China's central bank on Wednesday stepped up policy support for its embattled economy, cutting a key rate to a record-low and reducing the amount banks must hold as reserves by around $28 billion as ... ( read original story ...)
IHG to expand Regent portfolio, with Shanghai hotel being the first
InterContinental Hotels Group (IHG) will open the Regent Shanghai Pudong on May 16, marking the property as the first new addition to the Regent portfolio since its acquisition of the brand in March ... ( read original story ...)
GuocoLand Selling Shanghai Hotel to Dahua Group for RMB 1.44B
One of Southeast Asia’s largest developers has defied the COVID-19 crisis to sell a hotel property in Shanghai’s Putuo district at a mark-up of nearly 65 percent over its net book value, according to ... ( read original story ...)
Shanghai implements policies to boost business, foreign investment
Meanwhile, Shanghai will perfect the mechanism for foreign investors to file complaints and protect their legal rights. Heavier penalties will be imposed on those who have significantly infringed on ... ( read original story ...)
First Regent Hotel to Open in Shanghai
IHG today announces the signing of a management agreement with Shanghai 21st Century Hotel Co., Ltd. for its iconic property located in Lujiazui, Shanghai, China. From 16 May 2020, the hotel will be ... ( read original story ...)
GuocoLand unit sells Shanghai-based hotel for $290.7m
The property developer is expected to record a net gain of $90.6m. GuocoLand's China unit will sell Guoman Hotel in Shanghai and 256 of its underground car park spaces for $290.7m to Shanghai Zhengjiu ... ( read original story ...)
China Re Completes RMB 3.1B Acquisition of Shanghai Office Tower
China Reinsurance has completed the acquisition of a newly completed commercial property in Shanghai’s Lujiazui area for RMB 3.09 billion ($440 million), according to an announcement yesterday by ... ( read original story ...)