Greentown China Holdings has seen a slowdown in its traditional stronghold markets of Shanghai and Zhejiang in the second half. Photo: AP

As home sales soften, Chinese developers look to insurance services to foster stable revenue

  • Hong Kong-listed developer Greentown China Holdings will spend 2.72 billion yuan (US$390 million) to acquire a 11.55 per cent stake in Aeon Life Insurance
  • Greentown’s effort to diversify into insurance follows a downturn in home sales during the second half
Topic |   China property

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Greentown China Holdings has seen a slowdown in its traditional stronghold markets of Shanghai and Zhejiang in the second half. Photo: AP
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