Free Trial

Chinese real estate companies, under....>

CHINA PRESS
CHINA PRESS: Chinese real estate companies, under pressure from strict
regulation, are intensively selling off assets to get recoup capital and strip
away poorly performing holdings, the Shanghai Securities News reported
Wednesday. Property market controls are deepening, causing transaction volume to
drop, and fund raising for real estate companies has been tightly restricted, so
they are scrambling to cut debt. In November, 11 real estate companies,
including 9 that are state-owned, sold a total of CNY56 billion in assets. The
assets were mainly out of line with the companies' strategies or were in remote
or lower-tier cities. (Shanghai Securities News)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.