Most recently, China has undertaken efforts to curb outbound investment. China’s State Council Order No. 837 (effective July 1) significantly tightens oversight of outbound investments, explicitly including high-net-worth individuals. It has broadened the definition of “outbound investment”, subjects individuals to national security reviews, and imposes penalties for opaque or non-compliant wealth-transfer structures.
CapitaLand Investment (CLI) began trading on Sept 20, 2021. As its fifth anniversary approaches, where does it stand?
For much of the time since 2021, China was beset with problems from a property bust and growth slowdown, and currently intense competition from overcapacity from electric vehicles to batteries are causing price wars. China was, and still is CLI’s largest single overseas geography. Chinese assets accounted for 24% of CLI’s funds under management (FUM) as at Dec 31, 2025 compared to around 30% in 2021.
