Cross-border investment still ‘robust’ despite China’s growing controls: CICC

China International Capital Corporation (CICC) reports that mainland investors' demand for legitimate cross-border investments remains robust, despite Beijing's increased scrutiny and tightening controls on overseas portfolio investment and tax practices. CICC sees strong demand for global diversification and expects double-digit annual growth in its asset management scale, particularly with Chinese managers using Hong Kong as a base for global strategies.