Here is a list of the day’s latest China real estate news collected from around the web:
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Fitch Rates Vanke’s USD Notes Final ‘BBB+’
Fitch Ratings has assigned China Vanke Co Ltd. (Vanke; ‘BBB+’/Stable) five-year USD800m offshore unsubordinated unsecured notes a final rating of ‘BBB+’. The notes issued by Bestgain Real Estate Limited (Bestgain) are jointly and severally guaranteed by Vanke Real Estate (Hong Kong) Company Ltd (Vanke HK), a wholly owned subsidiary of China Vanke. The assignment of the final rating follows the receipt of documents conforming to information already received.
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China calls for clearer guidelines from US on foreign investment
China’s Commerce minister called for clearer guidelines from the United States on its security review procedures for foreign investment, while saying that China does not target specific countries for overseas investment.
China is studying the procedures of the Committee on Foreign Investment in the United States, or CFIUS, as it sets in motion its own security review, Chen Deming told reporters on Friday at a briefing at China’s annual parliament session.
China, the world’s fifth-largest source of outbound investment, regularly complains that the US blocks access to plum investment prospects on national security grounds. -
Leave Wife, Sell House, Keep Cash in China
When the Chinese government announced new curbs on property prices this month, homeowners bombarded social networking sites with complaints. They formed long lines at property bureaus to register to sell their homes before the restrictions went into effect.
And some couples went even further: they filed for divorce.
Divorce filings shot up here and in other big cities across China this past week after rumors spread that one way to avoid the new 20 percent tax on profits from housing sales was to separate from a spouse, at least on paper.”
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