China’s real estate downturn continued to put pressure on Shui On Land this week as the troubled developer sold two hotels worth a total of RMB 2.7 billion ($439 million) after posting worse than expected financial results. Luckily, for Shui On… Read More>>
US Runs Out of Investor Visas After Surge of Chinese Immigration
The US EB-5 investor visa program is done issuing visas to Chinese nationals for this fiscal year, thanks to a record surge of applicants from China.
The 24 year-old program, which provides 10,000 immigrant visas each year to individuals who… Read More>>
China to Allow 100% Foreign-Owned Hospitals
China took a major step towards opening up its healthcare sector to foreign investment this week, when the Ministry of Commerce and the National Health and Family Planning Commission jointly announced that foreign companies will be allowed to wholly own… Read More>>
Wanda Joining Tencent and Baidu in RMB 5B Ecommerce Deal
The companies belonging to three of China’s richest men are joining forces to form a new RMB 5 billion ($814 million) online shopping platform as Dalian Wanda, Tencent and Baidu are reported to be ready to sign a deal as… Read More>>
Carlyle Could Spend RMB 10B to Buy into 9 of China Vanke’s Malls
China’s real estate downturn may turn out to be good news for Carlyle Group as the private equity firm is said to be in advanced talks with China Vanke to buy into the developer’s shopping mall assets.
According to a… Read More>>
Downturn is Temporary, Fluctuations are Forever Says Govt Analyst
In 2014 analysts seem to have as many opinions on the future of China’s real estate market as the country’s government had home purchase restrictions in 2011.
With government and private surveys showing home prices sliding nationwide for at least… Read More>>
Eating Lunch and Snapping Selfies Atop a 346-Metre Tower in HK
After two Russians scaled the Shanghai Tower to film themselves dangling from the world’s second-tallest building, it seems to have started a new fad of climbing office towers just to show the world how tiny it looks from way,… Read More>>
Profits for China’s Biggest Builder Up 34% on Overseas Deals
China’s largest construction conglomerate, China State Construction Engineering (CSCEC), saw its profits rise by 34.4 percent during the first half of 2014, compared to the same period last year. While still a small percentage of its business, the company’s strongest… Read More>>
Billionaire Head of Developer Hydoo International Detained in Probe
Wong Choihing built Hydoo International Holding into one of China’s fastest growing developers of logistics real estate through entrepreneurial zeal and close ties to the party. Now the billionaire businessman’s ability to use official relationships to build his company appear… Read More>>
UBS Says China Real Estate Downturn Has Become Unstoppable
New economic data released last week reinforce the view that China’s economy is struggling to build a meaningful recovery, and at least one investment bank believes that an unstoppable slowdown in China’s real estate industry may be behind some recent disappointing… Read More>>
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