The Chinese government has spent upwards of $ 70 million on Hong Kong property over the last year in what is thought to be a bid to exert control over the city after Occupy Central protests last year questioned the rule of China ’s Communist regime . The purchases have been made by labour ’s Liaison office , which has not revealed any details and has refused to comment on speculation . The Liaison Office has always been a keen investor in Hong Kong property ; since 1999 , it is believed to have spent $ 200 m on apartment blocks , retail spaces and staff housing .
The Chinese government has spent upwards of $70m on Hong Kong properties over the last year in what is thought to be a bid to exert control over the city after Occupy Central protests last year questioned the rule of China’s Communist Party. The purchases have been made by Beijing’s Liaison Office, which has not revealed any details and has refused to comment on speculation. The Liaison Office has always been a keen investor in Hong Kong property; since 1999, it is believed to have spent $387m on apartment blocks, office spaces and staff housing.