Beijing’s increased scrutiny over overseas investments hasn’t drastically dampened demand from mainland investors, as reported by China International Capital Corporation (CICC). Despite recent policy tightening, domestic clients show strong interest in legitimate cross-border investments. Qiao Bo, CICC’s head of investment products, emphasized the importance of global diversification in reducing portfolio volatility.
Recently, Beijing has implemented measures to tighten control over cross-border investment, targeting firms that help clients bypass capital controls. While this has raised some concerns in Hong Kong, CICC remains optimistic about the city’s fund development and its open-ended fund company structure. Liu Qingchuan, CICC’s head of asset custody services, expressed confidence in the firm’s growth and the long-term potential of Chinese asset managers in the global market.
