China\u2019s state assets watchdog has established a new department to oversee foreign investments, as firms continue to expand their global footprint amid an increasingly turbulent geopolitical outlook.<\/p>\n
The new bureau, launched by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on Wednesday, will guide state-owned enterprises in their international operations, according to its website.<\/p>\n
It will also be responsible for helping firms optimise and restructure their overseas assets, as well as strengthening risk prevention for their investments and handling emergencies and crises abroad.<\/p>\n
A growing number of Chinese firms have looked to overseas markets<\/a> for new growth opportunities in recent years, as they continue to face sluggish demand and intensifying competition at home.China is a net exporter of capital<\/a>, with outbound direct investments rising 7.1 per cent to US$174.38 billion last year, data from the Ministry of Commerce showed.And while a number of high-profile private firms are rapidly going global<\/a>, state-owned firms still dominate China\u2019s overseas investments. According to the latest statistical bulletin, state assets accounted for 64.6 per cent of the country\u2019s outward foreign direct investment stock in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s state assets watchdog has established a new department to oversee foreign investments, as firms continue to expand…\n","protected":false},"author":2,"featured_media":592387,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[8580,45,49,48,95,27958,46,225372,1259,45254,81986,58350,225370,772,153670,20147,225371],"class_list":{"0":"post-592386","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-china","13":"tag-chinese","14":"tag-economy","15":"tag-mao-ning","16":"tag-middle-east","17":"tag-ministry-of-commerce","18":"tag-nicolas-maduro","19":"tag-sasac","20":"tag-state-owned-assets-supervision-and-administration-commission-of-the-state-council","21":"tag-united-states","22":"tag-us-treasury-department","23":"tag-venezuela","24":"tag-zhu-kai"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/592386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=592386"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/592386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/592387"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=592386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=592386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=592386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}