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Chinese investors have been buying......>

CHINA PRESS
CHINA PRESS: Chinese investors have been buying large amounts of real estate
assets in London, spending around CNY31.7 billion in the 90 days beginning May
11 based on the May exchange rate, the Securities Daily reported Wednesday.
Depreciation of the pound caused by the effects of Britain's plan to leave the
European Union makes it an opportune time for Chinese investors to buy into
London's property market. They mainly invest in commercial and residential
property, both for risk prevention and because of strong liquidity conditions in
London. Though Chinese domestic supervision of overseas investment is
tightening, Chinese investors' asset allocation abroad will not shrink because
they need to invest the money accumulated during China's high-speed economic
growth in recent years. (Securities Daily)

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