China bullish with largest ever inbound real estate flow
China’s real estate market witnessed record investment in the first quarter of the year, driven by foreign investors. Over the first three months of 2019, investors pumped US$17 billion into the country – a huge 174 percent jump on the same period in 2018 – with foreign capital such as sovereign wealth funds and pension funds from Singapore, Canada, United States and Europe accounting for 50 percent of the transactions. China’s continued liberalization of market access and the expansion of the scope of foreign investment have encouraged more international capital into the Chinese market. In 2018, Chinese authorities pledged to open the finance sector and announced plans to relax the rules on the foreign ownership of financial services.
Tags : INTERNATIONAL