China’s central bank recently relaxed its capital controls on 8 September, reports Your Investment Property Magazine (18 September 2017). The People’s Bank of China (PBoC) abolished two requirements that supported the RMB's value. “For the real estate markets, [the changes show] that capital controls could be further unwound in the near future. That would potentially lead to increased Chinese investment in overseas property,” said Jane Lu, Head of Australia for the leading Chinese international property portal Juwai.com.
