China's foreign-exchange has been actively but discreetly investing in U.K
Posted in the Georgetown Forum
North Bay, Canada
#1 Feb 24, 2013
China Quietly Invests Reserves in U.K. Properties .
more in Business ».
BEIJINGChina's foreign-exchange regulator has been actively but discreetly investing in U.K. property and infrastructure, marking a significant shift in how the secretive manager of the world's largest foreign-currency reserves uses its funds.
Since May, U.K.-registered Gingko Tree Investment Ltd., a wholly owned unit of China's State Administration of Foreign Exchange, has invested more than $1.6 billion in at least four deals, including a water utility, student housing, and office buildings in London and Manchester, according to data providers that track property deals and disclosures by the companies that received the investments. People familiar with Gingko Tree say there have been
#2 Feb 24, 2013
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