China gaining ground in business influence

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.