What do Thames Water, Heathrow, Harvey Nichols and Canary Wharf have in common? They are all part-owned by China.
And by 2025, China’s sovereign wealth fund will have more British assets in its kitty as its set to inject more than £105bn in British infrastructure.
According to research by Centre for Economics and Business Research (CEBR) and law firm Pinsent Masons, China has its eyes set on Britain’s big energy, property and transport projects.
The land of the red dragon has already invested £2bn in Britain this year – investments include Sanpower’s $790m investment into House of Fraser and China Construction Bank’s $187m real estate investment into Old Broad Street. According to the research, China has invested over £11.7bn in Britain between 2005 and 2013.
Richard Laudy, a partner at Pinsent Masons, said: “We expect this to be the beginning of a major trend as a trickle of Chinese investment turns into a wave over the coming decade.”