Chinese Government Agencies to Restrict Foreign Property Investment

Posted on 20 February, 2017 by admin

Foreign property investments by Chinese companies have come to a complete halt, with a drop of 84% in January 2017, as China capital controllers look to re-establish the flow of foreign buys.

Chinese regulators have imposed a series of restrictions on outbound property investments in the past six months, in order to control capital outflow and release some pressure on the Chinese currency, renminbi.

chinese-currency-renminbi

The restrictions come after a significant rise of 44% to $170 billion outbound investments was reported in 2016.

The resulting effect of the restrictions mean that non-financial outbound investments fell by 36% in January 2017.

According to data reported by JLL, the drop in foreign property investments in January comes after a year where there was a record surge of $33 billion, although the actual figures were not release by the Chinese commerce ministry.

Chinese government agencies have confirmed their intentions to apply tighter restrictions to prevent ‘irrational’ outbound investments. Such deals include real estate, hotels and leisure developments.

It was also reported last month that the Chinese F.A have introduced new rules to reduce the number of foreign football players that Chinese teams are allowed to acquire.



Related Posts


Leave a Reply


Recent Posts

original_images_Google-entrance

Google new London HQ gets the go-ahead!

office-620817_960_720

Significant Increase in Female Self-Employment

Westfield_Stratford_City_interior

London Ranked the World’s Second Most Popular City for Retail Expansion

Havaianas_selection

Havaianas to Open a Pop Up Store at Leicester’s Highcross Shopping Centre

21025996740_ce194a6f8a_b

Amazon’s Newest Bookstore Opening in New York

pexels-photo-28883

Small Business Rates Relief Delays Affect Thousands of Businesses in the UK

Joy,_Albion_Street,_Leeds_(21st_December_2015)

Fashion Retailer, Joy, Rescued by Louche London in a Pre-packed Deal

1280px-John_Lewis_Newcastle

New Scheme to Help Part Time Workers Progress in Their Careers

Jimmy-Wales-the-GMG

Jimmy Wales Leaves His Position at the Guardian Board

Tesco-building

Tesco Sells its Opticians Practices to Vision Express

new-york-city-skyscrapers

New York City’s Biggest Commercial Property Lender Revealed

Business rates April 2017

Firms Concern As New Business Rates Take Full Effect

The total invested in central London was £4.18 billion.

London’s West End Commercial Property Hit Record High

Cybersecurity Becoming an Increasing Problem for U.K firms

Cybersecurity Becoming an Increasing Problem for U.K firms

London City Properties

Commercial Property Growth Slows in London

scotland-investment-office-building

Scottish Commercial Property Market on the Raise for 2017