Refresh a new high in history! Foreign capital is turning back. The Financial Supervisory Commission announced on the 5th that the cumulative net inward remittances of foreign capital for the whole year of 2023 will be as high as 29.4794 billion U.S. dollars, equivalent to more than NT$910 billion, setting a record for the largest net inward remittances on record. Compared with the net remittances for the whole year of 2022, With an investment of 410 billion yuan, foreign investment more than doubled last year’s “admittance and compensation”. Among them, a total of 620 billion yuan was remitted in the two months of November and December alone, and the funds came back quickly and quickly.
All-time high! Foreign capital will “admit mistakes and make amends” in 2023 with a net inflow of 910 billion yuan.File photo: Central News Agency
Foreign capital’s net remittances in 2022 were 410 billion yuan. However, Taiwan’s stock market rose by 26.83% in 2023. In November and December 2023, net remittances quickly turned around, with net inflows reaching US$11.264 billion and US$8.677 billion respectively, the largest and largest in history respectively. The third largest single-month net remittance amount also allowed foreign capital to shift from net outflows to net inflows, and the cumulative total for the year set a record.
The Financial Supervisory Commission analyzed today that net foreign capital inflows in December were US$8.677 billion, mainly due to the slowdown in global inflationary pressures. It is expected that the U.S. Federal Reserve will end its interest rate hike cycle, and the market is focusing on the timing of interest rate cuts, driving the U.S. 10-year Treasury bond yield down. , coupled with the market situation on the eve of Taiwan’s election, attracted foreign investment to overbuy Taiwan stocks.
Three of the top four highest single-month records in history are set in 2023
Officials from the Securities and Futures Bureau said that among the top three single-month records in the history of net foreign capital inflows, the first was US$11.257 billion in November last year; the second was US$9.216 billion in November 2022; and the third was December. Net inward remittances were US$8.677 billion. The fourth largest was in January last year (2012), when foreign capital net inflows in a single month were US$7.554 billion.
The second largest net inflow of foreign capital in history occurred in November last year. Analysis by the Securities and Futures Bureau showed that US inflation data had cooled, and the Federal Reserve’s attitude had become more relaxed, raising market expectations that interest rate hikes were coming to an end. US 10-year government bonds Yield rates turned downward, driving foreign funds to overbuy Taiwan stocks.
The second largest in history occurred in November 2011, with a net inward remittance of US$9.216 billion. This was mainly due to lower-than-expected U.S. inflation data, the market’s belief that the Federal Reserve is expected to adjust its aggressive interest rate hike policy, and investors’ substantial purchases of Taiwan’s leading semiconductor stocks. Affected by other factors, foreign investors’ confidence in investing in Taiwan stocks has increased.
Foreign capital has been remitted for four consecutive months since July. The cumulative net remittances in these four months have reached 14.805 billion U.S. dollars, which is nearly 480 billion New Taiwan dollars. However, in November alone, the net remittances were 350 billion yuan. The remittance amounted to nearly 270 billion yuan, equivalent to a total remittance of 620 billion yuan in just two months.
According to statistics from the Financial Supervisory Commission, from December 1, 2020 to December 31, 2020, overseas foreign institutional investors, overseas Chinese and foreign natural persons had a cumulative net remittance of approximately US$8.677 billion; mainland capital had a cumulative net remittance of approximately US$00.4 million. From January 1, 2020 to December 31, 2020, overseas foreign institutional investors, overseas Chinese and foreign natural persons had a cumulative net remittance of US$29.464 billion; mainland capital had a cumulative net remittance of approximately US$15.7 million. In terms of on-site inventory, as of December 31, 2012, the cumulative net remittance was approximately US$245.455 billion.
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Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.
2024-01-05 09:53:02
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