Here is a list of the day’s latest China real estate news collected from around the web:
- ‘World’s biggest’ Apple retail store coming to Dalian, China
A mall in Dalian, China, has begun advertising that the “world’s biggest” Apple Store is set to open in the near future. The new store will be located at Parkland Mall in Dalian.
- Pursuit of real estate by rich lifting up Hong Kong prices
More and more wealthy people on the mainland are trying to buy properties in Hong Kong, according to the 2012 edition of The Wealth Report, which was released on Wednesday by the consultancy Knight Frank LLP and the wealth manager Citi Private Bank.
- China’s Developers Rebound on Policy Outlook
China’s property shares rose, rebounding from yesterday’s slump that sent a measure tracking real estate stocks to a seven-week low, on speculation the government may hold back further housing curbs as growth slows.
- China Picks Wenzhou for Small-Business Funding Experiment
Wenzhou, the Chinese city where more than 80 indebted businessmen committed suicide or went bankrupt in six months last year, was chosen for a trial program that aims to improve funding and broaden investment.
- Shanghai a hit with super rich
SHANGHAI and Beijing are growing rapidly in importance in the view of high-net-worth individuals and will take fourth and third places in a list of the world’s top cities in 10 years, according to a report by Knight Frank and Citi Private Bank.
- China’s ICBC says profit rises, bad loans increase
Industrial and Commercial Bank of China reported an increase in non-performing loans on Thursday alongside stronger-than-expected fourth-quarter earnings, pointing to possible worsening credit quality as China’s economy slows.