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Business / Industries

Chinese companies to invest $20b in overseas properties in 2015

(Agencies) Updated: 2015-01-27 07:50

Lloyds of London building

Chinese insurerPing An Insurance (Group) Co of China Ltd bought the Lloyds of London building for 260 million pounds ($387 million) from a German fund managed by Commerz Real in July 2013 after China eased restrictions on Chinese companies investing in overseas real estate.

Chinese companies to invest $20b in overseas properties in 2015
View of the Lloyd's of London building in the City of London, March 27, 2014. [Photo/IC]

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