China Evergrande’s recent episode involving a disputed plea for government assistance may have spooked the company’s creditors, as reports circulate this week that some of the developer’s biggest lenders are cutting back on loans and other credit to the chronically… Read More>>
China Minsheng Investment Names CP Exec as Co-Chair After Bond Default
China Minsheng Investment Group (CMIG), the country’s largest privately owned investment group, on Monday appointed Charoen Pokphand Group vice chairman Yang Xiaoping as its new co-chairman, after corruption investigations into its previous directors left a leadership gap that may have… Read More>>
Why the New York Times is Wrong About Evergrande’s $16B “Lifeline”
International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, a Guangzhou-based developer noted for its aggressively leveraged balance sheet, had just received 100 billion yuan ($16 billion) in new credit to prop… Read More>>
Vanke Invests $442 Mil in Bank IPO to Move into Finance
China’s real estate companies have captured major headlines for expanding geographically into global real estate markets, and now the country’s biggest developer, China Vanke, is expanding into the finance sector with a $442 million investment into a bank IPO.
Last… Read More>>
McKinsey Reveals the Real Reasons Chinese Buy Overseas Property
McKinsey and Company, along with China Minsheng Bank recently released a study of the investment preferences of Chinese high net worth individuals, and results contradict much of the conventional wisdom regarding China’s wealthy.
While an industry has sprung up around… Read More>>
