Is it legal for China people to buy a house abroad?

China people can't buy a house abroad. China people can buy a house abroad only if they have to apply for immigration. China residents are not allowed to buy houses overseas.

Buying a house overseas is defined by the foreign exchange bureau as overseas investment, not consumption; Overseas investment belongs to this item. In China, this is very strict. According to the policy of the foreign exchange bureau, domestic enterprises can invest abroad, such as setting up factories, mergers and acquisitions, equity participation and setting up subsidiaries. The processes and operations of these businesses are clearly defined; However, there are no other policies for domestic residents to invest abroad except those related to special purpose companies; The only foreign exchange business that domestic residents can handle through the foreign exchange bureau is the transfer and inheritance of immigrants, as well as the newly launched overseas listed companies. And there is no provision for investing in buying a house abroad.

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