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Xu Jiayin

Evergrande Says Hainan Demolition Order Applies ‘Only to 39 Buildings’

2022/01/04 by Christopher Caillavet Leave a Comment

China Evergrande Group on Tuesday confirmed earlier accounts that Hainan officials had ordered the debt-saddled developer to demolish several dozen buildings at its Ocean Flower Island resort megaproject in the province.

In a filing with the Hong Kong stock exchange,… Read More>>

gu gang

Hainan Officials Take the Controls as HNA Sends Distress Call

2020/03/02 by Mingtiandi Team Leave a Comment

The Hainan government has moved to take direct control of HNA Group with the appointment of two state officials to leadership roles on the company’s board, according to announcements over the weekend by the financially troubled aviation and investment conglomerate.

… Read More>>

Chen Feng HNA

Hainan Government Said Taking Over HNA as Virus Dents Cashflow

2020/02/23 by James Hatton Leave a Comment

The Hainan government is said to be planning to take over HNA Group and sell off its airline assets, as the indebted conglomerate’s ongoing struggles to meet its financial obligations reach a crisis point.

The provincial government has been forced… Read More>>

Chen Feng HNA

HNA Seeks to Raise RMB 2.7B From Sales of Shanghai, Sanya Hotels

2019/07/18 by Jan Kot Leave a Comment

HNA Group is putting up for sale a pair of hotels, one each in Shanghai and in Hainan province, as the financially troubled mainland fights to stay solvent.

The two hospitality properties, both of which are fully completed and operational,… Read More>>

Zhang Jianlong

Govt Cracks Down on Illegal Villas and More China Real Estate Policy News

2019/04/30 by Dorothy Ma Leave a Comment

The latest regulatory wave in China involves the central government’s hard line on illegal villa developments, as Mingtiandi’s round-up of China regulatory news finds Evergrande, Country Garden and other developers paying the price for building illicit luxury projects in Hainan,… Read More>>

He Lifeng NDRC

NDRC Rules Out Hukou Restrictions in Small Cities and More China Policy News

2019/04/09 by Dorothy Ma Leave a Comment

Editor’s note: This article provides a round up of recent regulatory moves in mainland China, along with insights into the impact that these new measures may be having on the market. This new element of Mingtiandi now appears on the… Read More>>

Zhang Yuliang Greenland

Developers Defy Commercial Home Sales Ban and More China Policy News

2019/04/04 by Dorothy Ma Leave a Comment

Editor’s note: This article provides a round up of recent regulatory moves in mainland China, along with insights into the impact that these new measures may be having on the market. Mingtiandi introduces this new element of the site today,… Read More>>

China’s State Council Loves Hello Kitty and Her $1.6B Pink Hainan Theme Park

2018/12/17 by Vincent Morkri 1 Comment

Hello Kitty has officially climbed on board China’s official “reform and opening up” bandwagon, adding an animated Japanese element to the government’s much ballyhooed agenda for advancing socialism with Chinese characteristics.

China’s State Council even held a press conference to… Read More>>

Chen Feng HNA

HNA Confirms Fire Sale List of $1.1B More in Mainland China Assets

2018/12/11 by Emma Zhou Leave a Comment

Financially troubled mainland conglomerate HNA Group has now disclosed that it is seeking to unload a set of domestic assets worth RMB 7.6 billion ($1.1 billion), according to local media reports citing public statements by officials representing the parent company of… Read More>>

Sun Hongbin Sunac

HNA Said to Sell Hainan Site to Sunac for $125M

2018/08/17 by Michael Cole Leave a Comment

HNA’s sales of European and US assets have been grabbing headlines internationally, but the indebted Chinese conglomerate is also selling assets closer to home, including this week selling the site of its former corporate headquarters, according to accounts in the… Read More>>

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