Chinese investors look overseas

Asurvey conducted by HSBC Bank (China) Co in March showed that Chinese consumers have a strong desire to embrace a global vision. Among the more than 1,000 people surveyed in eight cities, including Beijing and Shanghai, 80 percent anticipated that their lifestyles will become more internationalized and their connections with the outside world will be strengthened through overseas education, travel, financial management services and investment.

According to the survey, exploiting global investment opportunities is a common trait of those with connections with other countries. Deposits in foreign currency still remain the leading form of overseas investment, according to more than 30 percent of respondents. Meanwhile, other vehicles, including direct overseas investment and investment in foreign markets via qualified domestic institutional investors, domestic funds and bonds, each attracted 12 percent of respondents.

Looking to the future, 70 percent of the respondents expressed their willingness to invest overseas and said the international financial services they most require are access to personal foreign exchange, cross-border remittance transfers, and free withdrawals from ATMs worldwide.