China-bound investments by Taiwanese listed companies reached NT$918.1 billion (US$28.4 billion) in the first three quarters of the year, up 7.9 percent from the same period last year, the latest statistics from the Financial Supervisory Commission showed yesterday.
However, earnings from their Chinese operations during the same period declined 9 percent to NT$87.8 billion, the data showed.
As of last quarter, 932 listed companies — or 73 percent of the 1,283 publicly traded companies — had expanded into China, up from 924 last year, the statistics showed.
The majority of the investments in China went into computers, peripherals and other electronics products, the commission said in a press statement.
These companies repatriated NT$84.7 billion, or 9.23 percent of their investment returns, to Taiwan in the first three quarters of the year, up from NT$72.4 billion in the same period last year, it said.
The statistics also showed that 1,009 companies invested NT$1.89 trillion in other countries — not including China — in the first nine months, up from 1,002 companies and NT$1.73 trillion in investment a year ago.
Overall, overseas investments by these companies, including those in China, reported earnings of NT$51 billion in the third quarter, up from NT$35.9 billion in the previous quarter, the statement said.
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