In the news: Outbound investment explodes and Hong Kong firms to advise on PRC law

July 18, 2013 | BY

clpstaff &clp articles

China outbound investment reaches $84 billion in a report from UN Trade and Development Conference and Hong Kong firms may be allowed to merge and advise on PRC law in Guangdong

Outbound investment reaches $84 billion

China Daily reported that the country moved from sixth place to third in outward foreign direct investment last year, placing just behind Japan and the US. The data comes from the United Nations Conference on Trade and Development. The World Investment Report 2013 from the same organisation cited a survey where 60% of investment agencies ranked China as the most promising source of FDI.

Source: China Daily

The government has placed great emphasis on China outbound investment and with the total amount reaching $84 billion; its efforts are obviously working. It would be interesting to see how much of that investment was from private companies, which the government has also been trying to push into outbound investment. The space has been dominated by state-owned enterprises for years.

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