BEIJING: China’s richest man has said that he considers the UK the best place in the world to invest.
Wang Jianlin, chair of China’s largest property company, Dalian Wanda, said the UK had one of the most open markets and that investment was not subject to the same scrutiny as elsewhere.
Mr Wang told the BBC he was looking to invest $1bn (£667m) in the UK entertainment industry.
He is also considering buying an English or Italian football club.
“I’ve travelled to many countries to consider them for investment, and most admire Britain’s market,” he said.
“Britain has one of the highest degrees of free market openness, no investment needs to be scrutinised, it’s entirely up to you.”
He said that he likes the US as well but the Committee on Foreign Investment in the US scrutinises investment and can block it.
He added that China needs to reform its own market.
Mr Wang is estimated to be worth $24.2bn and recently reclaimed the title of China’s richest man, overtaking Jack Ma, the boss of e-commerce giant Alibaba, according to Forbes.
