2 ms·
Proxy purchases would be common via the informal financing system in places like Wenzhou. It's hard to imagine how the NZ government could possibly enforce such
by vorg 8y ago
Proxy purchases would be common via the informal financing system in places like Wenzhou. It's hard to imagine how the NZ government could possibly enforce such proxy purchases, especially since Australians and Singaporeans are exempt from the foreign buyer restrictions. Australia, New Zealand, and Singapore all have high immigration from China, and such immigrants can easily act as the proxies of anyone with an informal business relationship with a lender in Zhejiang.