Foreign capital in China property markets – ‘filtering’ the flows to work up the value chain

 11/28/2013

 Room Segalen, 25/F, Admiralty Centre, Tower 2, 18 Harcourt Road, Hong Kong (Admiralty MTR station, exit A)

In conjunction with the publication of the special issue of China Perspectives: Real Estate Speculation and its Social Consequences, edited by N. Aveline-Dubach.

Speaker: Natacha Aveline-Dubach (CNRS, University Paris I-Panthéon Sorbonne)
Discussant: Li Ling-hin (University of Hong Kong)
Reservation & Contact: Miriam Yang
cefc@cefc.com.hk / tel: 2876 6910

Speakers:

Natacha Aveline-Dubach is CNRS research director at Géographie-Cités, university Paris I-Panthéon Sorbonne. She specializes in land and urban policies in Japan and China. She is currently in charge of the research project “expansion of market finance and urban development in Asia, the case of China and India”, funded by the French Research Agency (ANR).

Dr. L. H. Li, a land policy specialist, is currently an Associate Professor, the Deputy Head of Department and the Programme Director of the BSc in Surveying and the China Network MSc programmes in the Department of Real Estate and Construction, the University of Hong Kong. Dr. Li’s research has been widely supported by various governmental and private institutions including Guangzhou Land Development Bureau of the Guangzhou City Government, the Audit Commission of the HKSAR Government and the Urban Renewal Authority of Hong Kong, as well as the Macau SAR Government.

 

Abstract:

In the 1990s, global investment funds and foreign developers took root in China’s property markets. After the Global Financial Crisis, however, investment of foreign capital became restricted. In this talk, Natacha Aveline-Dubach will describe the current modes of property investment by foreign operators in China, and give an account of the various impediments, both formal and informal, that restrict their development. She will highlight the ‘filtering’ process of foreign capital performed by Chinese authorities to channel funds towards emerging real estate sub-markets where Mainland groups can gain new technical knowledge and management skills. Her research underscores the highly uneven spatial distribution of foreign investment across provinces and cities. This reflects the impact of additional factors, which include political strategies to prevent speculative investment from going to Beijing, and risk-averse strategies by foreign investors focusing on first-tier cities.

 

ALL INTERESTED ARE WELCOME!

This seminar will be held in English.
Sebastian Veg, Director of the CEFC, will chair the session.
Snacks and drinks will be served after the seminar.
Seats are limited. Please confirm your attendance.

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