The world’s best known investment bank just cut its outlook for Hong Kong property stocks in the same week that Moody’s gave a negative prediction for nearly half of the mainland real estate industry, a pair of moves which could… Read More>>
HSBC Suspends US Mortgages for Mainlanders as China Clamps Down
Foreign banks seem to be coming under pressure to cut back on US dollar lending to Chinese borrowers as HSBC has suspended new mortgages for some mainlanders buying American homes.
The London-based bank, which was formerly known as the Hong… Read More>>
China Rationalising Outbound Capital Flows as Investors Head Overseas
One of the great mysteries of the boom in purchases of international real estate by Chinese investors has been how all of the cash for these purchases gets overseas from a country where capital accounts and foreign exchange are strictly… Read More>>