Morris Manning & Martin, LLP

Is the Chinese Government Turning Off NYC’s Flow of Overseas Real Estate Cash?

09.06.2017

When Chinese officials detained Wu Xiaohui, the chairman of Chinese insurance giant Anbang, in June, investors saw the writing on the wall: The Chinese government was no longer going to tolerate splashy overseas real estate purchases and risky investments.

MMM Partner Samantha Ahuja shares her insights regarding China’s State Council formalized restrictions on foreign investments.

“The essence behind this decision was to curb irrational acquisitions in real estate and entertainment,” Ahuja explained, noting that some Chinese cash will now flow into “permitted” overseas investment categories, including agriculture, industrial property, mining, energy, oil and gas exploration and fisheries.

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Article by: Rebecca Baird-Remba
Featured in the Commercial Observer, September 6, 2017

 

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