Chinese insurance companies will be allowed to invest directly in commercial real estate for the first time under new regulations that could trigger an influx of cash into the country's high-end property market.
The regulations come into effect tomorrow, although details on investment limits and what types of property insurers can buy will not be released for another month at least, say regulatory officials.
Conservative estimates put the amount of potential investment by Chinese insurers in commercial property at $34bn, according to real estate consultancy Jones Lang Lasalle.
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