Developers invest $7.6 b in overseas properties in 2013
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.