New York Stock Exchange-listed Beike Zhaofang, China’s largest online real estate listings and transactions platform, said it was acquiring a home renovations company for up to 8 billion yuan (US$1.2 …
PROPERTY
Warburg Pincus targets China distressed property with new JV
U.S. private equity giant Warburg Pincus has set up a China distressed real estate joint venture, in one of its largest investments in the sector to date, the company said on Monday. BEIJING, July 5…
Warburg to Build $5 Billion Distressed Property Manager in China
Warburg Pincus is creating a Chinese asset management company to invest in distressed real estate opportunities, with plans to garner $5 billion in assets in five years.
Morgan Stanley Downgrades China’s Property Sector
Morgan Stanley downgraded its outlook on China’s property sector citing risks that policymakers may take further steps to cool the overheated market and further prompt developers to reduce debt. The U …
Morgan Stanley Downgrades China’s Property Sector on Policy Risk
Morgan Stanley downgraded its outlook on China’s property sector amid risks policy makers may take steps to cool down the overheated market and further prompt developers to cut their debt levels.
China’s property development glory days are over, Vanke says
China Vanke has said it will give more weight to real estate management and services, as the country’s largest property developers tweak business models to bolster profitability amid tighter …
Developer China Evergrande says debt level down to 570 billion yuan
China Evergrande Group said on Tuesday its interest-bearing indebtedness has dropped to around 570 billion yuan ($88.23 billion), from 716.5 billion yuan at the end of 2020. The company had said early …
China’s retail ‘coma’ set to weigh on economic growth amid increasingly tight credit controls
China’s economic growth is on course to lose steam in the coming quarter amid Beijing’s increasingly tight credit controls and the slow recovery in consumption, which may drag down growth next year, …
‘Decoupling’ with China is Not the Answer
We are in serious competition with China, and it’s obvious that our leading position in some critical technologies has been targeted…. We need a thoughtful, long-term strategy to respond. Instead, …
CPPIB to exit six Chinese property developments
Canada Pension Plan Investment Board has agreed to sell its stake in six Raffles City developments, an integrated property development in China.
China’s Chip Investment Moves Ahead Full Throttle
Chinese semiconductor firms have continued to attract high levels of investment so far this year, sealing billions of dollars in financing as Beijing looks to build up its industry to meet demand …
The demise of China’s ‘model’ village, where cash and communism collide
It was a gilt-edged gift to Communist propaganda: a village led by a Party visionary who transformed farmers into millionaires while tacking close to China’s collectivist ideals.
CapitaLand to divest partial stakes in six Raffles City properties in China for $9.6 billion
CapitaLand expects to gain net proceeds of more than $2 billion from the transaction with Ping An Life Insurance Company of China.. Read more at straitstimes.com.
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