Here is a list of the day’s latest China real estate news collected from around the web:
Fitch Ratings has assigned property developer China Vanke Co., Ltd’s (Vanke; BBB+/Stable) three-year CNY1bn senior unsecured Chinese yuan-denominated notes a final rating of ‘BBB+ ‘. The notes issued by Bestgain Real Estate Lyra Limited (Bestgain), are to be jointly and severally guaranteed by Vanke Real Estate (Hong Kong) Company Ltd (Vanke HK), a wholly owned subsidiary of Vanke.
The assignment of the final rating follows…
U.S. movie theater giant AMC Entertainment Holdings, the movie theater chain controlled by China’s Dalian Wanda Group, led by the country’s richest man Wang Jianlin, plans to raise up to $368 million in an initial public offering that would value the company at up to $1.9 billion.
The Leawood, Kansas-based company will sell 18.4 million Class A shares at $18-$20 each, according to a statement late on Tuesday. It said it plans to use the funds to reduce debt and for general corporate purposes.
Eight years ago, as personal incomes here soared, China Poly Group Corporation, a state-run conglomerate that began life selling weapons for the People’s Liberation Army, decided to venture onto another sort of battlefield — the art market.
The corporation had already expanded into theaters, sports cars, real estate, even television sitcoms, and the new division, Beijing Poly International Auction, soon joined the others in Poly’s imposing modernist, sand-colored office tower here, where visitors can shop for a painting on the third floor or a missile system on the 27th.
China’s commerce ministry has simplified rules to make it easier for foreign firms to use Chinese renminbi they raise offshore to invest in the mainland, the latest effort to broaden the currency’s footprint.
The simplification to rules published in 2010 and 2011 has scrapped extra approval procedures previously needed specifically for investment projects denominated in yuan, otherwise known as the renminbi, the ministry said in a statement on Monday on its website.
China HGS Real Estate Inc. (Nasdaq:HGSH) reported on its financial results that it has delivered an outstanding performance driven by solid market demands despite restrictive measurements imposed by the central government on the real estate market in China.
For the full fiscal 2013, HGSH posted total revenues of approximately $67.8 million, an approx. 260% increase year over year, net income of approx. $20.8 million, an increase of approx. 300% compared to…
US-listed online real estate services provider E-House (China) Holdings was able to complete a $135 million convertible bond offering just before the start of US trading on Thursday, almost 36 hours after the deal first hit the market.
However, the five-put-three deal was downsized from an initial plan to raise $180 million and the bookrunner also gave up a large portion of its fees to…
China’s manufacturing activity in December expanded at its slowest rate in three months, British banking giant HSBC said Monday.
The bank’s preliminary purchasing managers’ index (PMI) for the world’s second-largest economy came in at 50.5 for the month, down from a final reading of 50.8 in November and the lowest since September.
The index tracks manufacturing activity in China’s factories and workshops and is…
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