Chinese property developer Shimao Group said on Friday it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan ($707.83 million), as it seeks to reduce its debt amid ... ( read original story ...)
STAR Market Daily: STAR 50 falls 0.91%, RMB 37.1 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,229.22 on Friday. The STAR Market recorded a total trading volume of 0.9 bln shares with a turnover value of RMB 37.1 bln, down 11.7% from yesterday. ( read original story ...)
Oaktree takes control of sprawling Evergrande building project near Shanghai
Oaktree Capital has seized one of Evergrande’s most-prized assets in mainland China, a rare intrusion by a global investor in a domestic crisis caused by the biggest ever collapse of a property ... ( read original story ...)
China’s Property Crisis Has Investors in Green Bonds Seeing Red
The selloff in China’s property-bond market and a string of defaults have hammered prices for many dollar-denominated green bonds issued by developers. ( read original story ...)
Shanghai Food & Drink Gossip: January 2022
With the Western festive season rolling into the Eastern holiday period (plus a seemingly never-ending COVID rollercoaster), restaurant openings are kicking it up into full throttle, leaning in to the ... ( read original story ...)
Foreign diplomats in Shanghai send best wishes for the upcoming Year of the Tiger
Before the Chinese Year of the Tiger begins at the start of February, the Global Times (GT) Shanghai newsroom interviewed 14 foreign diplomats in Shanghai to ask them about their knowledge of the Year ... ( read original story ...)
Shanghai exchange approves Sinopec overseas storage for LSFO contract
China's Shanghai International Energy Exchange (INE) said it had approved storage capacity of a Sinopec Corp 0386.HK unit as an overseas storage facility for its low-sulphur fuel oil (LSFO) contract, ... ( read original story ...)