First News
Volume:7, Number:36
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Business & Finance 4

Foreign Investors Leery of Going into China

China has taken steps in the past 12 months to lure more money from global investors to its financial markets, but the charm offensive has not yet yielded a gush of funds from hesitant foreigners. Investors have cited several issues as roadblocks, including lengthy registration processes and confusion over tax rules on capital gains, the Wall Street Journal (WSJ) said in a report on March 5. China has rolled out various measures to attract foreign money, including opening its USD9-trillion bond market to overseas investors, and launching a trading link between the Hong Kong and Shenzhen bourses. The link lets foreigners trade the shares of some of China's fastest-growing companies. Recently, regulators allowed foreign investors in the bond market to buy financial products traded domestically that will let them hedge currency risks. But while foreigners might have long sought to invest in stocks and bonds in China, they seem hesitant to put their money in the Asian giant, it added.

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