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  • Profile photo of DeanCollinsDeanCollins
    Participant
    @deancollins
    Join Date: 2015
    Post Count: 376

    Anyone have any more info about this?
    https://www.bloomberg.com/news/articles/2017-01-03/china-drills-down-into-forex-transactions-as-money-exits-abroad

    Would be great to get some local Chinese news sites with google translations on what people are saying about their decisions.

    Will this finally mark the top of Chinese investment in Sydney and Canada?
    Is this a “bluff” or is it a marked change in govt policies and we’ll see the end of Chinese smurfing?
    Anyone have any insights if its just a January 1st issue or if this will last (/and be enforced) the whole year?

    I’m not too concerned about my Sydney property investments as the actual newly built chinese property purchases versus the overall market is fairly insignificant, however I have more exposure than most because of my investment in Australian Property Bank so feel free to contact offlist via PM if you have any insights.

    Cheers,
    Dean Collins

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