De­vel­op­ers in­vest $7.6 b in over­seas prop­er­ties in 2013

China Daily (Canada) - - BUSINESS -

Chi­nese property de­vel­op­ers in­vested $7.6 bil­lion in the over­seas mar­ket in 2013, an in­crease of 124 per­cent from the year be­fore, ac­cord­ing to an in­dus­trial re­port. The re­port, re­leased by global property ser­vice provider Jones Lang LaSalle onMarch 25 in Guangzhou, Guang­dong prov­ince, also pre­dicted that Chi­nese over­seas property in­vest­ment will ex­ceed $10 bil­lion this year, thanks to do­mes­tic de­vel­op­ers’ grow­ing in­ter­est in for­eign mar­kets. es­tate mar­ket, ac­cord­ing to a state­ment. CPPIB is seek­ing op­por­tu­ni­ties through new res­i­den­tial de­vel­op­ment projects in large cities across China. CPPIB and Vanke are in­vest­ing in a project in Qing­dao, Shan­dong prov­ince. may ap­prove fu­tures on the Shang­hai Stock Ex­change 50 In­dex and the CSI 500 In­dex, adding to ex­ist­ing con­tracts on the CSI 300 In­dex. Mock trad­ing in the two ex­tra gauges be­gan March 21, ac­cord­ing to a state­ment by China’s Fi­nan­cial Fu­tures Ex­change. Reg­u­la­tors restarted bond fu­tures in Septem­ber af­ter an 18-year ban and have be­gun mock trad­ing of op­tions on some of the na­tion’s big­gest stocks. The CSI 300 has fallen 17 per­cent in the past 12 months and reached a five-year low on March 20.

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