Beijing-based property developer Cinda Real Estate has announced that Ding Xiaojie has been unanimously appointed as the new chairman of its board of directors, replacing Jia Honghao. The transition to the new leadership for the Shanghai-listed builder took place on… Read More>>
Evergrande Seeking $34B Backdoor Listing and More Asia Real Estate Headlines
Wednesday is here and today’s headlines are all about the money. More details have emerged about Evergrande’s $33.9 billion backdoor listing on the Shenzhen Stock Exchange while China Cinda has become the largest shareholder in Modern Land, a mainland developer… Read More>>
China Cuts Interest Rates for 6th Time in One Year and More China Real Estate Headlines 2015-10-26
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
China Cuts Interest Rates for 6th Time in One Year
China cut interest rates and the banks’ reserve ratio on Friday… Read More>>
China Vanke Buys Historic NYC Tower for $125 Million
China Vanke has made its third real estate investment in the US, and its first acquisition of a completed project in North America, by purchasing the historic Bush Tower in Manhattan for $125 million.
According to a story in New… Read More>>
China’s Bad Bank Leads $304M Chicago Office Tower Investment
A new player may be emerging in China’s overseas investment surge as an investment vehicle majority invested by China Cinda, the nation’s “bad bank,” together with a US partner spent $304 million to purchase a 65-storey office building in Chicago.
The deal… Read More>>