China Economic ReviewAustralia-based Publishing & Broadcasting, owned by casino and TV magnate Kerry Packer, announced it had teamed up with Macau casino operator Stanley Ho to jointly develop business in mainland China and elsewhere in Asia. As part of the deal, Publishing & Broadcasting is to pay US$163 million for a 28% stake in Ho's latest Macao […]
Authorities in Shanghai are moving to widen control of land management and build more mid-priced accommodation to cool property prices, Shanghai party secretary Chen Liangyu said. As part of that effort, 3m sq meters of land will be set aside each year to build apartments with an average price of RMB3,500 per sq metre, which […]
EU Chamber has ideas on the way things are done.
China's first property rights law, guaranteeing the rights of individuals, companies and the state, to own and use property, is expected to come into force next year, reports said. The draft legislation is expected to be voted on at the annual session of the National People's Congress (NPC), China's top legislative body, in March, 2005. […]
In a public consultation document published on its web site, the China Banking Regulatory Commission (CBRC) urged curbs be placed on real estate lending and investment by trust companies to reduce the risk of a property bubble in the face of the fastest real estate price increases in eight years. According to the CBRC document, […]