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China Hunt for Key British Assets Intensifies
Brief:China institutions are looking for lucrative British properties as a way to diversify investments and expand their overseas businesses.
A clutch of powerful mainland institutions ranging from the state wealth sovereign fund to private businesses are fast-tracking the process of scouting for lucrative British properties as a way to diversify investments and expand their overseas businesses.

There is a huge desire in Britain to attract Chinese investors, with Britain's Chancellor of the Exchequer George Osborne pledging during a visit to the mainland last week to widen mainland firms' access to the British market by relaxing ownership rules.

A strengthening yuan has also made overseas investments cheaper for Chinese entities.

Powerful mainland institutions including sovereign wealth fund China Investment Corp; Gingko Tree, a subsidiary of the State Administration of Foreign Exchange; and Ping An Insurance have been active in looking to buy office buildings and commercial properties in Europe.

South China Morning Post
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