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China home prices rise faster in May as smaller cities join rally
June 19, 2016 by creative · Leave a Comment
Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The recovery in China's property market since late last year has been a rare bright spot in the world's second-largest…
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China home prices rise faster in May as smaller cities join rally
vanke-at-its
China developer Vanke buys Shenzhen Metro unit for $6.9 billion
June 19, 2016 by creative · Leave a Comment
China Vanke, the mainland's biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shareholder. The final purchase price came at the lower end of the 40 billion yuan to 60 billion yuan guidance under a preliminary accord in March as Vanke's management fought to retain control of the company in a battle with its…
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China developer Vanke buys Shenzhen Metro unit for $6.9 billion