Wang Jianlin is hoping that investors will like his new “De-List, Re-List” rap
China’s richest man promises to make investors wealthier, if they will help him to privatise the country’s biggest commercial developer, plus the mainland is now officially majority urban. Hong Kongers worried about encroaching mainlandization of the SAR may soon find that their dream home was made by a builder from north of the border, and much more, if you’ll only read on.
Wanda Promises 3X Return for Investors in Re-listing Scheme
Chinese property-and-entertainment conglomerate Dalian Wanda Group Co. is telling private investors joining its $4 billion property-arm buyout deal that they could triple their money when the unit lists domestically, the latest example of lofty expectations for Chinese companies rushing home.
Dalian Wanda Chairman Wang Jianlin has already started the process of buying out the commercial-property company’s Hong Kong-listed shares and relisting the company on a mainland China stock exchange, according to a document prepared for potential fund investors. Read more>>
Rich Chinese Turned Off by Hike in Aussie Investor Visa Requirements
An Australian program to let foreigners effectively buy permanent residency has stumbled on a problem: Rich Chinese are proving reluctant venture capitalists.
Australia last year revamped its millionaires’ visa scheme—officially, the Significant Investor Visa program—which offers a fast track to residency rights in return for investment. Read more>>
China Now Mostly Urban as People Shift to Cities
China is increasingly becoming a nation of town and city dwellers, with more than 55 percent now living in urban areas, the government said Thursday.
China’s transformation to a predominantly urban society is key to realizing the government’s goals of boosting consumption and raising living standards amid slowing economic growth. China’s vast countryside has lagged far behind urban areas in income growth, public services and job creation, prompting millions of Chinese to move to the cities. Read more>>
More Mainland Developers Taking Aim at Hong Kong Market
More and more mainland Chinese developers are setting their sights on Hong Kong’s land market to diversify in the wake of the a property market slowdown at home, especially in smaller cities, as well as to take advantage of the falling land prices in the city.
Tian Ming, chairman of Nanjing-based Landsea Green Properties, said Hong Kong would be its priority overseas investment destination this year. Read more>>
Moody’s Getting Gloomy About Credit Prospects for Chinese Developers
Moody’s Investors Service says that the credit quality of many Chinese property developers rated by Moody’s will stay weak in 2016, based on their financial results for the fiscal year ended 31 December 2015.
“The financial metrics of many rated Chinese property developers weakened in 2015, as margins contracted amid rising land costs, and developers’ lowering of their inventory levels in lower-tier cities,” says Kaven Tsang, a Moody’s Vice President and Senior Credit Officer. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.
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