Foreign investors face limitations in access to luxury property projects

时间：2007-11-09 06:21:10

（单词翻译:单击）

Chinanews, Beijing, Nov. 8 – While many foreign investors1 still hold an optimistic view about Chinese real estate market, China recently revised its foreign invesetment industrial directory. The new directory sets more limitations on foreign investors who want to gain access to domestic real estate market.

 

On Wednesday, the State Development and Reform Commission published the revised Directory of Industries for Foreign Investment. According to the new regulation, foreign investors will face some obstacles in China when they want to participate in mass land development, in the construction and operation of luxury hotels, villas2, luxury office buildings and international conference halls. They are also discouraged to speculate in second-hand3 housing transactions and real estate intermediate services.

 

Previously5, the Ministry6 of Construction had issued a similar notification that discouraged foreign investors to access into domestic property market. However, many foreign investors keep on raising investment in domestic property market, thinking that they can make profits in Chinese property market with the Renminbi appreciation7 trend.

 

From January to September this year, about 1.68 trillion yuan of investment flowed into domestic property market and 2.54 trillion yuan of capital flowed into real estate developers. Of this, 42.3 billion yuan came from foreign investment, increasing by more than 60%, according to information released from the National Statistics Bureau.

 

In Beijing and Shenzhen, housing prices soar year on year, which makes many people see the negative influences that foreign investment brings to domestic housing market.The new regulation will play a positive role in that it will help drag down the exorbitant8 housing prices in some large Chinese cities, some market analysts9 say.

 

The new regulation stipulates10 that foreign investors' capital proportion in domestic life insurance companies should not exceed 50%, their capital proportion in doemstic securities companies (the companies are only limited to those who consign11 and transact4 A-shares, B-shares, H-shares and government and corporate12 bonds) should not exceed one-third, and foreign investors' capital proportion in securities investment fund organizations should not exceed 49%.

 

The new regulation forbids foreign investors to participate in golf course construction and management, gaming industry and arms and ammunition13 production.

 
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1 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
2 villas 00c79f9e4b7b15e308dee09215cc0427     
别墅，公馆( villa的名词复数 )； （城郊）住宅
参考例句：
  • Magnificent villas are found throughout Italy. 在意大利到处可看到豪华的别墅。
  • Rich men came down from wealthy Rome to build sea-side villas. 有钱人从富有的罗马来到这儿建造海滨别墅。
3 second-hand second-hand     
adj.用过的，旧的，二手的
参考例句：
  • I got this book by chance at a second-hand bookshop.我赶巧在一家旧书店里买到这本书。
  • They will put all these second-hand goods up for sale.他们将把这些旧货全部公开出售。
4 transact hn8wE     
v.处理；做交易；谈判
参考例句：
  • I will transact my business by letter.我会写信去洽谈业务。
  • I have been obliged to see him；there was business to transact.我不得不见他，有些事物要处理。
5 previously bkzzzC     
adv.以前，先前（地）
参考例句：
  • The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
  • Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。
6 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
7 appreciation Pv9zs     
n.评价；欣赏；感谢；领会，理解；价格上涨
参考例句：
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
8 exorbitant G7iyh     
adj.过分的；过度的
参考例句：
  • More competition should help to drive down exorbitant phone charges.更多的竞争有助于降低目前畸高的电话收费。
  • The price of food here is exorbitant. 这儿的食物价格太高。
9 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
10 stipulates 5c9afbf42331f6dbc8e7cd0e43b34e17     
n.（尤指在协议或建议中）规定，约定，讲明（条件等）( stipulate的名词复数 )；规定，明确要求v.（尤指在协议或建议中）规定，约定，讲明（条件等）( stipulate的第三人称单数 )；规定，明确要求
参考例句：
  • The trade contract stipulates for the settlement of balances in RMB. 贸易合同规定余额以人民币结算。 来自《现代汉英综合大词典》
  • The contract stipulates for the use of seasoned timber. 合同上订明用干透的木料。 来自辞典例句
11 consign uamyn     
vt.寄售（货品），托运，交托，委托
参考例句：
  • We cannot agree to consign the goods.我们不同意寄售此货。
  • We will consign the goods to him by express.我们将以快递把货物寄给他。
12 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
13 ammunition GwVzz     
n.军火，弹药
参考例句：
  • A few of the jeeps had run out of ammunition.几辆吉普车上的弹药已经用光了。
  • They have expended all their ammunition.他们把弹药用光。

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