According to statistics from the Financial Supervisory Commission, the amount of investment income repatriated by listed OTC companies in the mainland in the first three quarters of this year was 94.3 billion yuan, soaring to a record high for the same period in history, accounting for 82% of the remittances in the whole of last year. It is estimated that the “tide of money returning to Taiwan” throughout the year will be Breaking through 100 billion yuan, breaking the historical record again; the financial circle predicts that this wave of “salmon returning home” money is expected to flourish until 2024.
Why did Taiwanese businessmen’s funds “abandon the mainland and return to Taiwan”? Bank executives said frankly that mainland China is suffering from supply chain shifts and technological blockades, while domestic problems include a housing market explosion and consumer market growth that has encountered bottlenecks. Internal and external problems have caused the mainland’s economic structure to face its biggest dilemma in 20 years.
On the other hand, Taiwan is nearing the end of destocking. Exports are recovering and the AI technology craze will drive structural growth in Taiwan’s technology industry in the next two years, supporting Taiwan’s economy. The financial circle has even observed that Taiwanese businessmen in the mainland have begun to make money in the past. Money or “capital” such as proceeds from selling factories are repatriated to reduce investment in mainland China.
Financial circles predict that Taiwanese businessmen will actively withdraw from the mainland market and return to Taiwan to reorganize their layout. Taiwan will have the opportunity to welcome a new wave of capital in 2024.
The Financial Supervisory Commission yesterday announced the investment status of listed OTC companies in the mainland and overseas in the first three quarters of 2023. In the first three quarters, investment in mainland China by listed OTC companies only increased by 90.9 billion yuan, a year-on-year decrease of 56%; investment income in the mainland also dropped to 324.2 billion yuan in the first three quarters, a year-on-year decrease of 7.5%, falling for two consecutive years.
On the other hand, the cumulative amount of remittances from mainland China has climbed to 798.3 billion yuan, a significant increase of 94.3 billion yuan in the first three quarters, hitting a new high for the same period in history. Accounting for nearly 30% of investment income, it means that 30% of the money earned in the first three quarters of this year was remitted back to Taiwan.
These three major data show that the income of Taiwanese companies in the mainland market has been declining year by year, and Taiwanese businessmen have cut their new investment in the mainland by half, and they are actively repatriating the money they make in the mainland market to Taiwan.
Shang Guangqi, chief secretary of the Securities and Futures Bureau, said that the investment income of listed OTC companies in the mainland market is actively repatriated, mainly due to the repatriation of surplus and cash dividends in line with the group’s capital planning strategy, among which the electronic components industry is repatriated. The amount is larger.
If we look at this year on a quarterly basis, the amount of remittances in the first quarter was 15.6 billion yuan, increased to a maximum of 45 billion yuan in the second quarter, and remained stable at 33.7 billion yuan in the third quarter. It has obviously increased since June, showing that Taiwanese businessmen’s remittances Most of the repayments are in the form of dividends.
In addition, it is “increasingly difficult for Taiwanese businessmen to make money” in the mainland market. According to statistics, the top three “disastrous industries” for listed companies’ investment income in the mainland market are semiconductors, electronic components and optoelectronics. The main reasons are due to declining market demand and inventory adjustments, such as the listed semiconductor industry.
Statistics show that the investment income of the listed semiconductor industry in mainland China dropped to 42.4 billion yuan at the end of September, a year-on-year decrease of 20%. The listed semiconductor industry was only 400 million yuan, a year-on-year decrease of 84%.
The second worst industry is the electronic components and optoelectronics industry. Investment income in the first three quarters was 47.3 and 12 billion yuan respectively, a decrease of 9 billion yuan and 7.7 billion yuan respectively from the same period last year, a decrease of 16% and 39% respectively.
In addition to the semiconductor industry, the investment income of listed companies in the optoelectronics industry in the first three quarters was 2.3 billion yuan, a decrease of 1.2 billion yuan from the same period last year, a decrease of up to 34%.
According to data from the Financial Supervisory Commission, as of the third quarter of this year, a total of 1,208 listed OTC companies have invested in mainland China, accounting for 71.23% of the total number of listed OTC companies, two fewer than at the end of 2022.
More udn reports
Five-star chef teaches the skill of cooking instant noodles “1 action makes it more flexible”. Never do this after adding eggs
Are your peers jealous?The pretty physiotherapist vents her feelings after being exposed to acid all day long by cheating on her by cheating on her by eating and drinking
The birthday celebration turned into a large-scale car rollover scene…the 40-year-old frozen goddess was “poisoned” by her own people. Net: thought it was her 60th birthday
Experts said he would be disabled for life if he could not be saved. The Golden Horse actor was suffering from a strange illness and once broke down and cried: He didn’t want to live anymore.
2023-12-07 22:39:39
#tide #money #returns #Taiwan #Mainland #China #earnings #return #Taiwan…it #expected #return #funds #strong
