Clare Jim
Stories by Clare Jim
Small investors, who bid with borrowed money and life savings, stunned by Ant IPO halt
Mom-and-pop investors had put in $3 trillion of bids.
Costly loans from China’s shadow banking sector stymie Evergrande’s deleverage drive
The developer owed $125 billion in debt as of June-end.
Li Ka-shing’s CK Asset sells Chengdu development project for $1b
Li Ka-shing has been criticized in the past for "exiting China" after pocketing lucrative profits.
Realty firm China Evergrande plans to sell bulk of commercial properties
The move comes in as it adopts measures to lower its debt ratio.
Beijing’s plan to set up REIT market in China draws sceptics
Lack of sufficient returns, stakeholder reluctance as well as legal and tax issues are seen as big hurdles.
Blackstone in talks to take developer SOHO China private in $4b deal
The move demonstrates Blackstone’s confidence in the world’s second-largest economy in the face of a softening property market and economic slowdo
Evergrande’s $2.7b dividend causes China listing delay, potential cash crunch
With a stake of around 77%, Hui Ka Yan, chairman of China's second largest property developer by sales, will alone pocket $2 billion.
Chinese developers tap PE funds as regulators tighten bond financing
The move comes as Beijing is slowing approvals for onshore, offshore bond issuances to curb aggressive bidding for land.
Ping An unit OneConnect said to prefer New York over Hong Kong for IPO
The insurer is now seeking to list OneConnect in New York as early as in September.
Ping An fintech unit OneConnect picks banks for up to $1b HK IPO
OneConnect would join another unit of Ping An - Ping An Good Doctor - in listing in Hong Kong.
