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Zheng Yangpeng
Zheng Yangpeng
Beijing
Reporter, Business
Zheng Yangpeng is a former business reporter at the Post, covering China property, banking and finance. He previously worked for China Daily, joining the Post in 2016. He holds a Bachelor's Degree in Journalism and Communication from Peking University, and a Master's Degree in Global Business Journalism from Tsinghua University.

The latest tightening in funding might drive a fresh round of consolidation among mainland Chinese property developers, with an acceleration in acquisition of land and assets by the biggest players, analysts said.

The bout of restrictions comes ahead of a meeting - typically at the end of July - by the Communist Party’s all-powerful political bureau, or Politburo, which is expected to set the tone for the country’s property industry.

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The Chinese developer was engulfed in scandal three weeks ago when its billionaire chairman Wang Zhenhua was detained on suspicion of molesting a nine-year-old girl

In a first, more Chinese companies have made it to Fortune magazine’s list of the world’s top 500 firms this year, than from the US. A total of 129 companies, including 10 from Taiwan, were ranked among the world’s biggest firms by operating revenue, according to a list released on Monday.

Moody’s estimates that more than 280 billion yuan of trust assets, 1.26 per cent of the sector’s total, faced ‘default and repayment risks as of March

Latest scandal involving Wang Zhenhua, the controlling shareholder of Future Land, shows how investors end up paying a heavy price for the mistakes of executives synonymous with their companies.

Chinese conglomerate Dalian Wanda Group said on Wednesday it had formally signed an operational agreement to develop a high-end hospital in partnership with the University of Pittsburgh Medical Centre in Chengdu.

As local governments in cities such as Beijing, Shenzhen and Chengdu crack down on price increases by rental apartment operators, prices have stayed in check this summer.

Five residential sites with a combined 170,273 square metres (1.8 million sq ft) of land were sold for a combined 22.38 billion yuan, 45 per cent more than the government’s reserve.

Sun Hung Kai Properties and New World Development together sold nearly 88 per cent of the 258 flats on offer in two districts across Hong Kong, a robust sales result that reversed nearly three weeks of drubbing in the city’s real estate industry.

Some 800,000 people, out of the 1.15 million who were eligible to buy property in Xian under the previously relaxed rules, will now have to wait a bit longer after new policies were introduced to cool runaway housing prices.

The office segment remained the most popular sector in China, while in Hong Kong funds mainly targeted office buildings in prime districts or prime emerging central business districts, or community-level shopping centre portfolios.

Land prices in the manufacturing hub have soared as builders have used increasingly aggressive bidding tactics to get a foothold in the Greater Bay Area

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