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No more Chinese money for US real estate

Say Goodbye to the China Bid The flow of Chinese money into...
Kenneth Pinyan
  10/12/17
Of course the boomers have all sold, the market bubbled up i...
Kenneth Pinyan
  10/12/17
Cr :(
Non sequitur
  10/13/17
YAY
Dopey Mark Cuban of failed Benefactor fame
  10/12/17
...
Kenneth Pinyan
  10/13/17
...
~~(>' ' )>
  10/13/17
Just saw some hapa on the exit ramp with a sign: "Will...
~~(>' ' )>
  10/13/17
stuffwhitepeoplelike: inventing free markets and then gettin...
nyuug
  10/13/17
Has Korea invented anything?
~~(>' ' )>
  10/13/17
180 Ways to Give White Bitches The Yellow Monster
nyuug
  10/13/17
http://i.imgur.com/76kcfL0.gif
~~(>' ' )>
  10/13/17
why has korea been so successful in fucking white girls whil...
nyuug
  10/13/17
Think innovation. Think Korea.
~~(>' ' )>
  10/13/17
San Marino, CA in a tailspin.
~~(>' ' )>
  10/13/17
God i hope so but i really doubt it. Perhaps for M&A cau...
gunt
  10/13/17
Aren't you AZN?
From a Bloomington Bathhouse on the Hill
  10/13/17
Yes but I have yet to buy a 4 bedroom house in a top 5 metro...
gunt
  10/13/17
stfu you're part of the problem
fobb deep
  10/13/17
wtf is wrong with me again
gunt
  10/13/17
too beautiful for this earth ;)
fobb deep
  10/13/17
Business idea: Transport Chinese money in bulk via Mongolia,...
'"'''""''"
  10/13/17
retarded
gunt
  10/13/17
How dare you?!
'"'''""''"
  10/13/17
What sort of Asian admixture does earl have? I assume Jap...
~~(>' ' )>
  10/13/17
chinese dad white mom ironically doesnt identify as asi...
nyuug
  10/13/17
He doesn't look strongly Asian -- at least not in his firm p...
~~(>' ' )>
  10/13/17
i dont know how many times ive said this - probably a millio...
nyuug
  10/13/17
at LEAST a million
A Jurisprudence is Performed
  10/13/17
you don't know how to write your own name in hanja, ljl gook...
fobb deep
  10/13/17
are they going to de-equitize your breakfast, earl?
fobb deep
  10/13/17


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Date: October 12th, 2017 11:43 AM
Author: Kenneth Pinyan (earl)

Say Goodbye to the China Bid

The flow of Chinese money into assets around the world is coming to an end

By Aaron Back

China’s seemingly insatiable demand for foreign assets has driven up prices for everything from U.S. Treasury bonds to global companies to luxury real estate. Now, a combination of market forces and capital controls are choking off the flow of Chinese cash. Asset markets around the world will have to adjust.

As Chinese exports boomed starting in the early 2000s and foreign investment flooded into the country, the central bank recycled these inflows into foreign government bonds, mostly Treasurys, to keep the yuan from rising. The buying persisted for over a decade, driving bond prices up and driving yields down globally.

China moved to invest in other asset classes, buying stakes in Morgan Stanley and U.K. utility Thames Water via government fund China Investment Corp.

The form of China’s foreign buying shifted in 2014, when the U.S. began exiting quantitative easing and China’s growth slowed. Ordinary Chinese feared that the yuan, which had steadily risen for years, would fall as growth slowed. Both individuals and companies rushed to get money out of China, snapping up trophy assets and luxury real estate around the world.

This was the start of the era when Anbang Insurance Group, a Chinese insurer with murky ownership, paid nearly $2 billion for the Waldorf Astoria in New York and bid $14 billion for Starwood Hotels & Resorts before walking away from the deal. In February 2016, China National Chemical Corp. agreed to buy Swiss pesticide maker Syngenta for $43 billion, the largest foreign takeover by a Chinese company.

The China bid, or at least the expectation of one, sent prices of luxury properties soaring, fueled real estate bubbles from Vancouver to Sydney and pushed up prices of companies seen as desirable for Chinese buyers.

Alarmed by the outflow, Beijing began to tighten capital controls in 2015 and 2016, but the deal-making persisted until this year when the government cracked down on money transfers by individuals and discouraged companies from pursuing “irrational” deals abroad. So far this year, outbound mergers and acquisitions by Chinese companies are down 27% from the same period a year earlier, according to Dealogic.

“The short bubble of China bids is over,” says one M&A banker who has advised on Chinese acquisitions.

Now, pretty much the only thing the Chinese government encourages its companies to buy abroad are high-tech companies such as computer chip makers. But these strategic assets are precisely the kind that Western governments increasingly don’t want to fall into Chinese hands.

The moon rising hangs over the Toronto skyline in 2015. Chinese investors have been snapping up luxury real estate around the world over the last few years. Photo: © mark blinch / reuters/Reuters

In real estate there is no way to say for sure how much Chinese buying drove up prices, but governments from Canada to Australia have moved to control foreign buying to rein in property bubbles.

Nor is China set to return as a big buyer of U.S. Treasurys. Indeed, if the Federal Reserve keeps tightening, China could be a seller of bonds as it fends off depreciation pressure on the yuan.

In the years ahead, financial markets around the world will have to live without the ever-present China bid. Whether China was a savvy investor or the dumb money, asset prices will likely be lower.

Write to Aaron Back at aaron.back@wsj.com



(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34424838)



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Date: October 12th, 2017 11:44 AM
Author: Kenneth Pinyan (earl)

Of course the boomers have all sold, the market bubbled up in time for some of us to buy inflated shit. Now time for the crash.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34424845)



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Date: October 13th, 2017 11:49 AM
Author: Non sequitur

Cr :(

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433328)



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Date: October 12th, 2017 11:44 AM
Author: Dopey Mark Cuban of failed Benefactor fame

YAY

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34424847)



Reply Favorite

Date: October 13th, 2017 1:39 AM
Author: Kenneth Pinyan (earl)



(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431458)



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Date: October 13th, 2017 11:30 AM
Author: ~~(>' ' )>



(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433212)



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Date: October 13th, 2017 1:42 AM
Author: ~~(>' ' )>

Just saw some hapa on the exit ramp with a sign: "Will restructure for food."

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431473)



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Date: October 13th, 2017 1:43 AM
Author: nyuug (Cucking niggaz with dat Big Korean Cock. All DAY.)

stuffwhitepeoplelike: inventing free markets and then getting IRATE at free markets

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431478)



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Date: October 13th, 2017 1:45 AM
Author: ~~(>' ' )>

Has Korea invented anything?

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431490)



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Date: October 13th, 2017 1:46 AM
Author: nyuug (Cucking niggaz with dat Big Korean Cock. All DAY.)

180 Ways to Give White Bitches The Yellow Monster

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431494)



Reply Favorite

Date: October 13th, 2017 1:51 AM
Author: ~~(>' ' )>

http://i.imgur.com/76kcfL0.gif

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431525)



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Date: October 13th, 2017 1:52 AM
Author: nyuug (Cucking niggaz with dat Big Korean Cock. All DAY.)

why has korea been so successful in fucking white girls while japanese men have been herbivores?

its really a fascinating social experiment at the national level being carried out in real time

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431527)



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Date: October 13th, 2017 1:47 AM
Author: ~~(>' ' )>

Think innovation.

Think Korea.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431500)



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Date: October 13th, 2017 1:44 AM
Author: ~~(>' ' )>

San Marino, CA in a tailspin.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431483)



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Date: October 13th, 2017 1:46 AM
Author: gunt

God i hope so but i really doubt it. Perhaps for M&A cause govt has resource to scrutinize that but not for residential homes. Chinese families always find ways to get the $ out.

https://www.bloomberg.com/news/articles/2017-09-28/chinese-money-seeps-through-cracks-into-world-s-housing-markets

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431498)



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Date: October 13th, 2017 1:50 AM
Author: From a Bloomington Bathhouse on the Hill (height bort first poaster)

Aren't you AZN?

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431516)



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Date: October 13th, 2017 1:50 AM
Author: gunt

Yes but I have yet to buy a 4 bedroom house in a top 5 metro area.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431522)



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Date: October 13th, 2017 11:52 AM
Author: fobb deep (rap parody)

stfu you're part of the problem

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433359)



Reply Favorite

Date: October 13th, 2017 11:53 AM
Author: gunt

wtf is wrong with me again

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433362)



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Date: October 13th, 2017 11:53 AM
Author: fobb deep (rap parody)

too beautiful for this earth ;)

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433367)



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Date: October 13th, 2017 11:48 AM
Author: '"'''""''"


Business idea: Transport Chinese money in bulk via Mongolia, Russia and then into European Union.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433317)



Reply Favorite

Date: October 13th, 2017 11:53 AM
Author: gunt

retarded

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433365)



Reply Favorite

Date: October 13th, 2017 11:55 AM
Author: '"'''""''"


How dare you?!

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433371)



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Date: October 13th, 2017 2:12 AM
Author: ~~(>' ' )>

What sort of Asian admixture does earl have?

I assume Japanese with maybe a little Pacific Islander mixed in, but I'm not sure he has ever said.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431600)



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Date: October 13th, 2017 2:22 AM
Author: nyuug (Cucking niggaz with dat Big Korean Cock. All DAY.)

chinese dad white mom

ironically doesnt identify as asian. chinese culture is fucked up.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431635)



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Date: October 13th, 2017 2:38 AM
Author: ~~(>' ' )>

He doesn't look strongly Asian -- at least not in his firm photo. So that makes some sense.

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431711)



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Date: October 13th, 2017 2:43 AM
Author: nyuug (Cucking niggaz with dat Big Korean Cock. All DAY.)

i dont know how many times ive said this - probably a million times now

alpha societies are patriarchal. kin ties pass through the father. in korean society only korean fathers can have korean sons and daughters.

chinese society has no such patriarchal succession rule and is therefore inherently beta. thats why earl can get away with claiming to be white or hapa. seriously fucked up chinese culture

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34431731)



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Date: October 13th, 2017 11:46 AM
Author: A Jurisprudence is Performed (verified poaster )

at LEAST a million

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433302)



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Date: October 13th, 2017 11:53 AM
Author: fobb deep (rap parody)

you don't know how to write your own name in hanja, ljl gook and know your place before your civilizational betters

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433366)



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Date: October 13th, 2017 11:51 AM
Author: fobb deep (rap parody)

are they going to de-equitize your breakfast, earl?

(http://www.autoadmit.com/thread.php?thread_id=3761926&forum_id=2#34433347)