Original article by Lisa Murray, Angus Grigg
The Australian Financial Review – Page: 3 : 15-Sep-15
The introduction of tighter foreign exchange rules in China has had a negative effect on Chinese investments in Australia’s property sector. Fewer Chinese are now able to apply for the Federal Government’s Significant Investor Visa (SIV) scheme. Eligibility is restricted to those able to invest at least $A5 million in Australian assets such as venture capital and emerging companies. Only seven SIV applications have been made since 1 July 2015.
CORPORATES
PEOPLE’S BANK OF CHINA, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED