{
  "id": 19670,
  "title": "Cross-border investment still ‘robust’ despite China’s growing controls: CICC",
  "url": "https://urgent.news/2026/07/31/cross-border-investment-still-robust-despite-chinas-growing-controls",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-31T02:00:31.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/banking-finance/article/3362458/cross-border-investment-still-robust-despite-chinas-growing-controls-cicc"
  },
  "original_language": "en",
  "account": "China International Capital Corporation (CICC) reports that cross-border investments remain \"robust\" despite China's increasing restrictions, according to a statement from the company. CICC's head of investment products and solutions, Qiao Bo, noted that demand from domestic clients for legitimate cross-border investments is still strong. Beijing has recently introduced measures to tighten control over cross-border investment activities, such as cracking down on firms aiding mainland clients in evading capital controls and investing in overseas stocks. On Friday, China announced personal-income taxes on offshore trusts to close a tax loophole.\n\nCICC remains optimistic about Hong Kong's fund development prospects and its open-ended fund company structure. Qingchuan Liu, CICC's head of asset custody services, expects double-digit annual growth for the firm based on its long-term positive view of Chinese managers going global and cross-border capital flows between the two markets. As Chinese entrepreneurs expand overseas, they create substantial demand for US dollar asset financial management and allocation, according to Qiao Bo.\n\nChinese asset managers are increasingly choosing Hong Kong as their primary base for going global, with CICC being the biggest sponsor of initial public offerings in the city during the first half of the year. Over 130 mainland private equity firms hold a \"type 9\" licence in Hong Kong, authorising them to act as asset managers. More than 40 of these players are domestic private funds with more than 10 billion yuan (US$1.48 billion) in assets.\n\nHong Kong's asset management industry reached a record HK$42.2 trillion (US$5.4 trillion) in assets last year, up around 20 per cent from the previous year, according to the Securities and Futures Commission data. Mainland Chinese private managers primarily extend their operations to Hong Kong first, with most investors initially selecting Greater China assets that align with domestic investment frameworks.",
  "summary": "Beijing’s heightened scrutiny of overseas portfolio investment and tax practices has yet to significantly weaken mainland investors’ demand for legitimate cross-border investments, according to China International Capital Corporation (CICC). The Beijing-headquartered investment bank is still seeing “robust” demand from its domestic clients, though the long-term effects of the policy tightening…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}