Property Archives

BYD Obtains License for Property Insurance

On May 9, the China Banking and Insurance Regulatory Commission issued a reply regarding the change of shareholders of Yi'an Property Insurance Co., Ltd., approving BYD Auto Industry Co., Ltd. to acquire 1 billion shares of Yi'an Property Insurance, with a shareholding ratio of 100%.

Two Subsidiaries under JD.com to Debut in Hong Kong

Chinese e-commerce firm JD.com announced on March 30 that it is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange. JD.com would hold more than 50% of Jingdong Property Inc and Jingdong Industrials Inc after the completion of the spinoffs.

Chinese Property Tycoon Arrested in London on US Bribery Charges

Zhang Li, the co-founder and CEO of Guangzhou-based R&F Properties, has been formally accused of bribery by United States authorities. The Hong Kong-listed company stated that it planned to fight what it called "false allegations."

Founder Pan Shiyi Resigns as Chairman of Soho China’s Board of Directors

On September 7, Soho China, a commercial real estate developer listed on the Hong Kong Stock Exchange, announced that Pan Shiyi has resigned as Chairman of the Board while Zhang Xin resigned as CEO of the company.

Vanke’s Property Management Unit Onewo Cleared for Hong Kong IPO

Onewo, a property management service provider, on September 1 passed a review by the Hong Kong Stock Exchange (HKEx) for a public listing. The firm will become the sixth property stock listed in Hong Kong this year.

SOHO China CFO Investigated for Alleged Insider Trading

Ni Kuiyang, Chief Financial Officer of Chinese property developer SOHO China, was probed by police for investigation on suspicion of insider trading.

Property Platform KE Holdings to Complete Dual Primary Listing in Hong Kong

KE Holdings, a Chinese real estate trading platform, announced on Wednesday that it plans to be listed on the Main Board of the Hong Kong Stock Exchange (HKEx) by way of introduction, with Goldman Sachs and CICC as co-sponsors.

Major Chinese Property Management Platform Onewo Vies for Hong Kong IPO

The property management services firm owned by Vanke called Onewo Space-Tech Service Co., Ltd. (Onewo) has formally submitted an application for a public listing.

China NFT Weekly: The Hype Around Virtual Real Estate

This week: Hong Kong property tycoon invests in Animoca Brands, Crypto exchange BitMart lost $150 million to hackers, Meta opens up access to its VR social platform Horizon Worlds, and more.

Shanghai Commercial Property Won by Xiaomi Is for New Local Headquarter

On October 23, an individual close to Xiaomi's deal for commercial land in Shanghai said that the property is not intended for the firm's carmaking business, but for the new Shanghai headquarter, planned as early as 2018.

Baoneng’s Interest-Bearing Liabilities Near 200 Billion Yuan, Eyes to Sell 100 Billion Yuan of Assets to Ease Financial Pressure

Jonjee Hi-Tech owned by Baoneng Investment Group issued a reply to announcement on receiving a Supervision Letter from the Shanghai Stock Exchange, disclosing the amount of debt and the assets of its holders.

HKEX IPO Prospectus for Real Estate Trading Platform Anjuke is “Invalid”

This Friday, HKEX information showed that the IPO prospectus submitted by Anjuke had become invalid. At present, the relevant application materials are no longer supported for reading or downloading.

Chinese Rental Property Markets Rebound From Pandemic, Driving Prices up

Rental markets in key cities across China have basically recovered throughout the month of August, including an increase in the overall transaction volume for Beijing, a report showed.

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