as property developers gained on optimism about strong sales while Kweichow Moutai raised the price of its fiery liquor. Hong Kong’s benchmark Hang Seng Index advanced 0.9 per cent, or 266.05 points, to 29,863.71 at…
PROPERTY
China extends pilot plan to mortgage rural land rights
China’s top legislature on Wednesday approved a decision to extend a pilot program allowing farmers in selected areas to mortgage their land use rights and housing property rights. The decision was made by the Standing…
Sunac China Holdings Increases Stake in LeEco’s Le Vision Pictures
The drama of China’s entertainment and tech group LeEco continues to unfold as property developer Sunac China Holdings has increased its stake in one of the troubled group’s subsidiaries. According to an announcement made on…
What does 2018 have in store for bitcoin, Chinese growth and Hong Kong property prices?
Gravity can be defied, but not indefinitely – this basic law of more or less everything has been proven time and again, yet China’s four decades of economic … that’s a no-brainer – in a…
‘Hawaii of China’ dumps GDP targets to save its tropical beaches
Something’s in the air as environment becomes new battleground for China’s cadres Adding to the problems, the inspectors found the island’s sewerage systems were inadequate to cope with all the property projects being built and…
China’s Hollywood romance turns sour
At the end of 2016 Wang Jianlin, the chairman of Dalian Wanda, the Chinese property, retail and entertainment group … in the summer Wanda denied rumours that he had been forbidden from leaving China. Once…
China’s new consumption-driven economy isn’t what it seems
In China, where wealth is concentrated in Communist Party cadres and those close to them, the average is meaningless because the rich distort the reading. What matters is the median. The property bubble in big…
China stocks rise, led by financials and property firms
SHANGHAI, Dec 26 (Reuters) – China stocks ended firmer on Tuesday, led by financial and real estate firms, though trading was thin as year-end nears. ** At the close, the Shanghai Composite index was up…
CapitaLand to smarten property offerings
will step up efforts in technology innovation in China and explore setting up buildings, malls and communities that are all “intelligent”, in a bid to accelerate digitalization of its property offerings. Toward this end, the…
Access to China’s housing fund for Hongkongers hits a snag, as Shenzhen-based firm refuses to let eligible employee join
Latest official figures showed there were 82,531 Hongkongers working in mainland China. As members of the fund … that they could use to apply for low-interest housing loans for property purchases on the mainland, or…
Beijing property prices remain stable
BEIJING, Dec. 23 (Xinhua) — Property market in Beijing held steady in November with … fourth plenary session of the 12th Beijing committee of the Communist Party of China (CPC). According to the research arm…
China to focus on aiding first-time buyers, curbing speculation in 2018: Xinhua
China’s housing market boom has lasted more than two years, giving the economy a major boost but stirring fears of a property bubble, with the government taking stern measures to curtail speculative buying. Growth in…
Chinese property giants pledge USD 7 billion towards new projects
This is largely due to China’s dominant and ongoing economic contributions and close political ties between the two nations. In an announcement at the end of November, two major Chinese property and construction firms have…
