) - China's financial institutions, including banks, securities firms, insurers, attracted a net equity investment of US$620 million in the first quarter of this year, according to data released by the State Administration of Foreign Exchange (SAFE) on Wednesday.

Chinese financial institutions saw US$660 million of direct investment and US$40 million of investment exits by foreign investors in Q1.

In the first three months, Chinese financial institutions invested US$1.55 billion in the equities of overseas enterprises, according to the data.

At the end of 2011, equity investment in Chinese financial institutions by overseas investors had reached US$68.43 billion, while these Chinese financial institutions' equity investment in overseas enterprises had hit US$52.66 billion.

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