2016 was supposed to be the year that Hong Kong housing prices began to tumble, but the only thing falling seems to be new sales records for expensive flats, as an independent survey shows the city’s homes to be the… Read More>>
No Capital Controls Here! China’s CIC Set to Boost US Investments in 2017
Despite reports of capital controls and a slackening in outbound investment, the head of China’s largest sovereign wealth fund expects the guardian of China’s foreign reserves to invest more in the US in 2017 than it did in 2016.
China… Read More>>
Dalian Wanda Revenues Drop 14% Despite Global Expansion Spree
Dalian Wanda Group chairman Wang Jianlin has used his status as China’s richest man to offer speeches and books on the way he built a local real estate company in northern China into one of the world’s largest property developers.
Blackstone, Warburg Pincus Said Bidding Against CIC for GLP
GLP hired JP Morgan just over a month ago to conduct a strategic review of its $8.6 billion business, and the investment bank appears to be earning its fees as two of the world’s largest private equity firms are now… Read More>>
Greentown China Announces $2.9B Global Investment Plan
After teetering on the edge of bankruptcy in 2014, real estate developer Greentown China has bounced back. Just two years after nearly selling itself to pay off creditors, the once insolvent home builder this week announced a RMB 20 billion… Read More>>
Gaw’s Pioneer Global Sells Hong Kong Building for $129 Mil
The Gaw family’s Pioneer Global Group has sold a commercial building near Hong Kong’s Central district for HK$1 billion ($128.96 million), according to a recent announcement to the Hong Kong stock exchange signed by Pioneer’s managing director, Kenneth Gaw.
The… Read More>>
Will Trump’s Son-in-Law Close Manhattan Deal with Anbang Before Inauguration?
Donald Trump is threatening China with a trade war, but could he be persuaded to hold fire if one of China’s best-connected investors finances his son-in-law’s multi-billion dollar Manhattan real estate project?
Jared Kushner, the head of Manhattan developer Kushner… Read More>>
Country Garden CFO Resigns Amidst Board Upheaval
After less than three years spent bailing out the balance sheet of China’s third-largest property developer by sales, Country Garden chief financial officer Wu Jianbin has left the company citing personal reasons.
“Mr Wu Jianbin has tendered resignation from his… Read More>>
PAG Raises $1.2B For New Asia Opportunity Fund
Hong Kong-based alternative investment manager PAG has reportedly raised $1.2 billion in fresh capital for its latest Asia Pacific real estate opportunity fund, according to market sources who spoke with Mingtiandi.
The new funding is understood to have been raised… Read More>>
E-Shang Redwood Closes $300M Investment in Run Up to IPO
e-Shang Redwood (ESR) has closed on a $300 million round of investment led by a consortium of mainland investors as the Asian logistics developer prepares for a potential 2017 initial public offering.
The company, which was formed last January by… Read More>>