Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
China’s First Public REIT Is 60% Oversubscribed
China’s first public real estate investment trust received investor orders for about 1.6 times the amount of units being sold in its initial public offering.
Moody’s Upgrades China Vanke’s Ratings After Sales Grow 9% in 2015
Moody’s Investors Service has upgraded China Vanke Co., Ltd.’s issuer rating to Baa1 from Baa2. In the first six months of 2015, China Vanke’s contracted sales continued to grow 9.0% year-on-year to RMB110 billion.
China May Lift One-Child Rule Without Restrictions This Year
The new policy, which China experts say could be unveiled as soon as the end of this year, would make two-children the universal standard, and potentially help drive new economic growth.
Stronger Sales and Lower Land Acquisition Help Lower Chinese Developer Gearing
Mainland China’s property developers are expected to report lighter debts and stronger liquidity at the end of June, giving them more leeway to weather any headwinds in the second half, industry analysts said.
Shanghai Acquisition Won’t Hurt The Link REIT’s Credit Rating
The Link REIT’s RMB 6.6 billion acquisition of Shui On Land’s Corporate Avenue phase one is not expected to have a negative impact on its credit.
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for more news as it happens.
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