Chief Executive Officer, Greater China
Knight Frank, Hong Kong
Riding on the tremendous investment wave of last year, Chinese outbound capital has grown strongly in 2016. Renminbi devaluation prospects and high land prices of Chinese domestic market coupled with the need to diversify risk, continue to drive overseas expansion.
This is particularly true for Chinese insurance companies and developers seek overseas projects. Global gateway cities, such as New York and London, attract the bulk of Chinese investment. In the past year however Hong Kong is seeing renewed interest from Chinese occupiers, funds and developers thanks to its proximity to home and a string of stock market cooperation activities.
Given the tightening capital control, will there be a tapering of investment from China? What factors will continue bringing investors to the market? How would global uncertainties such as Brexit and the US election affect the prospect of destination markets for Chinese capital?