BEIJING, Aug. 19 (Xinhua) — Financial institutions on the Chinese mainland reported net outward direct investment (ODI) of 2.309 billion U.S. dollars (14.129 billion yuan) in the second quarter of the year, according to China’s top foreign-exchange regulator on Wednesday.
Data from the State Administration of Foreign Exchange showed that ODI outflows from Chinese mainland’s financial institutions, including banks, insurers, and securities firms, reached 6.146 billion U.S. dollars (37.615 billion yuan) in the second quarter of the year, while ODI inflows amounted to 3.837 billion U.S. dollars (23.486 billion yuan) in the same time period.
The calculations only cover equity investments that enable an investor to own 10 percent or more of voting stock in a company. Enditem