Chinese investors are keeping unchanged or even reducing the amount of money they allocate for overseas property purchases as they continue to struggle to get money out of the country.
Chinese investors are keeping unchanged or even reducing the amount of money they allocate for overseas property purchases as they continue to struggle to get money out of the country, according to a survey conducted by a global real estate services company. That comes amid China's continued campaign to clamp down on funds leaving the country.
The report mentioned restrictions placed on foreign real estate investment in 2017 and a significant tightening of lending in the sector last year. That loan environment was the main reason more than $12 billion in Chinese-owned overseas assets were put up for sale in 2018.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks fight to gain altitude as investors watch Powell’s Senate testimony, weigh dataU.S. stocks on Tuesday pare early losses and attempts to break in to positive territory as Federal Reserve Chairman Jerome Powell reiterates the central bank’s newfound wait-and-see approach in congressional testimony.
Read more »
Putin asked to take 'personal control' of legal case against jailed US investorBaring Vostok co-founder Michael Calvey is, along with 5 other men, detained in Russia over allegations of theft.
Read more »
Opportunity-Zone Investors Are Buying Now, Planning LaterFinancial firms have been raising billions to invest in the “opportunity zones” created by last year’s tax overhaul, even as some of the program’s rules remain unclear.
Read more »
Apple to Chinese Consumers: Buy a New iPhone for Under $30 a Month, Interest FreeHoping to revitalize sales in China, Apple has paired up with the world’s largest financial-technology company to give iPhone buyers an affordable purchase option.
Read more »
Manchester City's owners buy stake in third-tier Chinese soccer clubThe parent company of English Premier League champions Manchester City announced Wednesday that it has added a seventh soccer club to its growing stable.
Read more »
Netflix Buys Rights To Stream Chinese Sci-Fi Blockbuster 'The Wandering Earth'The film's release has been a major event in China. Will overseas audiences by charmed its big-budget special effects, too?
Read more »
Investors Looking to Escape Volatility Turn to ‘Smart’ ETFsETF issuers have been trying for years to get cost-conscious passive investors to embrace more sophisticated index investing. Last year’s rocky markets helped make their case.
Read more »
More black investors should look to stock market to grow their wealthLow African-American participation in the stock market contributes to the widening wealth gap between black and white households, according to a 2014 study. There are signs, however, that change is coming
Read more »