China gaining ground in business influence
Updated: 2016-01-27 08:11
By Zhong Nan(China Daily)
|
|||||||||
Pakistani workers assemble photovoltaic cells at the Abubakar Jinnah Solar Industrial Park in Punjab province. The photovoltaic cell project has got an investment of $1.5 billion from ZTE Energy Co Ltd and will be completed in 2017.[Photo/Xinhua] |
China and Germany are becoming the strategic sources of new investment capital after the United States and the United Kingdom, a new survey said on Tuesday.
According to the 2015 annual investor relations survey conducted by global investment firm BNY Mellon, China moved up to the third place from fifth and Germany to fourth from seventh displacing Singapore and Japan in the process.
BNY Mellon is a depositary for more than 2,700 United States and global depositary receipt programs. The survey-Global Trends in Investor Relations-is in its 10th year. It is based on results from 550 respondents in 54 countries and regions, and covers sectors such as financials, industrials, consumer, technology and healthcare.
According to the survey, the top two concerns for respondents over the next five years are the systemic market and political risks. Uncertainty over new regulatory environments is now ranked fifth among the concerns, compared with a third ranking in the 2014 survey.
Yin Zonghua, vice-chairman of the China Council for the Promotion of International Trade, said the surge in China's outbound direct investment including merger and acquisition deals, as well as greenfield investment, can be attributed to a host of developments that have taken place both outside and inside China.
Within the country, a relaxed policy environment, abundant cash reserves and a rising private sector have spurred Chinese companies to learn from their foreign rivals and seek bargains overseas via M&As.
With China's business influence rising, a growing number of foreign companies in developed countries are keen to partner or work with Chinese companies.
On the five most important new sources of investment capital in the next five years, the survey's rankings as chosen by respondents are: the US (91 percent), the UK (76 percent), China (50 percent), Germany (45 percent) and Singapore (44 percent).
"China's ongoing structural changes are also taking place in the global economy, driven by market interests and policy supports, domestic companies have accelerated the pace of 'going global' to diversify global market channels through making outbound direct investment," said Feng Yaoxiang, CCPIT's spokesman.
CCPIT will publish the risk assessment report and legal guide on markets along the Belt and Road Initiative this year to assist and ensure its companies can safely provide financial services, infrastructure and manufacturing projects in these overseas markets.
The initiative, proposed by China in 2013, is a trade and infrastructure network that includes the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The planned network connects Asia, Europe and Africa and passes through more than 60 countries and regions.
- A glimpse of Spring Rush: little migrant birds on the way home
- Policy puts focus on genuine artistic students
- Police unravel market where babies are bought, sold as commodities
- More older pregnant women expected
- Netizen backlash 'ugly' Spring Festival Gala mascot
- China builds Mongolian language corpus
- Special envoy to visit Laos and Vietnam
- El Nino expected to wreak havoc in S. America well into 2016
- Police officer rescues frightened sloth at corner of busy highway
- US Secretary of State visits Laos, aiming to boost ties
- 2 Chinese nationals killed, 1 injured in suspected bomb attack in Laos
- New York, Washington clean up after fatal blizzard
- Creation of China Daily's Tibetan-style font
- Drone makers see soaring growth but dark clouds circle industry
- China's Zhang reaches Australian Open quarterfinals
- Spring Festival in the eyes of Chinese painters
- Cold snap brings joy and beauty to south China
- First trains of Spring Festival travel depart around China
- Dough figurines of Monkey King welcome the New Year
- Ning Zetao, Liu Hong named China's athletes of the year
Most Viewed
Editor's Picks
8 highlights about V-day Parade |
Glimpses of Tibet: Plateaus, people and faith |
Chinese entrepreneurs remain optimistic despite economic downfall |
50th anniversary of Tibet autonomous region |
Tianjin explosions: Deaths, destruction and bravery |
Cinemas enjoy strong first half |
Today's Top News
National Art Museum showing 400 puppets in new exhibition
Finest Chinese porcelains expected to fetch over $28 million
Monkey portraits by Chinese ink painting masters
Beijing's movie fans in for new experience
Obama to deliver final State of the Union speech
Shooting rampage at US social services agency leaves 14 dead
Chinese bargain hunters are changing the retail game
Chinese president arrives in Turkey for G20 summit
US Weekly
Geared to go |
The place to be |