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China property outbound investment expected to drop by up to 40%

Published Mon, Feb 12, 2018 · 09:50 PM

Hong Kong

OVERSEAS property investments by Chinese institutions are expected to drop by 30-40 per cent in 2018, from a record US$42.2 billion last year, amid tighter government controls and approval procedures, a real estate services firm said.

A slide in the yuan and China's foreign exchange reserves in 2016 prompted regulators to restrict capital outflows, including a clampdown on "irrational" outbound investments in sectors such as…

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