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Guangdong’s Country Garden continues investment in Hong Kong, despite Beijing’s capital controls

  • Wed, 13 Sep 2017 02:46
Country Garden, the Guangdong-based property developer, has splashed out HK$ 2.44 billion (US$ 312.3 million) on a 60 per cent share of a waterfront residential site at Ma On Shan in Hong Kong, marking the company’s second investment in the city within four months, despite stricter capital outflow controls by Chinese government. The share has been bought from Hong Kong’s Wang On Properties by Country Garden subsidiary Angel View, and the site – at Yiu Sha Road, Whitehead, along... South China Morning Post - Hong Kong & China feed

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