As we have seen, Chinese investment in assets outside of China has increased exponentially. It may rise to $20 billion this year compared to $16.5 billion last year. The Chinese government has mandated it’s insurance companies to invest, as they are cash rich. Trophy assets in New York City are one of their targets, The Waldorf Astoria and The Baccarat Hotel are recent examples.
Australia, another target for Chinese investors, is taking a harder look at how much of their property is going into foreign hands and they are taking measures to limit it.
In 2014, the trend captured world attention as the media chronicled one landmark purchase after another as Chinese investors snapped up iconic office buildings in London and trophy hotels in New York and Sydney.
Read more on ECNS