Property News · August 14, 2019

China’s push back on dual passports may derail investment immigration schemes


Global real estate investment flows could be disrupted if the authorities in mainland China were to crack down on the country’s booming trade in ­second passports.Tens of thousands of high-net-worth individuals in the mainland could be affected if authorities restricted the practice of buying property in a foreign country as a way of acquiring a second citizenship, experts said.The possibility of such action was highlighted earlier this month when Sun Xiang, a National People’s Congress…

Source : South China Morning Post
Read more…China’s push back on dual passports may derail investment immigration schemes

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