The Chinese e-commerce giant JD.com is set to start listing properties in the UK, Australia, Canada and the US, boosting the exposure of overseas properties to millions of potential investors in China.
The start of this month. its platform apartments in the four countries from international-focused online property company Juwai, which has more than 2 million listings around the world.
Juwai, which has seen a 10 per cent pick up in Chinese buying inquiries last month, expects an increase in Chinese international property buying if the capital controls continue to be unwound.
Early last month Beijing eased the rules for Chinese businesses investing overseas. New measures under China’s National Development and Reform Commission (NDRC), which came into force on March 1, are expected to “encourage prudent and well considered future outbound investments by Chinese businesses,” especially if it is linked to China’s political objectives like the Belt and Road programme and advanced technology, KPMG said.
Chinese regulators have also revived a programme allowing global asset managers to raise funds from Chinese onshore clients for investment in offshore hedge funds. The was halted in 2016 amid concern about capital flight the depreciation of the Chinese currency.
