Sales for China’s top 100 developers fell 29 percent for the first seven months of 2019, as the government has continued a year-long clampdown on the housing market, and that trend could be set to continue, as the country’s top… Read More>>
A Chinese government-controlled fund now owns New York’s Waldorf Astoria hotel, as mainland regulators have officially nationalised the hotel’s purchaser, Anbang Insurance Group.
Nearly full ownership of Anbang has been transferred to the government-controlled China Insurance Security Fund, the China… Read More>>
Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.
The city saw some 13,550… Read More>>
China’s government is injecting RMB 60.8 billion ($9.67 billion) into Anbang Insurance Group after the embattled insurer was taken over by the insurance regulator in February and its chairman put on trial on fraud charges last week.
The newly merged… Read More>>