Chinese firms gather $3 trillion in foreign investments by year-end 2020
Bloomberg
Mutual fund assets invested with Chinese money and wealth management firms recorded a 36% year-over-year increase in 2020 to €2.44 trillion ($3 trillion).
According to a study conducted jointly by Luxembourg for Finance the country s agency for financial center development and PwC Luxembourg, assets also increased at a 23.9% compound annual growth rate in the past decade, driven by steady investments from European Union-domiciled investment funds.
European investment in Chinese securities run by Chinese firms increased at a compound annual growth rate of 10.4% over the 20 years ended in June, to €298.2 billion, the study said.
Allocations by Europe-domiciled investment funds increased as a proportion of all investments in China to 56.2% at the end of 2020, up from 33.1% at the end of 2017.
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