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Is it OK to buy the property of a Hong Kong company in Chinese mainland?

Of course. The purchase of mainland real estate by Hong Kong companies belongs to the purchase of houses by overseas companies in China. Foreign companies need to abide by relevant laws, regulations and provisions when purchasing real estate in China, including but not limited to the People's Republic of China (PRC) Urban Real Estate Management Law and the Measures for the Administration of Foreign Investment in Real Estate. Therefore, it is ok to buy properties of Hong Kong companies in the Mainland.