From January to September 2019, the actually utilized foreign capital of Southwest China’s Chongqing Municipality, was USD 6.547 billion, with a year-on-year increase of 3.11%, according to the Chongqing Municipal Commerce of Commission. The amount of foreign capital utilized grew steadily, and the manufacturing and financial industries led in the sectors of foreign investment in the municipality.
There were newly-added 143 newly-added foreign-invested enterprises.
Source of Investment
Foreign investors in the first nine months of this year come from 38 countries (regions). The top three contractual foreign investors were Hong Kong, investment companies and Singapore, and their contractual investment accounted for 87.79% of the municipality’s total. In terms of the actual use of foreign capital, Hong Kong, Singapore, and the British Virgin Islands were at the top. Their investment already in place accounted for 59.19% of the total.
Investment in different industries
The contracted foreign capital of the secondary and tertiary industries was USD 618 million and USD 1.619 billion respectively, accounting for 27.63% and 72.34% of the total.
Source: Chongqing Municipal Commission of Commerce
The actually utilized foreign capital in these two industries was USD 2.945 billion and USD 3.6 billion respectively, accounting for 44.99% and 55%. Contractual foreign investment mainly came from leasing and business services (USD 1.086 billion, accounting for 48.5%), manufacturing (USD 582 million, accounting for 25.99%), wholesale and retail (USD 343 million, accounting for 15.31%).
The actually utilized foreign capital mainly came from manufacturing (USD 2.908 billion, accounting for 44.42%), the financial industry (USD 1.458 billion, accounting for 22.28%), leasing and business services (USD 791 million, accounting for 12.08%).