BEIJING, July 17 (Reuters) – Real estate investment in China rose 8.5 percent in the first half of 2017 from the same period a year earlier, easing slightly from 8.8 percent growth in the first…
PROPERTY
After Wanda Deal, Chinese Property Developer Faces Debt Risk
BEIJING — The Chinese property developer Sunac China Holdings has turned into one of the country’s biggest white knights, swooping in to help troubled companies with too much debt. The risk: Sunac is amassing its…
CORRECTED-UPDATE 2-China May property investment eases, construction starts dip sharply
(Corrects May property investment growth to 7.3 pct from 7.2 pct in fourth paragraph and bullet) * May Property investment +7.3 pct y/y (vs +9.6 pct in April) * New construction starts +5.2 pct y/y…
CORRECTED-China May property investment growth eases for first time in three months
(Corrects figure in second paragraph to 7.3 pct from 7.2 pct. An alert was also issued with the 7.2 pct number.) BEIJING, June 14 (Reuters) – China’s property investment growth eased for the first time…
Stockholders Ride China’s Developer Wave Despite Warning Signs
For all the headlines on China’s deleveraging and actions to damp a hot property market, there’s still plenty of exuberance around. Two growth-consumed developers, Sunac China Holdings Ltd. and China Evergrande Group, have shown in…
China June trade beats expectations as global demand remains strong
Beijing (Reuters) – China reported better-than-expected trade data for June, suggesting the economy is holding up well thanks to firmer global demand, despite a cooling property market at home amid a financial crackdown that has…
There’s a strange accounting trick behind one of China’s largest property deals ever
Major Chinese conglomerate Dalian Wanda is selling a bunch of its theme parks and hotels for $9.3 billion to Sunac, a Chinese property developer. That is projected to be the one of the largest Chinese…
Sunac China’s shares soar as $9.3 billion Wanda property deal seen as positive
HONG KONG Sunac China Holdings’s (1918.HK) planned $9.3 billion deal to buy Dalian Wanda’s tourism projects and hotels is a bargain even though it could become China’s most indebted developer, analysts said, a view that…
BRIEF-China SCE Property Holdings updates on June operating data
* June 2017, group together with its joint ventures and associates achieved a contracted sales amount of approximately RMB3.932 billion Source text for Eikon: Further company coverage: ( read original story …)
In China, homeowners anxiously wait for government to give them land rights
But such a plan, long discussed, has yet to be fulfilled in China, leaving deep worry among people whose financial well-being is tied up in property without a certain future – an uncertainty whose many…
China May Have New Property Debt King After Sunac’s Latest Deal
As some Chinese tycoons slow acquisitions to focus on digesting their massive debt loads, one property billionaire is moving the other way. Sunac China Holdings Ltd. Chairman Sun Hongbin over the past year oversaw an…
Swiss Re backs mobile parametric insurance for China typhoon risk
Global reinsurance giant Swiss Re has partnered with China’s Ping An Property & Casualty Insurance Company of China, Ltd to develop and deliver mobile-enabled parametric insurance protection against typhoons. The new parametric solution is China’s…
China is focusing on the wrong things to fix its economy, says economist
Getty Images Experts have expressed concerns over high debt levels and the frothy property market in China, which was an issue that Xie also took issue with. “Half of the loans in China are exposed…
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