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Stock impact report

China grows stakes in FTSE 100 companies amid alarm over influence in Britain [Yahoo! Finance]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Yahoo! Finance
Analysis by Argus Vickers shows investors in Hong Kong and the Chinese mainland – including the country's central bank – have amassed substantial stakes in the UK's most valuable firms. These include defence giant BAE Systems and National Grid, the power network that ensures British homes and businesses can keep the lights on. The research shows Chinese investment in companies listed on the FTSE 100 climbed almost 40pc from £64bn in December 2022 to £88bn today. It suggests Beijing has snapped up shares that account for roughly 5pc of Britain's leading index, which has a market value of £2.1 trillion. The Argus data shows the ultimate source of the money behind tens of billions of pounds of investment into the UK stock market can be traced back to China. It comes amid growing concern about the implications of Chinese ownership of UK assets, after the Government was forced to seize control of British Steel. The Argus analysis shows the People's Bank of China holds a £2.4bn Show less Read more
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