Apr 05, 2021 (China Knowledge) - China’s State Administration of Foreign Exchange (SAFE) said in a report that in 2020, the country attracted USD 520.6 bln of foreign investment, up 81% from 2019.
Unrelated to financial sector the country’s Foreign Direct Investment (FDI) into China mainland grew by 14% in 2020 amid steady economic recovery and improved business climate. The figure not only marked the largest in the world, but the only major economy that recorded positive growth amid global pandemic.
SAFE’s data also shows that China's securities market saw net inflows of overseas funds totalling USD 254.7 bln in 2020, rising a staggering 73% YoY. Net inflows into Chinese bonds spiked 86% to USD 190.5 bln, while inflows into equities reached USD 64.1 bln, up 43% YoY.
The exchange control administration attributes the significant growth in foreign holdings of Chinese securities' is due the country's promising economic development prospects, prudent monetary policy, and high-level opening up of its financial market.
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