远东资信首席宏观研究员张林此前接受媒体采访时提到，从国内来看，今年1至5月，商务部口径下全国 新设立外商投资企业24018家，同比增长10.4%；实际使用外资金额3581.9亿元人民币（498.8亿美 元），同比下降13.2%。这表明我国仍是外商直接投资的重要目的地，但平均每家FDI企业的投资规模 出现了较大降幅。因此，当前鼓励FDI企业再投资是必要的，也是稳定外资的重要举措。 【环球网财经综合报道】国家发展改革委近日表示，将适时推出新一批重大外资项目，研究出台新版 《鼓励外商投资产业目录》，形成更大力度吸引和利用外资工作合力。 商务部国际贸易经济合作研究院研究员彭波在接受采访时表示，要切实提升政策执行效率，加强部门间 协同合作，确保政策在基层落地生根，同时还要加强政策的宣传解读，确保外资企业全面了解并享受政 策红利。相信通过一系列政策组合拳，中国将进一步提升对外资的吸引力，增强外资企业在中国市场的 创新动力，推动外资结构优化。 公开报道显示，今年以来不少外资重大项目稳步推进，稳外资政策不断加力，鼓励外商投资企业境内再 投资一系列举措落地，近期一批重大外资项目又有新的进展。 此外，张林还建议，从扩大外商直接投 ...

Core Viewpoint - The foreign investment policy in China has shown significant effectiveness in the first half of this year, with notable progress in landmark foreign investment projects, leading to an improvement in the quality of foreign investment [1] Group 1: Foreign Investment Trends - There has been an acceleration in the implementation of high-tech foreign investment projects, including increases in capital, production, and expansion [1] - Many foreign enterprises have established a long-term presence in China, reinvesting profits earned in the Chinese market, indicating their strong confidence in the Chinese market and willingness to develop alongside it [1]

Core Viewpoint - China is committed to expanding its openness and improving its business environment, showcasing a strong stance on maintaining a multilateral trade system amidst rising unilateralism globally [1] Group 1: Foreign Investment Trends - In the first three months of the year, 12,603 new foreign-invested enterprises were established in China, representing a year-on-year increase of 4.3% [3] - The actual use of foreign capital amounted to 269.23 billion yuan, a year-on-year decrease of 10.8%, but the decline in foreign capital absorption narrowed by 9.6 percentage points compared to January-February [3] - In March alone, the actual utilized foreign capital reached 98.02 billion yuan, showing a year-on-year growth of 13.2% and a month-on-month increase of 33.1% [3] Group 2: Sectoral Investment Insights - The actual use of foreign capital in the manufacturing sector was 71.51 billion yuan, while the service sector attracted 193.33 billion yuan [4] - Emerging industries such as e-commerce services, biopharmaceutical manufacturing, aerospace equipment manufacturing, and medical instruments saw significant foreign investment growth rates of 100.5%, 63.8%, 42.5%, and 12.4% respectively [4] Group 3: Government Support and Policy Initiatives - The Chinese government is enhancing policy support for foreign enterprises, actively addressing their needs and challenges through initiatives like the "Service Guarantee for Foreign Enterprises" program [5] - The Ministry of Commerce has organized multiple roundtable meetings with foreign enterprises, facilitating communication and addressing over 50 issues raised by foreign businesses [5] - The government is promoting the "Invest in China" brand through international outreach activities, including policy briefings and roundtable discussions in various countries [5] Group 4: Future Outlook on Foreign Investment - The focus for attracting foreign investment will be on expanding investment space and optimizing the business environment, with an emphasis on quality and stability [6] - The return on investment for foreign enterprises in China is shifting from "high" to "medium-high," indicating a more stable investment environment with favorable risk-adjusted returns [6]

Core Viewpoint - The external pressure on the RMB exchange rate is currently manageable due to the decline in the US dollar index, the strong implementation of the central bank's stable exchange rate policy, and the good performance of domestic A-shares and other risk assets, suggesting a phase of narrow fluctuations in the RMB exchange rate [1][4]. Group 1: External Pressure and Policy Response - The US dollar index has shown a volatile downward trend this year, primarily due to the slower-than-expected implementation of tariff policies following Trump's inauguration [2]. - The central bank's recent monetary policy report indicates a shift from "strengthening expectation guidance" to "stabilizing market expectations," emphasizing the importance of maintaining stable exchange rate targets [2]. - The central bank has issued a total of 1,200 billion yuan in offshore central bank bills this year, significantly higher than historical levels, which supports the stability of the RMB [2][3]. Group 2: Risks and Future Outlook - The potential risk of increased tariffs imposed by the US on China remains a major long-term risk factor for the RMB exchange rate, with the possibility of further escalation [3][4]. - There exists a discrepancy in expectations regarding the extent and pace of US tariffs on China, which may not meet market expectations, and there is potential for positive developments in US-China trade negotiations [3][4]. - The recent "2025 Action Plan for Stabilizing Foreign Investment" released by the Ministry of Commerce and the National Development and Reform Commission may help stabilize foreign direct investment in China, countering the risks posed by potential US tariffs [3].