Regulations favour big players, Fitch says

The recent bankruptcy filing by Hangzhou Glory Real Estate, a small homebuilder focused on the high-end residential market in Hangzhou, illustrates how restrictive regulations continue to polarise the mainland property market between large and small players, according to Fitch Ratings. Lower property prices and sales volumes are hitting profit margins and cutting cash flows, which hurts smaller operators more than big ones. Peggy Sito

Battle for HK retail space shows no sign of ending