Best investors in Europe
The chinese France greatest investors
The Ernst & Young report highlights a record of 120 European Companies by Chinese investors. This is so because it wants to strengthen its innovative capabilities through the European market and technology. China became one of the biggest investors in Europe especially in Germany, the United Kingdom, Switzerland, France and Austria. 15 companies in France have been acquired by Chinese firms. The investors mainly emphasize on the industrial sector with 24 companies, consumer goods with 21 companies and real estate with 10 among the 120 firms.
A partner at Ernst & Young Sun Yi explained that “Chinese companies will particularly focus on prospective industries, such as the automobile sector. Chinese automobile industry is eyeing the global market. Specialized technology, outstanding employees and established sales channels through European brands are needed for China’s industrial development. With the Chinese government relaxing curbs on global investments, more Chinese investors are expected to foray into Germany and other European countries this year”.
Chinese investors in French real estate
Why do Chinese people choose Europe for property investments?
Newly wealthy Chinese are mainly in search of security, investment and diversification. They will tend to purchase second homes in well-established Europe before searching for holiday homes. Throughout years, China has asserted itself as Asia’s best economic power. The Chinese buyers have made the most exchange rate and European revaluing.
A property developer from Hangzhou, Luo Jingwen, who plans to move to France soon with his family, declared that “investing in properties in France seemed to be a wise choice as housing prices there haven’t had any dramatic fluctuations caused by the economic recession in Europe”.
In addition, RCA data revealed that Chinese investors bought commercial properties worth €3.05 billion across Europe last year, compared with €978 million in 2012. Joseph Kelly, RCA’s director of market analysis, explained that it is hard to see “cross-border capital flows from China into European commercial real estate slowing anytime soon”. Michelle Zhou, manager of Residential Sales in Shanghai argued that more Chinese buyers would choose to purchase properties in European countries in the next three to five years as housing prices are expected to increase in 2018.
