Hah, this can't be true, according to the self proclaimed expert here on restricted Chinese funds, the limit is $50,000.
"If the Chinese economy and RMB currency go into a nosedive, you'll likely see a large capital flight disguised as overseas investment.
One sector increasingly on the Chinese shopping list in the US is real estate, with buyers snapping up expensive homes and high-end commercial properties at a record pace." $936,000 average purchase price.
"In 2016, we had $27.3 billion in volume of sales to Chinese buyers compared to $7 to $13 billion up until 2013,"
Wow, that money just keeps pouring in.