Transforming China by Chinese Enterprises through Foreign Direct Investment: Experience of Hong Kong Real Estate Developers
Wong Mike C. W.,
Chen Steven X. G. and
Choy Lennon H. T. ()
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Chen Steven X. G.: Sun Hung Kai Properties Ltd (SHKP), Wan Chai, Hong Kong
Choy Lennon H. T.: Ronald Coase Centre for Property Right Research and the Department of Real Estate and Construction, The University of Hong Kong, Pokfulam, Hong Kong
Man and the Economy, 2019, vol. 6, issue 1, 33
Foreign Indirect Investment (FDI) has played a key role in China’s economic transformation. The real estate industry in China has been the second largest sector to fetch FDI for the nation since the opening up of the economy in 1978. Regarded as foreign investors both before and after the handover of sovereignty to China in 1997, Hong Kong based real estate developers (HK developers) took up a lion share of this form of FDI. This article reviews the literature and regulatory frameworks of FDI in the real estate sector in China. It investigates two major problems encountered by the HK developers, namely investment strategy and managing projects, and their solutions through the lens of institutional analysis.
Keywords: FDI; real estate development; property investment; construction project management; contractual arrangement (search for similar items in EconPapers)
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