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Transforming China by Chinese Enterprises through Foreign Direct Investment: Experience of Hong Kong Real Estate Developers

Author

Listed:
  • Wong Mike C. W.
  • 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)

Abstract

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.

Suggested Citation

  • Wong Mike C. W. & Chen Steven X. G. & Choy Lennon H. T., 2019. "Transforming China by Chinese Enterprises through Foreign Direct Investment: Experience of Hong Kong Real Estate Developers," Man and the Economy, De Gruyter, vol. 6(1), pages 1-33, June.
    • Handle: RePEc:bpj:maneco:v:6:y:2019:i:1:p:33:n:4
    DOI: 10.1515/me-2019-0005
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    References listed on IDEAS

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