CHINESE companies invested in Britain have seen returns soar in recent years according to new figures helping to ease concerns money flows could dry up after Brexit.
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Many Chinese investors are still set to plough cash into the UK economy as they offer bumper benefits and the perceived safe haven status of Britain.
The top 20 Chinese-owned firms operating in the UK have seen revenues jump by 174 per cent in 2015 compared to the previous year, according to accountancy firm Grant Thornton.
More than 150 of the companies have seen revenue growth of 20 per cent, the analysis showed.
Overall, UK property is the preferred investment for Chinese investors, accounting for 44 per cent of the value of deals announced between 2012 and the end of the first half of 2016, according to the Financial Times.
The top 20 Chinese-owned firms operating in the UK have seen revenues jump by 174 per cent in 2015 compared to the previous year, according to accountancy firm Grant Thornton.
More than 150 of the companies have seen revenue growth of 20 per cent, the analysis showed.
Overall, UK property is the preferred investment for Chinese investors, accounting for 44 per cent of the value of deals announced between 2012 and the end of the first half of 2016, according to the Financial Times.
And PGC CapitalChinese private equity fund that plans to invest £600m over five years in UK property and business parks
Chief executive Denise Li told the Financial Times: “I won’t say that UK property is cheap, but it is economical.
"The money that will buy you a bedroom in Beijing, in Birmingham will buy you a flat.
“You in the UK see Brexit as huge but back home in China, we see this as a ‘first-world problem’. "
Ms Li added: “In China, property is oversupplied and overpriced . . . and the renminbi is expected to devalue.
"So naturally [Chinese investors] have to find a safe haven to balance their assets.
"So this has nothing to do with whether you have Brexit or not. [The UK] is a safe haven.”
http://www.express.co.uk/finance/city/778523/UK-property-safe-haven-China-cash-investments-Brexit
