China’s Capital Market Dilemma

M. S. S. Namaki

Chapter 13 in Strategic Thinking for Turbulent Times, 2014, pp 99-105 from Palgrave Macmillan

Abstract: Abstract The Chinese government has a problem. Put simply, the problem is how to invest substantial present and future reserves strategically. China’s foreign exchange reserves, and the derived sovereign wealth funds, have been growing and the outlook is for more of the same. A near US$3.44 trillion of reserves was available in April 2013, and a derived approximate US$1 trillion of sovereign wealth funds was also available. Attempts at acquiring cross-border assets were made but the scale and the outcome did not match the size of possible input or the potential in the global asset market. And failures did occur. The question that arises, therefore, is how can China manage its global acquisition effort and what strategy should be pursued. This chapter provides an attempt at answering these questions.

Keywords: Foreign Direct Investment; Foreign Investment; Outward Foreign Direct Investment; Industry Concentration; Strategic Thinking (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-41400-7_14

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DOI: 10.1057/9781137414007_14

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