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China Real Estate: Hong Kong's Hang Seng Mainland Properties Index jumped 14%, while the CSI 300 Real Estate benchmark gained 8% with the latest rally putting the country's real estate sector indexes on track for their first monthly gain after four months of hefty losses.
There was more bad news for China's real estate sector on Monday as reports of more financing troubles and a credit rating cut to the services arm of China's largest commercial property firm, Dalian...
Dalian Wanda Group, China's largest commercial property developer, has applied for a fourth time to list its management unit on the Hong Kong stock exchange. Zhuhai Wanda Commercial Management Group's latest application for an initial public offering (IPO) came on Wednesday night. Parent company Dalian Wanda owns 69.66 per cent of Zhuhai Wanda. The management unit's previous listing attempt - made in October 2022 - lapsed in April. Dalian Wanda, founded by Chinese tycoon Wang Jianlin, has submit
Bonds issued earlier this year by Wanda Properties, which operates shopping malls across China, have lost around half their value.
HONG KONG (Reuters) - China's securities watchdog has asked property management firm Zhuhai Wanda Commercial Management Group for more details on its ...