Shares of Evergrande Property Services fell on their Hong Kong debut on Wednesday, as the firm struggled to shake off worries about debt and competition. ( read original story …)
PROPERTY
China Market Update: Manufacturing PMI Hits Ten Year High As The Grey Rhino Of Real Estate Could Lead To Equity Inflows
The PMI was without question a significant catalyst, though China Banking and Insurance Regulatory Commission released a statement that real estate speculation was a “gray rhino”, meaning that it … ( read original story …)
UPDATE 2-Beijing city in talks to rescue property firm Phoenix Tree -sources
An investment arm of Beijing’s city government is holding talks with shareholders of Phoenix Tree Holdings Ltd, known as Danke, on raising new funds to help turn around the cash-strapped Chinese … ( read original…
China blue-chips post biggest daily gain in 7 weeks on robust factory data
SHANGHAI, Dec 1 (Reuters) – China’s blue-chip stocks rose on Tuesday by their most in more than seven weeks, as better-than-expected manufacturing survey data underscored a continued recovery in the … ( read original story…
China banking regulator says property market is biggest ‘grey rhino’
China’s property market is the biggest “grey rhino” – a very obvious yet ignored threat – in terms of financial risks, given it is so deeply intertwined with the financial industry, the head of the…
Moody’s – China property inventory levels will remain healthy in the next 6-12 months
© 2020 Insider Inc. and finanzen.net GmbH (Imprint). All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer … ( read original story …)
How Property Booms Eat Our Economic Future
An increasing body of research looking at the U.S. and Chinese real-estate markets suggests that long booms may drag on the productivity of the economy. ( read original story …)
China stocks retreat from 5-yr high as consumer, property shares weigh
China stocks ended lower on Tuesday, as investors locked in profit following a recent rally, while the market showed scant reaction to news that U.S. President-elect Joe Biden was given the go-ahead … ( read…
China Evergrande’s property management arm launching US$2 billion IPO as developer seeks to pare massive debt
Evergrande Property Services, a unit of mainland China’s largest and most indebted developer China Evergrande Group, is looking to raise up to HK$15.8 billion (US$2.04 billion) from an initial public … ( read original story…
China Property Site KE Raises $2.1 Billion in Share Sale
Chinese online real estate platform KE Holdings Inc. will raise $2.1 billion in a follow-on offering after pricing the new shares at a 5% discount to their last close, according to people familiar … (…
China’s Commercial Property Market Is Booming: Hang Lung
Ronnie Chan, chairman of Hang Lung Group and Hang Lung Properties, discusses his businesses in Hong Kong and mainland China’s commercial real estate markets. He speaks with Rishaad Salamat and … ( read original story…
Former WeWork China exec launches a ‘startup studio’ for real estate
The real estate industry has been slow to adopt technology compared to many other sectors. The industry jargon refers to an organization that builds startups with an in-house team, hence it’s also … ( read…
China Oct new home prices cools, property investment accelerates
Chinese new home prices grew at a slower monthly pace in October, data showed on Monday, as many developers moved to cut prices to promote sales amid tighter government scrutiny on borrowing. ( read original…
