BEIJING Authentic Ty Montgomery Jersey , May 9 (Xinhua) -- Overseas direct investment into China's financial institutions, including banks, insurers and securities firms, saw a net outflow of 1.29 billion U.S. dollars in the first quarter of 2017 Authentic Montravius Adams Jersey , the nation's foreign exchange regulator revealed Tuesday.


This is an increase from a net outflow of 1.1 billion U.S. dollars in the fourth quarter of 2016, equivalent to roughly half of the net outflow of overseas investment into the industry registered for the whole of 2016, according to data from the State Administration of Foreign Exchange (SAFE).


In the first three months, the country's financial institutions made net outbound investment of 1.98 billion U.S. dollars in overseas companies Authentic Josh Jones Jersey , lower than the quarterly average level recorded in 2016, according to the SAFE.


Last year, China's financial institutions' net outbound investment totaled 9.65 billion U.S. dollars in overseas companies, official data showed.


SAFE has released data on a quarterly basis since 2012 Authentic Kenny Clark Jersey , as part of the regulator's efforts to increase the transparency of foreign exchange statistics.


Overseas investment to financial organs makes up only a small portion of overall foreign direct investment into China.


Earlier official data showed foreign direct investment to the Chinese mainland, excluding the financial institutions, maintained steady growth last year on the back of strong investment in the service industry.


Foreign direct investment rose 4.1 percent year on year to reach 813 billion yuan (around 118 billion U.S. dollars) in 2016.


Photo exhibition on Belt and Road Initiative opens at UN headquarters


Decorations set to greet upcoming Belt and Road Forum in Beijing


Victory in Europe Day commemorated in Berlin


Outgoing French President Hollande meets Merkel in Berlin


Chinese submersible explores turbidity current in South China Sea


Straw art gala held in E China's Shandong


Xinjiang Int'l Grand Bazaar held in Urumqi, NW China


8th China Peking Opera art festival to be held in Nanjing

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