国际金融协会-2017年新兴市场资本流入报告.pdf

Capital Flows to Emerging Markets Brighter Outlook June 5, 2017  Non-resident capital inflows to EMs are projected to increase by USD252 billion to USD970 billion in 2017  We look for a notable moderation in resident outflows from China this year, helped by RMB stability  Mixed prospects for FDI, but we see some improvement in banking flows as well as solid portfolio flows  South-South investment makes up some 5% of total cross-border investment in EMs vs 2% a decade ago  Key risks to our forecast include more aggressive Fed tightening—including rate hikes and balance