China’s proposed changes for the rules governing overseas investment are likely to fuel appetite for UK assets from Hong Kong-based investors and could have a significant impact on the property market.
What are the changes?
China has readied proposals to block state-owned enterprises from purchasing property worth more than $1bn in a single overseas transaction.
Permission may also be required for transferring funds up to $5m, where it has previously been $50m.
Why are they being considered?