https://www.scmp.com/rss/198862/feed China Resources Land is a property development company and a unit of the state-owned conglomerate China Resources Group. It focuses on developing and managing residential and investment properties in major cities in mainland China, including in Beijing, Shanghai, Shenzhen and Wuhan. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yulu Ao Yulu Ao Hong Kong stocks fell on Friday on the first trading day of the Year of the Horse, led by tech heavyweights, with escalating tensions between the US and Iran hurting sentiment. The Hang Seng Index closed 1.1 per cent lower at 26,413.35, after the market reopened following a three-day holiday for the Lunar New Year. The Hang Seng Tech Index dropped 2.9 per cent. Mainland China’s bourses are closed this week and will reopen on Tuesday. E-commerce major Alibaba Group Holding slumped 4.9 per cent to... https://www.scmp.com/business/china-business/article/3344062/hong-kong-stocks-fall-market-reopens-after-3-day-lunar-new-year-holiday?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344062/hong-kong-stocks-fall-market-reopens-after-3-day-lunar-new-year-holiday?utm_source=rss_feed Fri, 20 Feb 2026 02:04:32 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday following Wall Street’s retreat as renewed concerns about the artificial intelligence sector and lacklustre US jobs data prompted investors to pull back from riskier assets after a brief Nvidia-led rally. The Hang Seng Index closed 2.4 per cent lower at 25,220.02, taking the loss for the week to 5.1 per cent, the worst since April 11, when US President Donald Trump’s tariff war rattled the market. The Hang Seng Tech Index fell 3.2 per cent. On the mainland, the... https://www.scmp.com/business/china-business/article/3333619/hang-seng-index-set-cap-worst-week-april-ai-bubble-fears?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333619/hang-seng-index-set-cap-worst-week-april-ai-bubble-fears?utm_source=rss_feed Fri, 21 Nov 2025 02:20:54 +0000 Yulu Ao Yulu Ao Chinese developer China Resources Land (CR Land) plans to raise more than HK$2 billion (US$260 million) by selling a 2.17 per cent stake in its property-management arm, China Resources Mixc Lifestyle Services, through a discounted share placement. CR Land agreed to place 49.5 million shares of CR Mixc Lifestyle at HK$41.70 each, according to a filing to the Hong Kong stock exchange on Thursday. It represented a 9.58 per cent discount to the subsidiary’s last closing price of HK$46.12, and a 1.3... https://www.scmp.com/business/china-business/article/3332582/china-developer-cr-land-seeks-us260-million-stake-sale-property-services-arm?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3332582/china-developer-cr-land-seeks-us260-million-stake-sale-property-services-arm?utm_source=rss_feed Thu, 13 Nov 2025 04:20:41 +0000 Cheryl Arcibal Cheryl Arcibal China’s real estate investment trust (C-Reit) is poised to grow by 30 times to become a US$1 trillion industry in the next 20 years – a transition borne out of several factors, including declining home sales – which is expected to benefit select mainland developers, according to Morgan Stanley. Following 25 years of property growth, primarily focused on the residential segment, mainland developers are increasingly weaning off from building projects that would yield one-time profits, the US... https://www.scmp.com/business/china-business/article/3331828/chinas-reit-grow-us1-trillion-developers-shift-strategy-morgan-stanley?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331828/chinas-reit-grow-us1-trillion-developers-shift-strategy-morgan-stanley?utm_source=rss_feed Fri, 07 Nov 2025 00:30:09 +0000 Yuke Xie Yuke Xie China’s embattled property market is showing signs of a tentative recovery, as some developers posted stronger earnings and reduced losses, supported by government stimulus measures and recovering consumption. China Resources Land’s first-half net profit increased by 16.2 per cent from last year to 11.9 billion yuan (US$1.66 billion), according to the state-owned developer’s statement on Wednesday. Sales rose 20 per cent to 94.9 billion yuan. Sunac, one of China’s largest privately owned... https://www.scmp.com/business/article/3323304/cr-land-sunac-post-better-interim-results-chinas-property-shows-signs-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3323304/cr-land-sunac-post-better-interim-results-chinas-property-shows-signs-recovery?utm_source=rss_feed Wed, 27 Aug 2025 07:00:08 +0000 Salina Li Salina Li Two property developers are in discussions with the Hong Kong government to pay lower-than-market premium for land parcels in the Northern Metropolis, a priority megaproject for the authorities to spur the city’s economic growth. New World Development (NWD) and China Resources Land are finalising talks to pay between HK$1,500 and HK$1,600 per square foot for two plots in Yuen Long, for a total estimated at more than HK$2 billion (US$254.8 million), according to a source close to the matter. The... https://www.scmp.com/business/article/3321023/nwd-china-resources-land-pay-reduced-premium-northern-metropolis-project?utm_source=rss_feed https://www.scmp.com/business/article/3321023/nwd-china-resources-land-pay-reduced-premium-northern-metropolis-project?utm_source=rss_feed Thu, 07 Aug 2025 02:47:34 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks started the week on a solid note on Monday, as the benchmark gauge ended a four-day streak of declines on hopes that a worsening US job market would lead to an interest-rate cut and leave more room for China to ease its monetary policy to bolster growth. The Hang Seng Index rose 0.9 per cent to 24,733.45 at the close. The Hang Seng Tech Index gained 1.6 per cent. On the mainland, the CSI 300 Index climbed 0.4 per cent, and the Shanghai Composite Index added 0.7 per cent. New... https://www.scmp.com/business/china-business/article/3320626/hong-kong-stocks-snap-4-day-decline-us-jobs-data-fuels-fed-rate-cut-bets?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320626/hong-kong-stocks-snap-4-day-decline-us-jobs-data-fuels-fed-rate-cut-bets?utm_source=rss_feed Mon, 04 Aug 2025 02:31:30 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rebounded on Thursday as investors awaited signals on additional policy support from Beijing as the end of the 90-day tariff ceasefire with the US neared and after China’s deflation deepened. The Hang Seng Index rose 0.6 per cent to 24,028.37 at the close and the Hang Seng Tech Index dropped 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both climbed 0.5 per cent. Sunny Optical Technology advanced 6.1 per cent to HK$75.45 and BYD Electronic... https://www.scmp.com/business/china-business/article/3317616/hong-kong-stocks-waver-investors-await-details-policy-support-beijing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3317616/hong-kong-stocks-waver-investors-await-details-policy-support-beijing?utm_source=rss_feed Thu, 10 Jul 2025 02:24:08 +0000 Aileen Chuang Aileen Chuang Hong Kong stocks dropped on Friday as rising geopolitical tensions dimmed investor appetite for risk assets. The Hang Seng Index fell 0.6 per cent to 23,892.56, though it notched a small gain of 0.4 per cent for the week following a temporary de-escalation of US-China trade tensions. The Hang Seng Tech Index fell 1.7 per cent. On the mainland, the CSI 300 Index dropped 0.7 per cent and the Shanghai Composite Index retreated 0.8 per cent. Sino Biopharmaceutical pared its Thursday gains by falling... https://www.scmp.com/business/markets/article/3314243/hong-kong-stocks-fall-slightly-rising-geopolitical-tensions?utm_source=rss_feed https://www.scmp.com/business/markets/article/3314243/hong-kong-stocks-fall-slightly-rising-geopolitical-tensions?utm_source=rss_feed Fri, 13 Jun 2025 02:29:00 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rose for a third day on Thursday, the longest winning streak in four weeks, after a private report on China’s services industry allayed concerns that the economic recovery has stalled. The Hang Seng Index closed 1.1 per cent higher at 23,906.97, a level not seen since March 20. The three-day, 3.2 per cent advance is the longest since May 12. The Hang Seng Tech Index gained 1.9 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both rose 0.2 per... https://www.scmp.com/business/china-business/article/3313107/hong-kong-stocks-rise-third-day-chinas-services-pmi-beats-expectations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3313107/hong-kong-stocks-rise-third-day-chinas-services-pmi-beats-expectations?utm_source=rss_feed Thu, 05 Jun 2025 02:26:02 +0000 Aileen Chuang Aileen Chuang Hong Kong homebuyers’ sentiment was mixed over the weekend as the city’s tepid property market awaits more supportive measures in the coming budget. China Resources Land (Overseas) and Poly Property sold five of the 136 flats offered at Pano Harbour in Kai Tak, the site of the city’s former airport, as of 5pm on Sunday, according to agents. New World Development (NWD) sold five of the 20 units in the third round of sales at State Pavilia in North Point. On Saturday, Kerry Properties sold all 250... https://www.scmp.com/business/article/3299803/hong-kong-developers-find-few-takers-flats-sale-buyers-await-budget-stimulus?utm_source=rss_feed https://www.scmp.com/business/article/3299803/hong-kong-developers-find-few-takers-flats-sale-buyers-await-budget-stimulus?utm_source=rss_feed Sun, 23 Feb 2025 09:51:24 +0000 China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted another profitable year in 2023, extending its streak through all crises since at least 1997. Earnings at the nation’s fourth-largest developer rose 11.7 per cent to 31.4 billion yuan (US$4.4 billion) compared with 2022, according to a filing with the Hong Kong stock exchange on Tuesday. “In 2024, although the property market will... https://www.scmp.com/property/article/3256742/china-resources-land-posts-117-profit-increase-sees-stability-ahead-property-sector-thanks-policy?utm_source=rss_feed https://www.scmp.com/property/article/3256742/china-resources-land-posts-117-profit-increase-sees-stability-ahead-property-sector-thanks-policy?utm_source=rss_feed Tue, 26 Mar 2024 06:00:12 +0000 Mainland developer China Resources Land says its property sales fell slightly this month after the central government further tightened curbs on the housing market. CR Land posted a 30 per cent increase in net profit last year to HK$10.57 billion, after taking into account a HK$4 billion revaluation gain on investment properties. Given the impact of the central government's new measures announced on March 1, chairman Wang Yin said daily contract sales were 180 million yuan (HK$224 million) in... https://www.scmp.com/business/companies/article/1191902/cr-lands-sales-fall-wake-tighter-curbs?utm_source=rss_feed https://www.scmp.com/business/companies/article/1191902/cr-lands-sales-fall-wake-tighter-curbs?utm_source=rss_feed Fri, 15 Mar 2013 16:00:00 +0000 Hong Kong stocks may open higher after data showed that manufacturing rose further in November month-on-month, adding another proof that the Chinese economy is bottoming out. The November Purchasing Managers Index released by China's statistic bureau rose to 50.6 from 50.2 in October. "We expect improving fundamentals including rising PMI and earnings growth to support prices of China-related stocks, commodities and currencies," Lu Ting, Bank of America-Merrill Lynch economist, said in a note to... https://www.scmp.com/business/money/stock-talk/article/1096283/market-openhong-kong-stocks-seen-higher-china?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/1096283/market-openhong-kong-stocks-seen-higher-china?utm_source=rss_feed Mon, 03 Dec 2012 00:30:54 +0000 Beijing credit curbs hurt mainland firms Hong Kong developers such as Sun Hung Kai Properties are seizing the advantage from their mainland rivals whose land bank acquisitions are being constrained by Beijing's tightened credit policies. With no competition, Sun Hung Kai Properties won a 12.1 million square foot commercial-residential site in Chengdu at the opening bid of 3.11 billion yuan. 'The austerity measures and tightening bank loans have severely hit developers that have less capital,'... https://www.scmp.com/article/620125/developers-hk-cash-restraints?utm_source=rss_feed https://www.scmp.com/article/620125/developers-hk-cash-restraints?utm_source=rss_feed Tue, 18 Dec 2007 16:00:00 +0000 Firm wins first six plots auctioned from new business district Red-chip developer China Resources Land has acquired six sites in Wuhan for about 2.7 billion yuan. The developer won the mixed-use sites yesterday at a land auction of the first batch of sites in the new central business district of Wuhan, the capital of Hubei province. With a total area of 174,100 square metres, they provide a gross floor area of 433,700 square metres, of which more than 60 per cent is for residential use. The... https://www.scmp.com/article/609242/china-resources-unit-buys-wuhan-sites-27b-yuan?utm_source=rss_feed https://www.scmp.com/article/609242/china-resources-unit-buys-wuhan-sites-27b-yuan?utm_source=rss_feed Tue, 25 Sep 2007 16:00:00 +0000 Developer, parent on 10b yuan buying spree China Resources Land, a Hong Kong-listed red-chip developer, plans to spend about five billion yuan on land acquisitions this year, similar to its budget last year, betting that the market will continue to rise despite the government's austerity measures. Managing director Wang Yin yesterday said the company's parent, China Resources (Holdings), would also spend five billion yuan, taking the group's total spending to about 10 billion yuan this year... https://www.scmp.com/article/595582/cr-land-looks-new-land-purchases?utm_source=rss_feed https://www.scmp.com/article/595582/cr-land-looks-new-land-purchases?utm_source=rss_feed Mon, 04 Jun 2007 16:00:00 +0000 China Resources Land, a red-chip housing developer whose shares have outperformed the Hang Seng Index this year, is raising as much as US$513 million from a share placement to fund acquisitions and add to its land bank. The company, which is joining a long list of firms selling shares as the Hong Kong market climbs to record highs, is offering investors an indicative range of HK$9.81 to HK$10.02 per share, according to a term sheet sent to investors. That represents a 4 per cent to 6 per... https://www.scmp.com/article/591993/cr-land-taps-market-us513m-placing-shares?utm_source=rss_feed https://www.scmp.com/article/591993/cr-land-taps-market-us513m-placing-shares?utm_source=rss_feed Mon, 07 May 2007 16:00:00 +0000 Property developer China Resources Land said it spent 893 million yuan for a 640,000 square metre plot in Chengdu, Sichuan province, on which it plans to build housing units for middle- and high-income customers. The land was in the city's high technology zone, the company said yesterday. Demand for residential property was expected to grow because of the increasing number of big companies locating facilities in the zone, it said. The average price is 5.1 million yuan per mu, or 667... https://www.scmp.com/article/558803/cr-land-acquires-chengdu-plot?utm_source=rss_feed https://www.scmp.com/article/558803/cr-land-acquires-chengdu-plot?utm_source=rss_feed Tue, 01 Aug 2006 16:00:00 +0000 China Resources Land, a Hong Kong-listed developer on the mainland, has said its residential sales to date had reached 64 per cent of its target for this year, and that new government measures to cool the property sector would have little impact on the firm. The red-chip company, which derived more than 60 per cent of its property sales from Beijing last year, said the average price of new residential projects it sold in the capital rose 5 per cent to 10 per cent year on year in the first... https://www.scmp.com/article/550056/cr-land-sees-surge-sales?utm_source=rss_feed https://www.scmp.com/article/550056/cr-land-sees-surge-sales?utm_source=rss_feed Tue, 23 May 2006 16:00:00 +0000 China Resources Land has secured the rights to develop three sites in mainland cities after facing almost no competition in public auctions because government measures to cool the economy have cut off smaller rivals' access to loans. The government-backed developer has spent 600 million yuan for land in three cities - Beijing, Wuhan and Hefei - on which to develop top-end residential projects. Managing director Wang Yin said reduced competition from rivals was helping drive down land... https://www.scmp.com/article/471155/china-resources-lands-key-sites-credit-crunch-sidelines-rivals?utm_source=rss_feed https://www.scmp.com/article/471155/china-resources-lands-key-sites-credit-crunch-sidelines-rivals?utm_source=rss_feed Mon, 20 Sep 2004 16:00:00 +0000