China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations of rules regarding disclosure of financial information, with the embattled property developer later that day saying it will delay a scheduled… Read More>>
China Unveils Pilot Scheme for Real Estate Private Equity Funds
Chinese regulators said they will allow the creation of real estate private equity funds under a pilot programme to boost developer financing, as the government continues to roll out measures to stabilize the country’s flagging property sector.
The new scheme,… Read More>>
Evergrande Surrenders 11 Wuhan Sites and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande hands over a set of unused plots to officials in Wuhan, the mainland securities watchdog reveals plans to improve the balance sheets of quality builders, and Hong Kong property agencies prepare… Read More>>
Fosun Said Bidding to Take Over AC Milan and More Asia Real Estate Headlines
Guo Guangchang’s Fosun, one of China’s biggest property investors, is expanding its portfolio into sports teams, as the Shanghai-based firm is said to be seeking to acquire AC Milan, after buying the UK’s Wolverhampton football team last month. Also in… Read More>>
China Life Endorses Wanda’s $4.4B HK Buyout Plan and More Asia Real Estate Headlines
Wang Jianlin took another step toward his dream of privatising his Wanda commercial property business this week when the $4.4 billion plan received backing from one of his biggest shareholders, while the wannabe entertainment impresario made what is said to… Read More>>
Anbang Sales Rise 5x in June Despite China Insurance Crackdown
Beijing-based Anbang Insurance, which failed in a $14 billion bid to buy Starwood Hotels and Resorts this year, continued to draw attention in China’s financial world this month after new figures showed that the company controlled by entrepreneur Wu Xiaohui… Read More>>
CSRC Warns Against Using Insurers as ATMs in Vanke Battle
China’s securities regulator has sent formal notices to both China Vanke and its unwanted suitor, Baoneng Group, for violations related to the ongoing takeover battle for the mainland’s biggest property developer.
Just days after Vanke chairman Wang Shi had called… Read More>>
Starbucks sales in China surge thanks to 500 new stores – and more of Today’s China Real Estate Links | July 29, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
Starbucks is selling a lot more coffee in China. According… Read More>>