BEIJING, Nov. 16 (Xinhua) -- China now sees bright prospect for cross-border investment amid the opening-up and should attach importance to private business cooperation as well as setting up platform for Chinese enterprises to go global, according to experts at China Investment Corporation (CIC) Forum 2018 held in Beijing.
Most international industrial cooperation comes from private business cooperation, and there is huge potential in innovating financing tools for international cooperation, according to Zhou Xiaochuan, president of China Society for Finance and Banking.
Private capital is more market-oriented and flexible with high efficiency and broader innovation potential, compared with governmental investment, Zhou said.
China's domestic investors have made non-financial direct investment in 4,597 foreign enterprises in 155 countries and regions in the first three quarters of the year, realizing accumulative investment of 82.02 billion U.S. dollars, up 5.1 percent year on year, official data showed.
However, the increasing trade conflict and protectionism in some countries have brought uncertainties to the domestic enterprises' outbound investment. Moreover, the increasing complexity in international industrial division of labor and the information asymmetry have also added on the difficulty of cross-border investment, according to Tu Guangshao, vice president of China Investment Corporation (CIC). (Edited by Jiang Feifan, Niu Huizhe)
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