1月份中企海外房地產(chǎn)投資同比大降84%

Foreign property investment by Chinese companies plunged by 84 per cent last month, as Beijing’s capital controls choked off the flow of foreign acquisitions.

隨著北京方面采取的資本管制對(duì)海外收購(gòu)交易起到抑制作用，1月份中國(guó)企業(yè)對(duì)海外房地產(chǎn)業(yè)的投資額比上年同期下降了84%。

In a bid to curb capital outflows and ease downward pressure on the renminbi, Chinese regulators have imposed a series of new restrictions on outbound dealmaking in recent months. The new curbs came after outbound investment in non-financial assets surged by 44 per cent in 2016 to a record $170bn.

近幾個(gè)月，為了遏制資本外流、緩解人民幣貶值壓力，中國(guó)監(jiān)管機(jī)構(gòu)針對(duì)海外并購(gòu)出臺(tái)了一系列新限制措施。2016年，中國(guó)企業(yè)對(duì)外非金融類直接投資額激增44%，達(dá)到創(chuàng)紀(jì)錄的1700億美元。

The curbs are having an effect. Overall non-financial outbound investment fell 36 per cent in January from a year earlier to Rmb53bn ($7.8bn), the commerce ministry said on Thursday, following a 39 per cent drop in December.

限制措施開始見到成效。中國(guó)商務(wù)部周四表示，1月份中國(guó)企業(yè)對(duì)外非金融類直接投資金額同比下降了36%，至530億元人民幣(合78億美元)。去年12月的同比降幅為39%。

The commerce ministry data showing plummeting real estate investment follows an overall 53 per cent rise last year to a record $33bn, according to separate data from JLL, a global realtor.

此前，跨國(guó)房地產(chǎn)經(jīng)紀(jì)機(jī)構(gòu)仲量聯(lián)行(JLL)的數(shù)據(jù)顯示，2016年全年，中國(guó)對(duì)外房地產(chǎn)投資額增長(zhǎng)了53%，達(dá)到創(chuàng)紀(jì)錄的330億美元。

Four government agencies including the commerce ministry and the central bank said in December they would apply tighter scrutiny to "irrational" outbound deals including real estate, hotels, movie theatres, entertainment assets and sports clubs.

去年12月，包括中國(guó)商務(wù)部、中國(guó)央行在內(nèi)的四個(gè)政府部門表示，將收緊對(duì)房地產(chǎn)、酒店、影城、娛樂業(yè)、體育俱樂部等領(lǐng)域的“非理性”對(duì)外投資項(xiàng)目的審查。

The latest commerce ministry figures do not include real estate purchases by individuals, many of whom exploit loopholes in China's capital control regime to obtain foreign currency. But the foreign exchange regulator has recently moved to close such loopholes, notably by tightening control of forex purchases by individuals, who are allowed to exchange $50,000 worth of renminbi for foreign currency each year.

中國(guó)商務(wù)部的最新數(shù)據(jù)不包含個(gè)人購(gòu)買的房地產(chǎn)。有不少個(gè)人利用中國(guó)資本管制體系的漏洞來獲取外匯。但外匯監(jiān)管機(jī)構(gòu)最近采取措施堵住了此類漏洞，尤其是收緊了對(duì)個(gè)人購(gòu)匯的管控——按現(xiàn)行規(guī)定，中國(guó)公民每年可用人民幣購(gòu)買等值5萬美元外匯。

While the currency exchange limit has not changed, individuals are now required to disclose specific details on how they will use the funds. Funds can only be used towards current account spending such as tourism and shopping, overseas study, foreign medical care and consulting services. Real estate and other investment spending are explicitly forbidden.

盡管購(gòu)匯限制并未調(diào)整，但監(jiān)管部門現(xiàn)在要求個(gè)人詳細(xì)披露到底要用購(gòu)得的外匯去做什么。購(gòu)得的外匯只能用于旅游和購(gòu)物、留學(xué)、境外求醫(yī)以及咨詢服務(wù)等經(jīng)常項(xiàng)目支出。房地產(chǎn)和其他投資性支出屬明確禁止之列。

The disclosure form also warns forex buyers that they are not allowed to exploit others’ exchange quotas. Previously, aggregating quotas from multiple individuals was a common technique that grey-market money changers used to obtain large sums of foreign exchange.

披露表格還警告購(gòu)匯者不得使用其他人的購(gòu)匯額度。以前，灰色市場(chǎng)的貨幣兌換者經(jīng)常把多個(gè)個(gè)人的購(gòu)匯額度匯集起來，靠這種手段來獲取大量外匯。