Chinese investment experts debate the significance of a renewed spate of IPOs by Chinese companies on the Nasdaq board in New York.
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11 Sep 2014
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Chinese investment experts debate the significance of a renewed spate of IPOs by Chinese companies on the Nasdaq board in New York.
Protected at home, China’s construction companies will have to modernise to realise global ambitions.
Chinese hot money is rushing overseas, raising a host of implications for the renminbi, domestic monetary policy and wealth managers around the world.
According to the latest Treasury International Capital (TIC) data, China was a net seller of US Treasuries in December, cutting its holdings by $34.2bn (4.3%) to $755.4bn. China’s share of total outstanding short and long-term US Treasury securities among foreign holders declined to 20.9% in December, from 23% at mid-2009. With China’s total holdings retreating to the lowest level since February 2009, Japan has regained the mantle as the largest foreign investor in US Treasury securities, with $768.8 billion in US sovereign debt in December or 21.3% of total foreign holdings of US Treasury securities.
Growth in trade with Asia and "newly rising" economies will take centre stage for China’s trade policy in 2010 and beyond.
China Investment Corporation recently reported its financial results for the first time, noting net profits of $23.1bn in 2008, despite a poor performance overseas.
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