Worsening relations between China and the United States lead today’s headline roundup as geopolitics appear to be denting trans-Pacific investment fundraising with a pair of the world’s largest private equity firms scaling back their latest buyout strategies. Also in the… Read More>>
In today’s roundup of regional news headlines, insurance giant Ping An increases its investment in real estate while reducing exposure to developers, and Australia’s Star Entertainment Group markets one of its Gold Coast hotels.
Ping An Adds… Read More>>
Local governments in China have been racing to lower home purchase restrictions in an effort to revive flagging housing sales in recent weeks, but those efforts are still falling short according to the latest government data.
Also in the news… Read More>>
In today’s roundup of regional news headlines, China Evergrande’s CEO discloses how he dumped bonds issued by the group ahead of last year’s debt default, fugitive billionaire Guo Wengui’s lawsuit against Swiss banking giant UBS clears a legal hurdle, and… Read More>>
With its erstwhile owner ensconced in at Manhattan penthouse hurling insults at China’s ruling communist party, a Beijing office tower was sold for RMB 5.2 billion ($730 million) this week on a bad asset website operated by Alibaba’s Taobao.
Yu… Read More>>
A Beijing court has announced plans to auction off an office tower formerly owned by fugitive Chinese billionaire Guo Wengui on a bad asset website operated by Taobao according to a listing on the site belonging to Alibaba Group.
Pangu… Read More>>
At the top of today’s headlines, one of China’s biggest buyers of overseas assets is joining what seems like a parade of mainlanders taking a swipe at fugitive tycoon Guo Wengui in New York’s courts. Also in the news, China’s… Read More>>
Real estate tycoon Guo Wengui, who was accused in the press of using his connections with China’s security apparatus to bring down a Vice-Mayor of Beijing and have his rivals arrested, is now being sued for seemingly using his hardball… Read More>>
An ongoing scandal involving two powerful Chinese companies has already led to several detentions related to corruption charges, and this week it revealed how one of Beijing’s most prime locations was acquired for just RMB860 per square metre ($12.90 per… Read More>>