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In the commercial real estate industry, it is vital that we stay well-informed about current affairs. They can, in fact, make or break a deal.
In January investors and sellers were in a frenzy as China cracked down on yuan leaving the country. The country hoped to stabilize the economy. China tightened the reigns even more on corporate outflows as January progressed. Organizations with investment plans outside of China were asked to divulge the source of their funding. In addition, details on their expenditures were requested. Both sides scrambled to close deals.
Just months after putting rules on capital outflow China has relaxed some of those rules. The People's Bank of China (PBOC) is no longer requiring that banks match outflows with equal inflows sources have said. The worst seems to be over as the yuan depreciation appears to have passed. China experienced capital flows that increased in March and continued into April. The yuan’s exchange rate against the dollar has been stabilizing and market confidence in the yuan has improved significantly.
Motivated Chinese investors can usually find ways around the new rules and are not swayed in making investment decisions. Knowing the rules is the best way to tackle problems that may arise and CB Commercial Realty is here to navigate for you.