Insurance capital is stepping in as foreign investors pull back.
A $2.4B deal for three Ikea-linked malls in China highlights how insurers are becoming key buyers of commercial property.
https://t.co/uxJOZ9puL4
Creating “offshore public housing” for Hong Kong on the Chinese mainland could tackle two problems at once: easing the city’s housing shortage while helping absorb excess homes on the mainland.
Will Beijing consider this?
https://t.co/1TSyblL6Zp
Shao Gang, chairman of Shenzhen state-backed investment firm HTI, has died. His death has drawn attention given his long tenure at Shenzhen Capital Group, where he participated in investments including Tencent Music. https://t.co/fWUwXYiarA
A Chinese report says the U.S. netted nearly $20B from crypto cases involving telecom fraud suspect Chen Zhi and Binance founder Changpeng Zhao.
Why it matters: Beijing is escalating its digital sovereignty narrative. https://t.co/mUeiNB8vA0
A massive fire ripped through a Hong Kong apartment complex, killing 36 and leaving nearly 280 missing. Bamboo scaffolding is again under scrutiny after the city’s worst blaze in years https://t.co/d2gBV9kPCK
In Depth: What happens when elite connections and misplaced trust are the foundation of an investment? For the alumni network of one of China’s most prestigious universities, their U.S. real estate dream ended in lawsuits and millions lost. https://t.co/790EbCHjkD
China’s macro leverage ratio rose to 302.3% in the third quarter, a new report said, underscoring a core dilemma for China’s economy: Persistent low inflation is suppressing nominal GDP growth, making the nation’s massive debt pile harder to manage. https://t.co/h46VfQq66z
China will expand its environmental protection tax to cover all volatile organic compounds through pilot programs, marking the first broadening of the levy’s scope since it took effect in 2018. https://t.co/p2vNdjfc56
In Depth: Beijing is amping up support to assist in clearing local public-sector arrears owed to businesses, but how keen localities will be to take on new interest-bearing debts to settle interest-free ones has become a cause for concern.
https://t.co/Qy4JuwVlQX
Analysis: China is trying to stabilize industrial prices through tighter control of excess capacity. Producer deflation is easing, but without stronger demand, the recovery risks stalling. https://t.co/dlAtEfWKFh
China’s exports growth unexpectedly slowed in July, signaling a cooling of global demand that has been propping up growth in the world’s second-biggest economy. https://t.co/fjCF0Ui8Iz
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https://t.co/5ypqx1WXKq
Very interesting piece of investigative journalism by Caixin on Huarong’s disastrous involvement in a South Korean island popular among Chinese tourists.
https://t.co/8KvxJIPOQd
Several districts in Beijing, including Chaoyang, home to a large swath of the city’s expatriate community, have reported multiple imported and locally transmitted Covid-19 cases https://t.co/1ZDhGSK8Bw
In Depth: China Minsheng Investment Group has been trying for years to get back the billions of yuan it lent to AMTD Group, which has grown rapidly through leveraged business under CEO Calvin Choi. https://t.co/XGWKFKYRuY