, Chair of the Firm's China / Hong Kong practice and a Partner working from both the Hong Kong and Houston offices, was recently quoted in a Reuters
article examining new controls on outbound investments and deals in China. According to sources, the State Administration of Foreign Exchange will begin scrutinizing outbound deals and transfers above $5 million to other countries. Burch addressed these new restrictions noting they will likely have an impact on deals in the market. Burch added: “Stronger capital controls could also affect China’s push to internationalize the yuan and would raise questions about where capital will flow internally, as property prices are already high.”
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