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Chinese Property News

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Homes and hazards

Property firms hang on grimly as cities start rescue efforts
Sep 16, 2022 (WiC 600)

Back in August 2019 WiC reported predictions from Huang Qifan, a former mayor of Chongqing, that tens of thousands of property firms could be headed for bankruptcy. His forecast followed warnings from officials that “houses are for living in, ...

A clarification: Cao video was doctored
Sep 2, 2022 (WiC 598)

Last week, we mentioned that business tycoon Cao Dewang, the founder of Fuyao Glass, appeared in a livestream during which he warned young people against buying homes. We wrote that the livestream was cut short, likely due to the growing sense of ...

A building crisis

The ‘Stop Mortgage Payment’ campaign spreads nationwide from Henan
Jul 22, 2022 (WiC 594)

Many consumers in China shop on Taobao. Part of the reason is that they know they can request refunds if the goods turn out to be defective. Trust is at stake. Sellers on the platform risk their reputations being trashed by unhappy buyers on ...

An industry on the brink

Country Garden downgrade and Yulin in the headlines over real estate news
Jun 30, 2022 (WiC 591)

In the past, property developers in China have tried to jumpstart sales by offering everything from free home appliances to giveaway sedans. But the housing market in parts of the country has slowed to such an extent that the need to make sales ...

A model restructuring?

Lessons from the bailout of a troubled real estate baron in Henan province
Jun 10, 2022 (WiC 588)

You could infer pretty much everything about the dramatic changes that Chinese football and the beleaguered property sector have undergone recently from the Chinese Super League’s (CSL) opener last week, with Henan Songshan Longmen drawing 2-2 ...

Warehousing assets

Hong Kong’s biggest REIT branches out with Chinese logistics play
May 27, 2022 (WiC 586)

The best retail real estate investment trusts (REITs) are typically underpinned by the busiest shopping malls or outlet centres in prime locations. Asia’s biggest REIT in market capitalisation terms, Hong Kong’s Link, is unusual in this ...

Fucheng’s financial row puts cattle king back in the news
May 27, 2022 (WiC 586)

Although Li Fucheng isn’t as well known as China’s tech titans or biggest property bosses, the titles of ‘Yanjiao’s Li Ka-shing’ or ‘China’s Cattle King’ are true recognition of a man who has worked in the business world for many ...

Sunac rocks market, then government intervenes
May 20, 2022 (WiC 585)

Times are tough in China’s property sector. But might they be offering a major opportunity to the bravest of bond investors? Many of the bonds issued by debt-laden property firms, especially in the offshore market, have dropped into the junk ...

A flat reversal

More Chinese cities lift property market curbs to boost local economies
Apr 29, 2022 (WiC 582)

For anyone who has lived through the last few property market slumps in China, it is hard not to feel a sense of déjà vu. Since the beginning of the year, the housing market has been in a funk. The top 100 developers experienced a 53% ...

Evergrande funds seized

China’s biggest property firm fails to publish its annual report on time
Mar 25, 2022 (WiC 578)

In October last year China Evergrande was close to securing a lifeline in the wake of a worsening liquidity crunch. The Guangzhou-based developer agreed to sell a 50.1% stake in Evergrande Property Services – a major asset that seemed to ...

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