根据世邦魏理仕（CBRE）最近发布的报告《中国资本在全球房地产市场的扩张》（The Expanding Role of Chinese Capital in Global Real Estate Markets）显示，虽然中国股市2015年以来经历震荡洗盘，并创下最大跌幅，但在过去四年，中国推动海外资本流向商业房地产。2014年，中国海外资本投资商业房地产的总额超过100亿美元，复合年增长率（CAGR）约72%。

中国境外商业地产投资（按目的地划分）

这是中国在海外房地产投资年度总额首次超过100亿美元大关。在2013年和2014年，中国占全亚洲海外商业房地产总投资的比例超过四分之一。

原本一开始只是中国主权财富基金（SWFs）和一级保险公司高调收购豪华海外房产，如今已经蔓延到中型保险公司和企业投资者竞相收购海外房产。与此同时，中国的房地产开发商也相当活跃，不断开拓海外市场，以满足内地高资产净值人士对主要目的地住宅房产日益增加的需求。

抓住重要离岸市场机遇

英国

世邦魏理仕《2015年全球投资者意向调查》（Global Investor Intentions Survey 2015）显示，在寻求商业房地产资产的全球投资者心目中，伦敦是最首选的城市。受益于房地产市场的庞大和高流通性，以及市场环境透明、稳定和高度发达，伦敦吸引了大量全球投资者的投资热情。2013年和2014年对伦敦房地产的收购，分别占中国大陆对欧洲商业地产投资总额的80%和 52%。尽管目前全球门户城市房产收益率在持续降低，但伦敦房产继续保持一定比吸引力；英国全国就业数据正处于几十年来的新高，再加上高稳定的经济增长的预期，预计在未来几年内支撑当地房地产市场强劲增长。

美国

2013年至2014年，流向美国的资金占中国对外投资总数的五分之一，其中大多数流入门户城市的酒店和办公资产。在这两年期间，对纽约、洛杉矶、芝加哥、休斯顿和旧金山等城市的酒店和办公资产收购占美国商业地产投资的比例超过60%，对纽约和洛杉矶高档办公室和酒店资产大约占其中一半。

澳大利亚

中国对美国和英国的大举投资在很大程度是由于这两个国家的各自经济以及国际金融中心的规模。相反，澳大利亚很大程度上依赖与中国的商业联系，澳大利亚已成为中国最大的贸易伙伴。2014年,中国成为澳大利亚商业地产第二大外国买家，仅次于新加坡，其中悉尼的房产最吸引中国投资者。

中国流向英国商业房产的境外资金

上图：中国流向澳洲商业房产的境外资金；下图：中国流向英国商业房产的境外资金

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Despite China Stock Market Volatility, Outbound Property Investment Grows

While China's stock market has been experiencing record drops and whipsaw volatility in 2015, China driven outbound capital flows to commercial real estate in last four years experienced a compound annual growth rate (CAGR) of approximately 72% to reach over $10 billion for the year 2014. This is according to CBRE's recently published report, The Expanding Role of Chinese Capitalin Global Real Estate Markets.

This is the first time annual flows have exceeded the $10 billion mark. China also accounted for over a quarter of total outbound commercial real estate investment from Asia during 2013 and 2014.

What began with China's sovereign wealth funds (SWFs) and tier-one insurers purchasing high-profile trophy assets abroad has now spread to acquisitions by mid-tier insurers and corporate investors. Meanwhile, Chinese real estate developers have also been quite active, expanding into overseas markets in a bid to meet increasing demand from mainland HNWIs for residential assets in key destinations.

Capturing opportunities in key offshore markets: UK, US and Australia

CBRE's Global Investor Intentions Survey 2015 revealed London as the most preferred city for investment amongst global investors seeking to purchase commercial real estate assets. With a large and liquid real estate market, as well as a transparent, relatively stable and highly developed market environment, London has drawn wide-spread enthusiasm from global investors. Real estate acquisitions in London accounted for approximately 80% and 52% of total China-sourced commercial real estate investment flows to Europe in 2013 and 2014, respectively.  Even as yields in gateway cities across the globe continue to compress, they are likely to remain comparatively attractive in London; national employment figures for the UK are at a multi-decade high and forecasts of stable economic growth are expected to support the strong performance of local property markets over the next few years.

US-bound flows accounted for over a fifth of total outbound investment from China in 2013 and 2014, the majority of which has gone to hotel and office assets in gateway cities. Over the two-year period, purchases of hotel and office assets in New York, Los Angeles, Chicago, Houston and San Francisco accounted for over 60% of US-bound capital to commercial real estate, with purchases of premium office and hotel assets in New York and Los Angeles comprising approximately half of the total.

While the high level of Chinese investment into the US and the UK is due in significant part to the size of each nation's respective economy and international financial centers, Australia has instead relied largely on the strength of its commercial ties with China, its largest trading partner. In 2014, China rose to become the second largest foreign purchaser of commercial property in Australia, behind only Singapore, with properties in Sydney the most attractive to Chinese investors.