Blackstone’s Schwarzman thinks China needs to work on its messaging
The head of the world’s biggest alternative investor thinks China should get more transparent about its policies, while one of Hong Kong’s most controversial developers put out the highest bid for a luxury condo site. Also, a US mall giant unveils a star-studded set of brands for its first China shopping centre, and more headlines, if you will just keep reading.
Blackstone’s Schwarzman Calls for More Transparency in China
With the slowdown of the Chinese economy and plummeting crude oil prices, the future of the global economy has become increasingly uncertain. Markets around the world are also in a tailspin. It is still not clear where the global economy as well as markets are heading. The Nikkei Asian Review recently sat down with Stephen Schwarzman, CEO of major U.S. investment fund Blackstone Group, to shed light on these matters. Read more>>
Goldin Outbids Rivals to Buy HK Luxury Site for $821M
With the slowdown of the Chinese economy and plummeting crude oil prices, the future of the global economy has become increasingly uncertain. Markets around the world are also in a tailspin. It is still not clear where the global economy as well as markets are heading. The Nikkei Asian Review recently sat down with Stephen Schwarzman, CEO of major U.S. investment fund Blackstone Group, to shed light on these matters. Read more>>
Taubman Asia Unveils Retailer Line-Up for Xi’an Mall
Taubman Asia, a subsidiary of Taubman Centers, Inc. (NYSE: TCO) and Wangfujing Group Co., Ltd (Shanghai Stock Exchange: 600859), today unveiled a distinguished line-up of contemporary retailers that will open at their jointly developed CityOn.Xi’an project in Northwest China.
“We have taken a disciplined approach to growth in Asia and are thrilled to see our first China project come to life in CityOn.Xi’an,” said Rene Tremblay, president of Taubman Asia. Read more>>
Pair of Kai Tak Commercial Sites Expected to Fetch HK$15B
Developers are expected to seize opportunities to venture into Kowloon East as the government expedites its transformation into Hong Kong’s next central business district by releasing two large commercial sites in the Kai Tak area that together could be worth more than HK$15 billion at tender.
The Kai Tak area, which is a core part of the next-generation CBD that will be double the size of Central by 2020, will be under the spotlight in the government’s land sale programme for the financial year to March 2017. Read more>>
Casino Developer Landing Intl Appoints New COO
Lee Poh Yee has been appointed chief operating officer of mainland China real estate developer Landing International Development Ltd. The appointment is effective from Tuesday (March 1), the firm said in a filing to the Hong Kong Stock Exchange.
Mr Lee is an experienced gaming executive. He was currently chief executive of Landing Jeju Development Co Ltd. The latter is a joint venture between Landing International and gaming operator Genting Singapore Plc that is engaged in building a new casino resort on Jeju Island, in South Korea. A ground-breaking ceremony for that scheme took place in February 2015. 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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