邓白氏最新数据：中国企业投资集中于欧美，股权结构呈现多极

Group 1 - The report by Dun & Bradstreet provides insights into global collaboration trends and the status of Chinese companies going abroad, based on data up to November 30, 2025 [2] - Chinese enterprises are highly concentrated in investment destinations, primarily in Europe, Hong Kong, and Southeast Asia, with the top five destinations accounting for 56.2% of investments [3] - The investment structure shows a multi-polar layout with 49% in Europe, 26% in Hong Kong, 7% in North America, and 7% in Southeast Asia [3] Group 2 - The main sectors for overseas investment by Chinese companies include wholesale, commercial services, holding investments, professional services, and energy, which together account for 49.4% [3] - Key focus areas include supply chain extension, with wholesale (durable and non-durable consumer goods) exceeding 15%, indicating a strategy to strengthen global supply chains [3] - The report highlights a shift from traditional manufacturing to management experience, technical solutions, and R&D capabilities in overseas investments [3] Group 3 - In energy and infrastructure, electricity, gas, and related services account for 6.9%, reflecting deep engagement in global energy security and infrastructure [4] - Hong Kong serves as a critical hub for foreign capital, with 55.6% of foreign equity investments into China routed through it [4] - The service sector is the primary driver for enterprise layout, with commercial services and engineering, accounting, and management services making up approximately 36.9% [4] Group 4 - The profile of foreign capital entering China shows a focus on holding companies, with a strong emphasis on equity investment and capital operations [5] - In Asia, wholesale trade capital is prevalent, while professional services capital is more prominent in Europe and the U.S., indicating a regional specialization [5] - The report notes that Asian capital is often linked to equipment manufacturing and infrastructure, while European and American capital is more service-oriented [5] Group 5 - As of November 2025, Dun & Bradstreet has recorded over 600 million enterprise records, covering business information across more than 200 countries and regions [6]