Author Archives: CrowdFunz

itain’s historic Brexit aftershock is not over, and global financial markets continue to fall into chaos. With the pound slumping and the dollar strengthening, Renminbi dropped by nearly 600 points on June 27th, the largest one-day drop since the devaluation of the renminbi triggered the global financial turmoil in August last year. It also hit a 5-year low onshore exchange rate.

On June 24, the Brexit referendum was settled. Because it is very different from the previous market expectations, Brexit has become a black swan event, triggering violent turbulence in the global financial market. Some insiders pointed out that Chinese investors shall consider the opportunities to adjust asset allocation and increase the proportion of safe-haven assets.

According to a report in July last year by Financial Times, more than 60% of the wealthy in China considered a series of advantages such as safe and stable overseas investment, a comfortable environment, elite education, and rich welfare and said that they plan to increase their overseas assets in the next two years.

Brooklyn Chinatown, centered on 8th Avenue, is one of the fastest growing areas in New York City and has become the focus of many investors in the past two years. Why are big coffees in the real estate industry at home and abroad interested in it? Let us understand from the following aspects together.