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…
Tagged By property
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…
Chinese developer buys stake in China Sports to tap sports facility sector
China Aoyuan Property said it has offered to pay 3.3 billion yuan (US$485 million) for an estimated 22 per cent stake of China Sports Industry Group , in a bid to tap into the country’s…
Chinese overseas property purchases crash through US$100b barrier in 2016
“Up to half of this new investment could go to property.” China last year surpassed Singapore as the largest source of Asian capital in the global real estate market for the first time, accounting for…
Fitch Assigns China’s Shimao USD Notes Final ‘BBB-‘
(The following statement was released by the rating agency) HONG KONG, July 04 (Fitch) Fitch Ratings has assigned China-based property developer Shimao Property Holdings Limited’s (BBB-/Stable) USD600 million 4.75% senior notes due 2022 a final…
The China-UK property connect
Jeremy Helsby, CEO of Savills plc, says the potential of China’s property industry is immense. [Photo provided to China Daily] On a rainy afternoon in Shanghai, Jeremy Helsby asks for English breakfast tea to refresh…
China Vanke wins Guangzhou land auction with $8.1bn bid
China Vanke, the property group which fended-off China’s highest-profile hostile takeover attempt this year, has paid $8.1bn for land in the southern city of Guangzhou, in what is thought to be the most costly land…
