Seems they were given 10 days to destroy 39 'illegal' buildings - rather than selling them to raise cash...
https://www.cls.cn/detail/907064
Seems they were given 10 days to destroy 39 'illegal' buildings - rather than selling them to raise cash...
https://www.cls.cn/detail/907064
https://ca.finance.yahoo.com/news/sh...011422846.html
39 of what value versus total?
seems very determined for these buildings to be demolished, but no mention of the environmental impact.....the company is now ordered to demolish the above-mentioned illegal buildings within 10 days. If the demolition is not overdue, the law enforcement bureau will organize the demolition in accordance with the law. The reporter verified that the document was true.
Any light at the end of the tunnel yet?
Apart from the oncoming train?
Great location - but looks like the usual cluster of towers they are putting up everywhere.
https://youtu.be/KzqWphqVmE0
Slight issue with risks at some banks..
https://ph.news.yahoo.com/worlds-wor...-054243956.htmMinsheng has about 130 billion yuan (US$20 billion) of exposure to high-risk developers, amounting to 27% of its so-called tier-1 capital, the most among big Chinese lenders, Citigroup Inc. analysts estimated in a September research report. The bank will need years to work through its bad debt problem and a capital injection from a stronger rival can’t be ruled out, said Shen Meng, director at Chanson & Co., a Beijing-based boutique investment bank.
“The pursuit of high growth and returns to its private shareholders pushed the bank to take on lots of high-risk investments,” Shen said.
chairman planned to build huge mansion in Hong Kong
https://twitter.com/Tabby_Kinder/sta...45632298627073
Saw that last night on the FT but kept looking for another source to validate this.. As the headline conflicts from the text of the article.
Seizes vs Taking Steps... If I read this correctly.