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Chinese Property News

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Will Greenland’s project face the wrecking ball?
Feb 19, 2021 (WiC 529)

In 2016, Fan Bingbing appeared in a TV commercial for a luxury residential project in Shandong’s coastal city Qingdao. Reportedly the starlet was one of the buyers of the villas there. “It’s so close to the ocean. You can dip your toes in ...

Blood in the water

The ‘three red lines’ bring more pain for high-debt property developers
Feb 11, 2021 (WiC 528)

A sea change in how China’s real estate giants get access to capital is reverberating across the property sector. Bond investors are watching closely for signs of stress from the heaviest borrowers. Last October we reported how shareholders ...

Risky real estate

Evergrande ditches backdoor listing plan
Nov 13, 2020 (WiC 518)

At a typical ‘Big Dee Club’ night – where tycoons gather to play card games – the money wagered can be huge (see WiC364). One member of the group, Henan-born tycoon Xu Jiayin, won’t have been put off by the bigger betting. Xu is a bold ...

Evergrande’s cash scramble spooks investors
Oct 2, 2020 (WiC 513)

Internet conglomerate LeEco and solar energy firm Hanergy are two of the more high-profile companies to run into financial distress in recent years. Before their cash crisis became crippling, both spent heavily on electric vehicle (EV) ventures. ...

Red alert for real estate

How will China’s new credit tightening measures impact Evergrande?
Sep 11, 2020 (WiC 510)

In January 2010 China Evergrande surprised investors with a stock exchange disclosure that its chairman Xu Jiayin needed to borrow $40 million from state bank ICBC. Xu also had to pledge a 1.8% stake in his property firm as collateral for the ...

The hottest of properties

Beike, a two year-old property platform, is now worth more than Vanke
Aug 28, 2020 (WiC 508)

Chinese real estate agency KE Holdings braved stormy seas to go public in New York. Worsening Sino-US relations have seen American regulators demand more oversight over Chinese firms listed in the US (those that don’t comply might get ...

The dash for cash

Evergrande reacts quickly to Moody’s downgrade
Jul 3, 2020 (WiC 502)

Alarge house in central Beijing’s Chaoyang district went up for sale in late May on Alibaba’s auction platform Paimai. The house, which measured 305 square metres (or around 3,300 square feet), had a bank valuation of Rmb14.2 million ($2.2 ...

A matter of trust

China looks set to launch first Reits
Jun 26, 2020 (WiC 501)

When Continental Mortgage Investors became the world’s first real estate investment trust (Reit) to debut on the stock market in 1965, the plan was that the new asset class would capture a wider group of property investors, bringing a new ...

Driven from home

Henan city turfs out its property brokers
Jun 5, 2020 (WiC 498)

Property agents have a long history in China. Back in the Zhou Dynasty almost 3,000 years ago brokers called zhi ren were responsible for executing the deeds in home sales. By the time of the Song Dynasty (960–1279), the government ...

Bringing home the bacon

Why real estate giant Vanke is having a go at pig farming
May 22, 2020 (WiC 496)

Pork is central to the Chinese diet. But despite consuming half the world’s pig meat, Chinese domestic supply is haphazard, much of it coming from small-scale farmers with backyard hoggeries. This kind of fragmented market has contributed to ...

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