China’s overseas direct investment hit by capital curbs

SINGAPORE (Aug 2): The fear of China’s renminbi depreciating and lower domestic returns over the years have spurred Chinese Commercial Real Estate (CRE) investments, especially in the US, Hong Kong, Australia and UK.

However, the Chinese government last year took measures to curb irrational overseas investment in the “negative list”. These included property, hotels, media, sports clubs and non-core businesses.

Reflecting the tighter regulations, China’s property overseas direct investment (ODI) saw an 82% drop in 1H17.

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