Chinese language buyers have amassed almost £134bn of property in key UK industries starting from vitality corporations and transport hubs to breweries and colleges, it has emerged.
Practically 200 British corporations are both managed by teams or people primarily based in China and Hong Kong or depend them as minority shareholders, in accordance with an evaluation of enterprise information.
It reveals that Chinese language buyers personal almost £57bn of shares within the UK’s 100 greatest listed corporations, dominated by a 49 per cent stake in HSBC price £45bn. Investments valued at over £1bn have additionally been made in pharmaceutical large AstraZeneca, oil and gasoline corporations Shell and BP and alcohol firm Diageo.
Different investments embrace not less than 17 impartial colleges, Lotus Vehicles, Barnsley, Wolverhampton Wanderers and Manchester Metropolis soccer golf equipment, Cineworld and Odeon UCI cinemas, the QHotels group and the Skyscanner journey web site.
Chinese language corporations have additionally invested closely in property such because the £1.35bn “Walkie Talkie” constructing in central London and Royal Albert Dock in Liverpool, a 40 per cent share of which was purchased by the state-owned funding agency CITIC in 2015.
In the meantime the sovereign wealth fund China Funding Company (CIC) has constructed up a portfolio that includes a ten per cent share in Heathrow Airport valued at £1.65bn, a 49 per cent share (£1.37bn) in oil and pure gasoline firm Neptune Vitality, an 9 per cent (£1.2bn) share in Thames Water and a 90 per cent share in logistics and warehouse agency Logicor (£9.7bn).
Critical issues have been raised concerning the safety implications of China’s funding in UK property, most notably in relation to Hinkley Level nuclear energy station which is owned by French vitality agency EDF.
In 2016 Theresa Could’s authorities briefly put the undertaking on maintain earlier than attaching new situations to the £18bn deal. Nick Timothy, one of many then-prime minister’s chief advisers, had warned that China “might use their function to construct weaknesses into pc methods which can permit them to close down Britain’s vitality manufacturing at will.”
China Common Nuclear Energy maintain a 33.5 per cent stake within the plant, which is owned by the French state-owned vitality agency EDF.