This article from The Telegraph shows how much we rely on Chinese investment in the UK, particularly, in the real estate sector, although there has been Chinese investment in a number of large "ticket" investments, such as, football clubs. There is already Chinese ownership in football clubs, such as, West Brom, Aston Villa and Wolves. My firm acts for a number of Hong Kong commercial property investors and I read the article from the Telegraph with some interest. I have not noticed any change in the attitude of Hong Kong investors in the UK property market. It may be, as the article suggests, that the intention is to restrict Chinese investment in “London prime assets” and that investment is continuing elsewhere in the UK where more value can be identified for those investors.
Has flood of Chinese money really dried up? Credit: ChinaFotoPress Rhiannon Bury There had been rumours for some time about the Chinese government wanting to slow the flood of money out of the country; a few weeks ago Beijing gave its clearest diktat on the issue yet. The government outlined its plans to curb “irrational” spending outside of its borders, with a particular focus on property, hotels, entertainment, sports clubs and the film industry. Instead, it wants money funnelled into the nation’s ambitious “Belt and Road” initiative, a trade project linking China to the rest of the world. The announcement from China’s cabinet issued on Aug 18 was seen by some as the beginning of the end of a period of prolific spending by some of China’s largest companies.