Last Tuesday, the China Central Financial Work Conference mentioned supportive policies for real estate financing. The conference emphasized the promotion of a virtuous cycle of finance and real estate, the improvement of regulatory systems for real estate companies, and capital management, and the enh...
Shares of Country Garden Services Holdings rose after the chairwoman of the property management arm of Chinese real estate developer Country Garden donated about HKD6.4 billion worth of shares to charity. Yang Huiyan donated 675 million shares of Country Garden Services, equal to 20 percent of the...
HONG KONG (AP) — Embattled Chinese property developer Country Garden expects to reach a deal with its creditors in February to restructure billions of dollars in debt, the company’s lawyer told a Hong Kong court Monday. One of the ...
a year-on-year decrease of 46.2% and a month-on-month decrease of 19.5%. The total bond financing for real estate companies in the first ten months of 2023 was 587.51 billion yuan, a year-on-year decrease
Struggling Real Estate Companies Pursue Debt Restructuring As favorable policies continue to be implemented, several real estate companies, including Sunac, Evergrande, and Country Garden, have received approval for their domestic bond extension plans, involving amounts exceeding ten billion yuan. Recently...
An unfinished Country Garden project in Ningbo, China. The company was once China’s biggest private developer by sales© Qilai Shen/Bloomberg Country Garden, one of the most prominent victims of China’s real estate cash crunch, is selling a Rmb3bn ($420mn) stake in a mall operator to...
Global investment firm TPG Group closed on its $2.7 billion acquisition of Angelo Gordon, making way for the company to acquire real estate assets “not typically available for sale” in “one of the most interesting investing environments seen in at least two decades”, according to TPG’s to...
"Real estate has been moving China's economy in the past decade. The demand for property is still very strong. We are expecting shortages in major cities. And the supplies are comparatively not enough." "These are the fundamentals. The industry is still going to continue ...
Japanese brand Snow Peak for instance extends camping to lifestyle, selling not only lifestyle-related products but also managing several campsites of its own. The company also provides luxurious camping services, lifestyle resorts, business consulting and even engages in real estate development. ...
On November 6, 2003, the company was successfully listed on the Hong Kong Stock Exchange, becoming the "first share" of a large state-owned financial enterprise listed overseas in mainland China. With its comprehensive strength, the company has successively become an insurance partner for the ...