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Post-Brexit exchange rate move brings chances for bargain-hunting
The City of London in June. Photo: IC
China Minsheng Investment Group nike cortez black sale , the nation's largest private investment fund, is actively looking for opportunities in the property market in London, following the UK's decision to leave the EU.
The move is part of domestic enterprises' expansion into the global market, experts noted on Monday.
Since September, Minsheng has acquired two offices for leading financial institutions in London in deals totaling HK$1.2 billion ($154.67 million) nike cortez red womens sale , according to the filing of SRE Group, a subsidiary of China Minsheng, sent to the Hong Kong Stock Exchange on Monday.
The most recent was the takeover of a six-story office building, located at the center of the City of London, for 32.5 million pounds ($42.39 million) nike cortez red sale , according to the filing.
The 34,000 square meter building is fully leased to global financial company Cazenove Capital Management for seven years at 1.5 million pounds per year, the filing noted.
On September 2, SRE Group signed a sale and purchase agreement to buy the London headquarters of French Bank Societe Generale, which is also located in the City of London www.cortezshoessale.com , according to the filing the company sent to the Hong Kong Stock Exchange the same day.
The deal is valued at 84.5 million pounds, -Minsheng's largest investment in London's real estate market following the UK'sBrexit vote, domestic news portal ifeng reported on Monday.
Brexit may hit the UK hard in the short term, but it also means promising investment opportunities for Minsheng, experts noted.
"In terms of the exchange rate nike cortez womens sale , it is a good time for bargain-hunting in the UK since its currency has already depreciated more than 10 percent against the US dollar since the June 23 UK referendum to leave the EU," Wang Yumin, an expert from cross-border investment service provider CubeTech Global Asset, told the Global Times on Monday.
In the long term, Brexit will have much positive impact on the UK nike cortez shoes sale , which will be more independent in setting policies and decisions for the good of its economy, Wang said. Also, the EU will no longer be a drag on its economy, Wang noted.
The UK economy is in good shape, having posted 0.6 percent growth in the second quarter of this year nike cortez sale , accelerating from 0.4 percent growth in the first quarter, the Office for National Statistics said last month.
"The growth potential of asset values" was another reason why Minsheng Investment has made its acquisitions, experts noted.
The company's strategic move into London's real estate market also comes amid a trend of Chinese enterprises going global, said Li Junjie, a partner at the Zhong Lun Law Firm and deputy director of the Institute of International Acquisition and Investment at Renmin University of China.
For example Womens Nike Cortez Classic Nylon Purple Shoes , the value of Chinese overseas merger and acquisition (M&A) deals was $54.3 billion during the January-July period, surpassing the full-year record of 2015, according to a statement the Ministry of Commerce sent to the Global Times in August.
The increase in M&A deals shows that Chinese companies are looking for potential opportunities in foreign markets to increase the competitiveness of their investment portfolios, Li said.
In addition, investments in property in London's financial center are always good choices Womens Nike Cortez Classic Nylon Orange White Shoes , given the limited risks, Wang said.
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SUVA, Oct. 26 (Xinhua) -- Fijian Prime Minister Voreqe Bainimarama has called his official visits to Australia and New Zealand earlier this month a ""resounding success,"" according to the government-owned Fiji Broadcasting Corporation (FBC) on Wednesday.
The visits have strengthened ties with the two close neighbors and traditional partners, and there are a number of new bilateral initiatives in the pipeline, Bainimarama said.
""A few talks on defense cooperation and of course some visits by the patrol boat and there were some talks on rugby, on sports of course, we want to take advantage of the offer put forward by (New Zealand's) honourable Foreign Minister Murray McCully,"" the Fijian prime minister told the FBC.
Sports development is one of the areas of keen discussions that could see more super rugby matches coming to Fiji beyond the initial two-year agreement, added Bainimarama.
New Zealand Prime Minister John Key paid a two-day official visit to Fiji in June. Last month, Bainimarama invited Australian Prime Minister Malcolm Turnbull to visit Fiji when the two prime ministers met while attending the United Nations General Assembly.
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SEOUL, May 7 (Xinhua) -- The fourth case of a Zika virus in South Korea has been detected from a woman who recently came back from a trip to Vietnam, the Korea Centers for Disease Control and Prevention (KCDC) said Saturday.
The 25-year-old woman worked in Ho Chi Minh City from April 10 to April 30 and entered South Korea on May 1, said the KCDC.
She visited a hospital in the western port city of Incheon on May 4 to treat a chronic thyroid gland problem after having rash and joint pain and was diagnosed with the mosquito-borne virus.
The KCDC suspected that she might have been bitten by a mosquito while in the Southeast Asian nation, noting that the patient is currently in stable condition.
Health authorities are also examining a person who met with the woman in Vietnam between April 13 to April 17 for potential transmission of the virus.
The latest case raises the number of confirmed infections in South Korea to four.
The first South Korean Zika case was found from a 43-year-old man on March 22. The other two Zika cases were confirmed on April 27 and April 29 respectively, from two brothers who had travelled to the Philippines together.
Zika is a virus that is primarily spread by mosquit. |
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