Pearl Liu

Hong Kong

Pearl Liu

Reporter, Business

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.

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Latest from Pearl Liu

Shanghai changes rules to stop couples from faking divorces as they vie for less up-front money to buy residential property

The move is an attempt to crack down on married couples who fake their separation on paper – but cohabiting in practise – to qualify for allotments or mortgage entitlement to buy property.

24 Jan 2021 - 3:15PM

The move is an attempt to crack down on married couples who fake their separation on paper – but cohabiting in practise – to qualify for allotments or mortgage entitlement to buy property.

Shanghai changes rules to stop couples from faking divorces as they vie for less up-front money to buy residential property
Chinese EV giant BYD seeks US$3.9 billion from Hong Kong stock placement

The EV said in a filing to the city’s stock exchange on Thursday that it plans to place 133 million new shares at HK$225, or a 7.8 per cent discount on the closing price on Wednesday of its current stock.

21 Jan 2021 - 10:46PM

The EV said in a filing to the city’s stock exchange on Thursday that it plans to place 133 million new shares at HK$225, or a 7.8 per cent discount on the closing price on Wednesday of its current stock.

Chinese EV giant BYD seeks US$3.9 billion from Hong Kong stock placement
China’s first carmaker FAW joins the rush to ditch petrol guzzlers in a 30 billion yuan venture with Audi to produce electric cars

The plan is one of the most ambitious and significant developments in the world’s largest market for new-energy vehicles (NEVs), where 2020 sales jumped 12 per cent to 1.17 million units, defying the consumption slump and depressed sentiments during the coronavirus pandemic.

19 Jan 2021 - 7:19PM

The plan is one of the most ambitious and significant developments in the world’s largest market for new-energy vehicles (NEVs), where 2020 sales jumped 12 per cent to 1.17 million units, defying the consumption slump and depressed sentiments during the coronavirus pandemic.

China’s first carmaker FAW joins the rush to ditch petrol guzzlers in a 30 billion yuan venture with Audi to produce electric cars
China braces for another record year of bond defaults as cash-starved developers breach central bank’s red lines for borrowings

The government, presiding over the only major global economy that actually grew in 2020, is zealously keeping its iron grip on the country’s debt to avoid causing systemic risk to banks.

19 Jan 2021 - 8:19PM

The government, presiding over the only major global economy that actually grew in 2020, is zealously keeping its iron grip on the country’s debt to avoid causing systemic risk to banks.

China braces for another record year of bond defaults as cash-starved developers breach central bank’s red lines for borrowings
Li Ning pays £51 million for Clarks as Chinese companies keep up their global shopping spree for marquee brands

Li’s purchase of Clarks follows the acquisitions of dozens of global sports brands by Anta Sports, Xtep and 361 Degrees International, which make up China’s four largest sportswear producers along with Li’s eponymous brand.

15 Jan 2021 - 10:46PM

Li’s purchase of Clarks follows the acquisitions of dozens of global sports brands by Anta Sports, Xtep and 361 Degrees International, which make up China’s four largest sportswear producers along with Li’s eponymous brand.

Li Ning pays £51 million for Clarks as Chinese companies keep up their global shopping spree for marquee brands
Apple supplier Foxconn and China’s Geely start EV venture to make cars for others, as sector chases its iPhone moment

The world’s largest contract manufacturer of consumer electronics is teaming up with China’s leading carmaker to assemble made-to-order electric cars.

13 Jan 2021 - 8:30PM

The world’s largest contract manufacturer of consumer electronics is teaming up with China’s leading carmaker to assemble made-to-order electric cars.

Apple supplier Foxconn and China’s Geely start EV venture to make cars for others, as sector chases its iPhone moment
Hong Kong’s commercial landlords ‘make noise’ with pop-ups, battle to not be forgotten as long-term tenancies dwindle

Commercial landlords in Hong Kong are allotting more space and leases for pop-up events in an effort to diversify their tenant mix and to keep foot traffic going at a time of much reduced retail spending in the city.

13 Jan 2021 - 7:30AM

Commercial landlords in Hong Kong are allotting more space and leases for pop-up events in an effort to diversify their tenant mix and to keep foot traffic going at a time of much reduced retail spending in the city.

Hong Kong’s commercial landlords ‘make noise’ with pop-ups, battle to not be forgotten as long-term tenancies dwindle
Guangzhou’s housing watchdog clamps down on homeowners colluding to inflate home prices

The regulator says it will come down hard on those jacking up home prices, posting fake property information and for using sales gimmicks.

7 Jan 2021 - 5:21PM

The regulator says it will come down hard on those jacking up home prices, posting fake property information and for using sales gimmicks.

Guangzhou’s housing watchdog clamps down on homeowners colluding to inflate home prices
China slaps new curbs on developers to tame runaway home prices by hitting them where they hurt most: bank loans

Beijing’s new rules limiting property bank loans are likely to hit Chinese developers hard and weigh on the momentum of a major economic growth engine this year, say analysts.

7 Jan 2021 - 10:57PM

Beijing’s new rules limiting property bank loans are likely to hit Chinese developers hard and weigh on the momentum of a major economic growth engine this year, say analysts.

China slaps new curbs on developers to tame runaway home prices by hitting them where they hurt most: bank loans
Property platform with Groupon-like model that offers discounts to investors who club together aims to shake up the market

Auckland-based Du Val PropTech allows investors to receive sizeable discounts by grouping together to buy overseas properties.

5 Jan 2021 - 7:58PM

Auckland-based Du Val PropTech allows investors to receive sizeable discounts by grouping together to buy overseas properties.

Property platform with Groupon-like model that offers discounts to investors who club together aims to shake up the market
Chinese millennials’ craze for toys spawns multimillion-dollar industry in blind boxes, drawing calls to curb speculation

Toymakers bet on China’s 500 million young consumers to fuel the market for blind boxes which could grow to 25 billion yuan (US$3.8 billion) in 2025.

6 Jan 2021 - 5:24PM

Toymakers bet on China’s 500 million young consumers to fuel the market for blind boxes which could grow to 25 billion yuan (US$3.8 billion) in 2025.

Chinese millennials’ craze for toys spawns multimillion-dollar industry in blind boxes, drawing calls to curb speculation
Hang Lung’s HK$2.6 billion purchase of US government’s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat

The snag is akin to a water-down version of freezing US assets in Hong Kong, said Kevin Tsui, associate professor in the John E. Walker department of economics at Clemson University in South Carolina. “They can use it, but they cannot sell it,” he said.

31 Dec 2020 - 9:12AM

The snag is akin to a water-down version of freezing US assets in Hong Kong, said Kevin Tsui, associate professor in the John E. Walker department of economics at Clemson University in South Carolina. “They can use it, but they cannot sell it,” he said.

Hang Lung’s HK$2.6 billion purchase of US government’s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat
Hong Kong government to sell four plots next quarter as it looks to shore up its land sales revenue

Land sales in the current financial year are expected to fetch about HK$55 billion, far short of the government’s budget target of HK$118 billion.

30 Dec 2020 - 9:26AM

Land sales in the current financial year are expected to fetch about HK$55 billion, far short of the government’s budget target of HK$118 billion.

Hong Kong government to sell four plots next quarter as it looks to shore up its land sales revenue
Without love life and family trappings, China’s singles become consumption engine in economy

China’s population of singles is the largest in the world at 240 million, making them a rich target in the US$6 trillion domestic consumer goods market. They are the power behind the rising sales of pet food, ‘blind boxes’ and coffee-brewing lessons.

28 Dec 2020 - 8:56AM

China’s population of singles is the largest in the world at 240 million, making them a rich target in the US$6 trillion domestic consumer goods market. They are the power behind the rising sales of pet food, ‘blind boxes’ and coffee-brewing lessons.

Without love life and family trappings, China’s singles become consumption engine in economy
Danke stops property listings on its rental app in China as it beats back talk of viability less than a year after New York stock sale

The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.

25 Dec 2020 - 11:31PM

The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.

Danke stops property listings on its rental app in China as it beats back talk of viability less than a year after New York stock sale
NIO teams up with China’s State Grid to build battery charging, swapping stations across country to compete with Tesla

Durable, affordable and accessible batteries are necessary for realising the Chinese government’s ambition for one in five vehicles on the country’s roads to be driven by non-fossil fuels by 2025.

25 Dec 2020 - 11:31PM

Durable, affordable and accessible batteries are necessary for realising the Chinese government’s ambition for one in five vehicles on the country’s roads to be driven by non-fossil fuels by 2025.

NIO teams up with China’s State Grid to build battery charging, swapping stations across country to compete with Tesla
China’s small manufacturers receive a Christmas boost as Covid-19 disrupts global supply chains

Soaring overseas demand for Chinese-made household products propelled the country’s exports to a record in November, and brought a windfall to thousands of small- and medium-sized manufacturers.

25 Dec 2020 - 9:36AM

Soaring overseas demand for Chinese-made household products propelled the country’s exports to a record in November, and brought a windfall to thousands of small- and medium-sized manufacturers.

China’s small manufacturers receive a Christmas boost as Covid-19 disrupts global supply chains
Hong Kong’s embattled retail landlords bet on their mainland malls for Christmas cheer, wooing shoppers with lavish festive displays

Facing a dismal Christmas shopping period at home, some Hong Kong developers are trying to woo big spenders to their upmarket malls in mainland China with extravagant festive displays.

24 Dec 2020 - 10:00AM

Facing a dismal Christmas shopping period at home, some Hong Kong developers are trying to woo big spenders to their upmarket malls in mainland China with extravagant festive displays.

Hong Kong’s embattled retail landlords bet on their mainland malls for Christmas cheer, wooing shoppers with lavish festive displays
Chinese toymaker surpasses makers of Barbie, Transformers and Hello Kitty in value after solid Hong Kong IPO

Beijing-based Pop Mart has become more valuable than US makers of Transformers and Barbie dolls or Japanese maker of Hello Kitty, after its sizzling stock debut in Hong Kong.

11 Dec 2020 - 5:11PM

Beijing-based Pop Mart has become more valuable than US makers of Transformers and Barbie dolls or Japanese maker of Hello Kitty, after its sizzling stock debut in Hong Kong.

Chinese toymaker surpasses makers of Barbie, Transformers and Hello Kitty in value after solid Hong Kong IPO
Danke and Beike, a tale of two similarly named NYSE-listed companies with vastly different business models and fortunes

Both companies have literally lived up to their respective names. While Beike has strengthened its ‘shell’, Danke’s is crumbling like an ‘eggshell’.

10 Dec 2020 - 8:30PM

Both companies have literally lived up to their respective names. While Beike has strengthened its ‘shell’, Danke’s is crumbling like an ‘eggshell’.

Danke and Beike, a tale of two similarly named NYSE-listed companies with vastly different business models and fortunes
Australia’s AirTrunk launches Hong Kong data centre as it looks to tap demand for cloud computing services

AirTrunk has signed a 10-year lease for an industrial building in Tsing Yi housing its operations, leasing servers to major cloud services providers.

9 Dec 2020 - 11:33AM

AirTrunk has signed a 10-year lease for an industrial building in Tsing Yi housing its operations, leasing servers to major cloud services providers.

Australia’s AirTrunk launches Hong Kong data centre as it looks to tap demand for cloud computing services
New World Development seeks to tap withdrawal of double stamp duty, puts West Kowloon office tower on the market

Hong Kong conglomerate New World Development (NWD) is selling a grade A, 28-storey office building in the city’s first commercial property sale after it withdrew double stamp duty on non-residential property last month.

7 Dec 2020 - 10:34PM

Hong Kong conglomerate New World Development (NWD) is selling a grade A, 28-storey office building in the city’s first commercial property sale after it withdrew double stamp duty on non-residential property last month.

New World Development seeks to tap withdrawal of double stamp duty, puts West Kowloon office tower on the market
Hong Kong’s strict Covid-19 social distancing rule spoils mood for homebuyers, bringing streak of sell-out weekends to an end

The dismal result followed a surge in coronavirus pandemic infections in Hong Kong, which kept more potential buyers at home and away from the sales venue, sales agents said.

5 Dec 2020 - 10:46PM

The dismal result followed a surge in coronavirus pandemic infections in Hong Kong, which kept more potential buyers at home and away from the sales venue, sales agents said.

Hong Kong’s strict Covid-19 social distancing rule spoils mood for homebuyers, bringing streak of sell-out weekends to an end
Chinese developers’ spending binge on land acquisitions unabated as it triples to US$228 billion from five years ago

China’s top 20 developers invested 1.5 trillion yuan between January and September on growing their land bank, up from 500 billion yuan in 2015, report shows.

2 Dec 2020 - 11:11PM

China’s top 20 developers invested 1.5 trillion yuan between January and September on growing their land bank, up from 500 billion yuan in 2015, report shows.

Chinese developers’ spending binge on land acquisitions unabated as it triples to US$228 billion from five years ago
Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of ‘grey rhino’ risks and regulators’ ire

The buying frenzy underscores how the price ceiling – capped to prevent runaway home prices and maintain the affordability of private housing – is backfiring, as millions of jobseekers flock into Shenzhen in search of employment in the technology hub.

1 Dec 2020 - 10:54PM

The buying frenzy underscores how the price ceiling – capped to prevent runaway home prices and maintain the affordability of private housing – is backfiring, as millions of jobseekers flock into Shenzhen in search of employment in the technology hub.

Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of ‘grey rhino’ risks and regulators’ ire
Fosun targets Greater Bay Area’s ‘creative’ tourists with Thomas Cook resort on Zhuhai’s Guishan island

With the rise of a young middle class, who could be foodies, creators, trekkers and beach buffs, a more creative way of relaxing and holidaying will be in demand, says Katharine Wang, the general manager of Casa Cook.

29 Nov 2020 - 11:04PM

With the rise of a young middle class, who could be foodies, creators, trekkers and beach buffs, a more creative way of relaxing and holidaying will be in demand, says Katharine Wang, the general manager of Casa Cook.

Fosun targets Greater Bay Area’s ‘creative’ tourists with Thomas Cook resort on Zhuhai’s Guishan island
Explainer | Jumbo oysters and double shell crabs: Zhuhai is a foodie’s paradise

Seafood plays an important role for Zhuhai’s two million residents. Sitting on an estuary where the Pearl River flows into the South China Sea, the city – once know as ‘fishermen’s county’ – has access to a wide variety of marine wildlife.

17 Dec 2020 - 6:04PM

Seafood plays an important role for Zhuhai’s two million residents. Sitting on an estuary where the Pearl River flows into the South China Sea, the city – once know as ‘fishermen’s county’ – has access to a wide variety of marine wildlife.

Jumbo oysters and double shell crabs: Zhuhai is a foodie’s paradise
Property firm China Overseas Land & Investment shrugs aside Beijing funding curbs to acquire Zhuhai plot for record US$1.6 billion

Property developer China Overseas Land & Investment has shrugged aside tightening government curbs on financing to acquired a residential and commercial plot in Zhuhai for the record sum of 10.5 billion yuan (US$1.6 billion).

26 Nov 2020 - 8:47AM

Property developer China Overseas Land & Investment has shrugged aside tightening government curbs on financing to acquired a residential and commercial plot in Zhuhai for the record sum of 10.5 billion yuan (US$1.6 billion).

Property firm China Overseas Land & Investment shrugs aside Beijing funding curbs to acquire Zhuhai plot for record US$1.6 billion
China puts electric-car makers on notice in probe mentioning Evergrande, Baoneng after tightening oversight on fintech companies

China is putting the new-energy vehicle manufacturing industry under the microscope, days after shackling fintech companies and their anti-competition practices.

26 Nov 2020 - 10:00PM

China is putting the new-energy vehicle manufacturing industry under the microscope, days after shackling fintech companies and their anti-competition practices.

China puts electric-car makers on notice in probe mentioning Evergrande, Baoneng after tightening oversight on fintech companies
Cost of buying a bigger home is putting Chinese couples off having a second child, survey finds

The country’s runaway home prices may be seriously hampering Beijing’s efforts to boost fertility and reverse population decline, the survey by Ke.com Research suggests.

25 Nov 2020 - 10:44PM

The country’s runaway home prices may be seriously hampering Beijing’s efforts to boost fertility and reverse population decline, the survey by Ke.com Research suggests.

Cost of buying a bigger home is putting Chinese couples off having a second child, survey finds