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Nisha Gopalan

Beijing's Flexible Property Rules

Selected Chinese companies are being allowed to acquire assets offshore.
Photographer: Richard Baker/Getty Images

Wait, isn't there supposed to be some restriction on Chinese companies buying property offshore?

If there is, it doesn't seem to include Guangzhou R&F Properties Co. and CC Land Holdings Ltd., two of the mainland firms that have been snapping up real estate cast-offs from billionaire Wang Jianlin's Dalian Wanda Group Co.