A recent Juwai.com report has indicated a potential loosening of Chinese capital controls in the coming years, reports the Australian Financial Review (27 June 2018). Amidst slowing Chinese overseas property investment, China's government is beginning to show signs of relaxing capital controls. "China has already resumed two key outbound schemes for investment in overseas securities, which had been suspended to reduce capital outflows. These have no direct impact on foreign property buyers, but do reveal a change of direction – from tightening to loosening," said Juwai.com CEO Carrie Law, who further noted that Chinese overseas property investment appears to be on the growth path again, albeit in a more restrained pace than in 2016. The report, which focuses on the top six markets for Chinese buyers – the US, Australia, UK, Canada, New Zealand, and Thailand – further stated that although New Zealand is likely to impose new foreign buyer restrictions, there is a relatively low risk of new foreign investor restrictions or taxes being implemented in the remaining five markets.
