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Overseas investment portfolio hits $498b

The Chinese mainland's overseas portfolio investment rose last year, with Hong Kong being the prime destination, official data showed. At the end of last year, the mainland's overseas portfolio investment assets (excluding reserve assets) were worth $498 billion, up from $360 billion at the end of 2016, according to the State Administration of Foreign Exchange. Of the total, $304 billion were held in equity investments while the remaining $194 billion flowed into bond investment. In breakdown, nearly a third of the total was invested in Hong Kong, followed by the United States with $145 billion, and the Cayman Islands with $38 billion.

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