E
Edward Zhang
New Member
In December 2016, Beijing introduced new legislation to curb foreign investment by Chinese firms, nonetheless, making investment by foreign firms easier with little restriction. This raises many question for the future of Chinese investment into UK properties. Will the Chinese reduce their spending in the UK? I believe Chinese outward investment will not slow down, there are other ways around this crackdown. So far, the crackdown has been 'selective' targeted China's larger companies. Such as HNA, Dalian Wanda Group, Anbang Insurance Gorup and Fosun International, forcing such companies halt their purchases, sell their overseas asset or invest domestically. Chinese investment in UK properties is still bright, despite government restrictions.
In 2017, Chinese investors snapped up two of London's most prominent skyscrapers the 'Walkie Talkie' sold to Hong Kong firm Kum Kee for £1.3 Billion, and
Chinese investors snapped up London’s well known skyscrapers- “Walkie Talkie” (Sold for breaking £1.3Bn- paid by Hong Kong firm Lee Kum Kee) and CC Land Holdings Ltd, which is controlled by property tycoon Cheung Chung-kiu, bought 'Cheesegrater' for £1.135 billion. Despite, government restrictions there are still ways around such measures. Many investors from mainland China tend to divert its asset and capital to Hong Kong and from there they are free to invest around the world. We can noticed political suppression in Hong Kong by Beijing, the little territory is still however governed by the 'Two-Country-One-System', there is still greater freedom both socially and economically.
During the summer of 2017, I helped to set up a business event for Atlas Blue Property on persuading chinese investors to the UK, they claim that its is 'the safest option' and 'London is London'. The turnout was quite impressive, which drew interest from potential investors also competing companies.
Here are some facts and figures to demonstrate the Chinese investment in the UK property industry will continue to grow:
In 2017, Chinese investors snapped up two of London's most prominent skyscrapers the 'Walkie Talkie' sold to Hong Kong firm Kum Kee for £1.3 Billion, and
Chinese investors snapped up London’s well known skyscrapers- “Walkie Talkie” (Sold for breaking £1.3Bn- paid by Hong Kong firm Lee Kum Kee) and CC Land Holdings Ltd, which is controlled by property tycoon Cheung Chung-kiu, bought 'Cheesegrater' for £1.135 billion. Despite, government restrictions there are still ways around such measures. Many investors from mainland China tend to divert its asset and capital to Hong Kong and from there they are free to invest around the world. We can noticed political suppression in Hong Kong by Beijing, the little territory is still however governed by the 'Two-Country-One-System', there is still greater freedom both socially and economically.
During the summer of 2017, I helped to set up a business event for Atlas Blue Property on persuading chinese investors to the UK, they claim that its is 'the safest option' and 'London is London'. The turnout was quite impressive, which drew interest from potential investors also competing companies.
Here are some facts and figures to demonstrate the Chinese investment in the UK property industry will continue to grow:
- "Capital from China and Hong Kong has accounted for a third of all investment in London commercial real estate this year, up from less than 10 percent before the referendum, according to CBRE."
- "Chinese investment is declining in the US whereas it is growing in the UK, according to JLL"
- "China own issues: Record Hong Kong commercial and residential property prices, along with the political concerns are pushing investors to turn to overseas markets where rental yields are higher."- Guardian News
- "Sterling's 12 percent drop since the Brexit referendum against the U.S. dollar - to which the Hong Kong dollar is pegged."-Guardian News