DJ China Overseas Equity Investment Up 54% To $4.07B In '05
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BEIJING (Dow Jones)--Overseas equity investments by Chinese investors last year totaled US$4.07 billion, accounting for 58.8% of total overseas direct investments in the non-financial sector, said the Ministry of Commerce Friday.
Another $2.85 billion, or 41.2% of the total, were profits reinvested overseas, said the ministry in a statement published on its Web site.
China's overseas direct investments in the non-financial sector in 2005 totaled US$6.92 billion, up 26% from the previous year, it said. The ministry first disclosed the total overseas investment figure last month.
Equity investments increased 54% from the previous year in 2005, it said. Profit reinvestments last year, a preliminary estimate based on the 2004 figure, was at the same level as the year before, said the ministry.
Of last year's equity investments made by Chinese investors overseas, direct investment in Asia amounted to $2.453 billion, or 60.3% of the total, it said. Most of these investments were in Hong Kong, South Korea and Thailand.
The three top sectors for equity investment were manufacturing, with $1.178 billion; mining, with $1.169 billion; and the data transfer, computer service and software industry, with $1.071 billion, said the ministry.
Chinese companies spent $1.77 billion in setting up factories overseas in 2005, accounting for 43.5% of the total equity investment; while investment through mergers and acquisitions reached $2.3 billion, or 56.5% of the total equity investment, it said.
-Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com
-Edited by Sharon Buan
(END) Dow Jones Newswires |
