China Overseas Investment Network

The China Overseas Investment Network (COIN) connects EY professionals around the globe, facilitates collaboration and provides consistent and coordinated services to our Chinese clients to make outbound investments.


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China overseas investment global network

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Overview of China outbound investment of the first three quarters of 2023

China's ODI sustained growth, while overseas M&A value rebounded amid volume contraction, the market recovery remains uncertain. China's overall ODI amounted to US$114 billion, up 6.7% YOY.

Empowering high-quality development of the Belt and Road

These reports, viewed through the lenses of sustainability and digitalization, summarize the progress, achievements and trends in jointly building the Belt and Road (B&R) since 2013. They also showcase cases and experiences of some Chinese enterprises participating in B&R construction, offering valuable insights to encourage more Chinese and multinational companies to participate in the high-quality development of the BRI.

Overview of China outbound investment of H1 2023

China’s outward direct investment maintains growth momentum, overseas M&A in Latin America and Oceania surges despite the total continues to decline. China overall ODI was US$75.4 billion in H1 2023, up 9.6% YOY.

Overview of China outbound investment Q1 2023

China outward direct investment made a positive start, while overseas M&A activities remain sluggish. China overall ODI was US$40.5 billion in the Q1 2023, representing a significant increase of 18% YOY.

Overview of China outbound investment of 2022

Outward direct investment was generally stable whilst overseas M&As continued to decrease with pick-up in some regions and sectors. China overall ODI reached US$146.5 billion in 2022, up 0.9% YOY.

Overview of China outbound investment of the first three quarters of 2022

Outward direct investment generally stable with slower overseas M&A activities. China overall ODI reached US$106.8 billion in the first three quarters of 2022, down 0.3% YOY and the Q3 figure increased 10% from that of Q2.

Overview of China outbound investment of H1 2022

Outward direct investment generally stable with a rebound of overseas M&As in Q2; caution is exercised for the future. China overall ODI reached US$68.8 billion in H1 2022, down 3.6% YOY.

Overview of China outbound investment of Q1 2022

Overseas mergers and acquisitions decelerate and greenfield investment shows upward trend. China overall ODI reached US$34.3 billion in Q1 2022, up 7.9% YOY.

Overview of China outbound investment of 2021

Higher investment growth was observed in Belt and Road region; health care and life sciences sector in Europe and North America was popular. China’s overall outward direct investment (ODI) maintained its steady development in 2021 with a year-on-year (YOY) increase of 9.2% to US$145.2 billion.

Overview of China outbound investment of the first three quarters of 2021

Mixed prospects for global economic recovery were observed; overseas M&As in health sector performed impressively. China’s overall outward direct investment (ODI) maintained its steady development in the first three quarters of 2021 with a year-on-year (YOY) increase of 6.3% to US$107.1 billion.

Overview of China outbound investment of H1 2021

China’s continued economic recovery helped develop external circulation and overseas M&As showed signs of deceleration. China’s overall outward direct investment (ODI) continued to develop steadily with a year-on-year (YOY) increase of 12.3% in H1 2021.

Chinese companies in the US remain cautiously positive as opportunity and challenge co-exist

Chinese companies in the US remain cautiously positive as opportunity and challenge co-exist, according to 2021 Annual Business Survey Report on Chinese Enterprises in the US.

Overview of China outbound investment of 2020

EY releases the Overview of China Outbound Investment in H1 2020, China’s overall ODI and the announced China overseas M&As fell by 4.4% YOY and 40% YOY, respectively.

The new China Individual Income Tax (IIT) Law and its impacts on overseas Chinese

The new China Individual Income Tax (IIT) Law may have impacts on Chinese nationals who have overseas income and their Chinese employers.

Transformation and opportunities – How Chinese enterprises go abroad amid the new normal of COVID-19?

China outward direct investment (ODI) had continued to rise in global rankings and had maintained an optimized structure and orderly development. In 2018, global cross-border investment regulations became increasingly stringent. Many developed countries implemented regulatory measures to limit foreign investment, resulting in profound impacts toward cross-border investment. Chinese enterprises face more challenges in overseas investment.

How can overseas industrial parks open a new chapter of the Belt and Road?

The Belt and Road Initiative will deepen international cooperation and advance economic growth in countries along the route.

How does geopolitical dynamics affect future China overseas investment?

We conducted a survey for an in-depth understanding of Chinese enterprises’ overseas development plan.

    China Overseas Investment Network

    How EY can help Chinese enterprises address challenges in outbound investments and operations

    Belt and Road

    How EY can help Chinese enterprises navigate along the Belt and Road