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China bans government elites from holding overseas real estate assets

1 month ago   |   By The Real Deal New York

That's what Xi said. The Communist Party in China is banning its key members and their families from holding real estate assets abroad in a move it hopes will help insulate the government from potential sanctions by other countries. The Wall Street Journal is reporting a notice sent out by the party's Central Organization Authority “prohibits spouses and children of ministerial-level officials from holding - directly or indirectly - any real estate abroad or shares
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