The default and distress of Kaisa Group Holdings, a drama that has transfixed the region’s financial markets since the Chinese real estate developer defaulted on a loan to HSBC nearly one month ago, might be headed towards a resolution as… Read More>>
Billionaire Head of Developer Hydoo International Detained in Probe
Wong Choihing built Hydoo International Holding into one of China’s fastest growing developers of logistics real estate through entrepreneurial zeal and close ties to the party. Now the billionaire businessman’s ability to use official relationships to build his company appear… Read More>>
Audit Examines Land Sales as Govt Tracks Down Real Estate Wealth
As China pushes forward with president Xi Jinping’s anti-corruption drive, the government seems to be paying increasing attention to the country’s real estate market.
In the last four days, three significant steps have been taken to clamp down on corruption… Read More>>
Guangzhou Party Leader’s Fall Tied to Corrupt Real Estate Deals
Late last month Guangzhou Party Secretary Wan Qingliang became one of the highest level Chinese officials to lose his job amidst the country’s current anti-corruption campaign, and China media sources are now alleging that a history of dirty real estate… Read More>>