Here is a list of the day’s latest China real estate news collected from around the web:
- China eases investment restrictions for insurers
China’s insurance regulator will allow insurers to invest in a wider range of corporate bonds and relax limits on equity and real estate investment, granting them greater freedom to seek higher returns and play a stronger role in the financial system.
- China Vanke acquires HK-listed property developer
China Vanke, the country’s largest property developer by market value, said late Monday that it has agreed to acquire a Hong Kong-listed real estate developer to aid in its overseas expansion efforts. Tan Huajie, Vanke’s board secretary, said the acquisition is just the first step in the company’s long-term overseas expansion plans.
- Agricultural Bank Of China Buys Hong Kong Office Building For HK$4.88 Billion
Agricultural Bank of China Ltd. (1288.HK) bought an office building in Hong Kong for HK$4.88 billion (US$629 million) to serve as its regional headquarters, Colliers International, which advised on the purchase, said Tuesday. The deal, which analysts said is the largest purchase of office space this year in Hong Kong, marks the latest push by Chinese companies to invest in overseas property markets as the Chinese government is cracking down on domestic real-estate investment.