2016-03-17

Li Ka-shing Sees China's Whole Property Market; More Outflows

“As a developer, I don’t think housing prices are surging too much in mainland China,” said Li, who spoke on Thursday at a press briefing accompanying earnings for CK Hutchison Holdings Ltd. and Cheung Kong Property Holdings Ltd. “People might have seen prices jump in one or two projects in Shenzhen, but in other Chinese cities, it probably only rose by less than 10 percent.”
Bloomberg: Billionaire Li Ka-shing Says China Property Prices `Reasonable'

A side benefit is he doesn't draw the ire of the Chinese establishment.

Elsewhere, another foreign investment deal.
Midea, based in the southern Chinese city of Foshan, is seeking acquisition targets as part of its global expansion plan, Vice President Yuan Liqun said March 13. It’s seeking deals that can help it improve its technology, brand and global distribution channels so it can become more competitive, and the manufacturer has about 70 billion yuan ($10.8 billion) in cash and notes receivable, she said.
Bloomberg: China's Midea Buys Majority of Toshiba's Home Appliance Business

No comments:

Post a Comment