The death of the all-cash Chinese buyer

Late last year, Steven Ho saw alarm bells on social media: The Chinese government was gearing up for a major crackdown on foreign investment, and on messaging platforms such as WeChat and Line, Ho’s friends told him they were concerned that money would be tighter. In January, those worries became reality, as the government imposed exacting new capital controls that required Chinese citizens to disclose the purpose of their foreign investments. In the days that followed, numerous callers […]

source https://therealdeal.com/2017/03/27/the-death-of-the-all-cash-chinese-buyer/#new_tab