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Greenland Metropolis Los Angeles

Greenland Group Breaks Ground on $1B Los Angeles Project

Greenland Metropolis Los Angeles

2014/02/18 by Michael Cole 1 Comment

Shanghai-based Greenland Group unveiled new details of its 1-billion-U.S. dollar Metropolis Los Angeles project at a ground-breaking ceremony on Friday.

The 6.33-acre project, located on Francisco Street between 8th and 9th Streets, is the largest undeveloped site in Downtown Los… Read More>>

Shanghai-based Greenland Group unveiled new details of its 1-billion-U.S. dollar Metropolis Los Angeles project at a … Read more>>>

Ping An Lloyd's Building

China’s Insurers in No Rush to Buy Real Estate

Ping An Lloyd's Building

2014/02/18 by Michael Cole Leave a Comment

Mainland insurers are off to a slow start in property investments in and outside the country as they gradually build up specialised teams and pin down strategies following a relaxation of policies by state authorities.

In 2012, the industry… Read More>>

Mainland insurers are off to a slow start in property investments in and outside the country as they gradually build up … Read more>>>

Vancouver Chinese New Year

45,000 Chinese Seek New Homes After Canada Cancels Investor Visas

Vancouver Chinese New Year

2014/02/18 by Michael Cole Leave a Comment

More than 45,000 wealthy Chinese who had hoped to gain Canadian residency may be looking for a new haven outside of China after Canada cancelled its investor visa program last week.

The move by Canada’s government came within one week… Read More>>

More than 45,000 wealthy Chinese who had hoped to gain Canadian residency may be looking for a new haven outside of … Read more>>>

Resorts World Sentosa

Chinese Firm Teams with Sentosa Developer for US$2.2B S Korea Casino

Resorts World Sentosa

2014/02/11 by Michael Cole Leave a Comment

A Chinese developer is teaming up with the company behind one of Singapore’s Sentosa casinos to invest US$2.2 billion in a new gambling-centred project in South Korea, the companies announced this week.

The joint venture between Genting Singapore Plc and… Read More>>

A Chinese developer is teaming up with the company behind one of Singapore's Sentosa casinos to invest US$2.2 billion in … Read more>>>

ram brewery london

Chinese Investment in London Real Estate a Top Global Trend

ram brewery london

2014/02/11 by Michael Cole Leave a Comment

Chinese investment in UK real estate didn’t just make headlines in China last year, according to one recent report, the flow of Chinese wealth into downtown London is a top global trend.

Chinese investors were behind a number of attention-grabbing… Read More>>

Chinese investment in UK real estate didn't just make headlines in China last year, according to one recent report, the … Read more>>>

Dubai Pearl done

HK Group Invests $1.9B in Dubai and Bets on 12 China Senior Homes

Dubai Pearl done

2014/02/10 by Michael Cole Leave a Comment

A little-known Hong Kong company has agreed to invest US$1.9 billion to turn around a stalled Dubai property project, and sell off pieces of it to Chinese investors.

At the same time, the Dubai-based firm that lacked the funds to… Read More>>

A little-known Hong Kong company has agreed to invest US$1.9 billion to turn around a stalled Dubai property project, … Read more>>>

Dalian Wanda Wang Jianlin

Cameron says China’s Wanda to invest up to $5B in UK

Dalian Wanda Wang Jianlin

2014/01/27 by Syndicated Content Leave a Comment

Dalian Wanda, the property developer headed by China’s richest man, plans to invest up to 3 billion pounds ($5 billion) in regeneration projects in Britain, Britain’s prime minister said on Friday.

Prime Minister David Cameron unveiled the investment after meeting Dalian Wanda’s chairman Wang Jianlin in Davos this week. It comes after Cameron led the largest-ever British mission to China last December that involved about 100 business people.

Dalian Wanda, the property developer headed by China's richest man, plans to invest up to 3 billion pounds ($5 billion) … Read more>>>

Study Documents $458.3 billion in China Outbound Wealth Transfer

2014/01/23 by Syndicated Content Leave a Comment

About 2.8 trillion ($458.3 billion) of the 33 trillion yuan ($5.45 trillion) of assets owned by rich Chinese was transferred overseas in 2011, equivalent to 3 percent of China’s GDP in the same year, according to a blue book published on Wednesday.

“Rich” refers to those who individually possess more than 6 million yuan of investable assets.

Hong Kong is the most popular asset transfer destination for rich Chinese, attracting 22 percent of the 2.8 trillion yuan. The United States came second, attracting 21 percent of the assets. About 16 percent of the assets went to Canada. Switzerland, Singapore and Australia.

About 2.8 trillion ($458.3 billion) of the 33 trillion yuan ($5.45 trillion) of assets owned by rich Chinese was … Read more>>>

More Chinese Securing Investor Visas to Move Overseas

2014/01/23 by Syndicated Content Leave a Comment

Migration for investment in overseas real estate markets has become a top choice for Chinese applicants, according to a report on China’s migration status released on Wednesday.

The Annual Report on Chinese International Migration 2014 shows that a growing number of Chinese investors are rushing to go abroad in order to buy properties and establish permanent residence in places like Europe and North America.

Migration for investment in overseas real estate markets has become a top choice for Chinese applicants, according to a … Read more>>>

Fosun CEO Liang Xinjun

China’s Fosun Confident It Has Cash to Buy Portuguese Insurer

Fosun CEO Liang Xinjun

2014/01/22 by Michael Cole Leave a Comment

Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China’s leading global investors, today reassured investors that it has adequate cash to finance its proposed 1 billion euro purchase of Portuguese insurer Caixa Seguros e Saude.

The company also indicated that it will continue to look for investment opportunities outside of China.

Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China's leading global … Read more>>>

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