(Bloomberg) — On the surface, the recent land auction by the Chinese city of Rizhao appeared routine. There were four bids, pushing the price up 11% to $170 million. A closer look reveals something curious: The offers were reportedly made by a finance entity owned by the Rizhao government, meaning the city effectively sold land […]
Read More(Bloomberg) — For any government, overhauling a nationwide residential real estate market would be risky under the best of circumstances. Chinese President Xi Jinping is attempting it at a time when the economy is slowing, omicron is threatening his zero-Covid policy and relations with the outside world are increasingly fraught. As that perilous combination takes […]
Read More(Bloomberg) — Chinese tech shares were headed for record lows in Hong Kong, as Didi Global Inc.’s announcement to start U.S. delisting and rising scrutiny on mainland firms traded there dealt a further blow to already soured sentiment. The Hang Seng Tech Index, which tracks mostly big Chinese technology giants traded in Hong Kong, dropped […]
Read More(Bloomberg) — A consortium led by Alibaba Group Holding Ltd., has emerged as the frontrunner to take over Tsinghua Unigroup Co., a deal that could fetch more than 50 billion yuan ($7.8 billion) to help keep China’s indebted chip champion afloat. The Chinese central government is leaning towards the Alibaba-led offer given the e-commerce giant’s […]
Read MoreHome to the biggest population in the world and the second-largest economy, China is a business powerhouse. Its booming urban middle class has spurred amazing entrepreneurial activity that often produces lucrative investment opportunities. If you’re looking for a way to invest in Chinese stocks, there is no shortage of options. Stocks from all over the […]
Read More(Bloomberg) — Who will survive in China’s property sector is becoming a key question for investors as the country’s credit market undergoes its biggest shakeout in years. A surge in Chinese junk dollar bond yields in October, briefly reaching 20%, has made it all but impossible for stressed developers to refinance their maturing debt. Such […]
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