Chinese investment in foreign real estate hit its lowest in more than four years in the third quarter, highlighting how tighter capital controls are reshaping global asset markets.
Chinese insurers, banks and private-equity groups have emerged in recent years as among the most important bidders for prime office buildings and luxury hotels in London, New York, Sydney and other major cities.
But fears over capital flight and currency depreciation prompted Beijing to clamp down on a broad range of foreign dealmaking late last year.
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