China took a major step towards opening up its healthcare sector to foreign investment this week, when the Ministry of Commerce and the National Health and Family Planning Commission jointly announced that foreign companies will be allowed to wholly own… Read More>>
Evergrande Real Estate Group (HKG:3333) announced this week that it had set a new record for sales revenue in June, reaching RMB 13.1 billion. The strong sales by the top five Chinese developer appears to demonstrate the growing split between… Read More>>
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
A recent US$877 million share buy-back by real estate developer Guangzhou Evergrande has market observers puzzled regarding the Hong Kong-listed firm’s financial strategy.
The shares were purchased by the developer over a two week period this month, and amount to 6.33 percent of the company’s total stock. This move follows soon after an unexpected RMB 2.3 billion (US$378 million) special dividend that the company paid to shareholders in November.
A hospital affiliated with Harvard University this week restated its interest in developing hospitals in China together with real estate developer Guangzhou Evergrande. The potential cooperative healthcare project was first reported in December last year, shortly after the property firm… Read More>>
Not content with being China’s second largest real estate developer or winning the AFC Champions League soccer crown, Guanzhou-based Evergrande Group announced orders worth RMB 5.7 billion ($940 million) for its new bottled water brand, Evergrande Spring over the weekend.
At a ceremony in the city of Qingyuan in Guangdong, the company’s chairman, Xu Jiayin announced plans to…
China’s Evergrande Real Estate became the third of the country’s major developers to declare 2013 sales in excess of RMB 100 billion this week, when the Hong Kong-listed company announced revenues of RMB 100.4 billion.
The company, which last month announced plans for setting up joint venture hospitals in China with America’s Harvard University, is
Not content with buying buildings in New York or purchasing Picassos, China’s real estate moguls are now investing in Ivy League universities.
Harvard University announced on Monday that it is receiving a gift of “university-wide, interdisciplinary support” from Chinese property… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
Leading mainland developer Evergrande Real Estate Group… Read More>>