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Yulu Ao
Reporter, Business
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Earlier this month, developer released its first proposal to restructure as much as US$11.6 billion in liabilities.
Sunac and Shimao have received new liquidation petitions, while Country Garden and Times China face court hearings this month.
Analysts see destocking as a priority for Chinese authorities to stem another year of decline in home prices.
A hearing on the matter has been scheduled for March 19.
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The Swiss bank expects the city’s benchmark index to rise above 20,000 by year-end, implying a gain of 3.7 per cent from Wednesday’s close.
The Department of Defense added Tencent, CATL and dozens of firms as ‘Chinese military companies’ in register, stoking steep losses.
Stocks added to losses in the opening week of 2025 as reports showed Chinese manufacturing growth cooled last month.
China’s property market shows signs of recovery, with rising home sales in major cities, boosting hopes for stabilisation in 2025.
Little respite for troubled developers as home sales remain in the doldrums, funding constraint persists.
Rental yields are expected to rise on the back of robust demand from the city’s new inhabitants and reduced borrowing costs.
Buyers are attracted to UAE city’s attractive rental yields and golden visa programme.
Tencent advances 2.7 per cent on move to introduce a gifting tool on its WeChat platform; chipmaker SMIC jumps 8.2 per cent.
Federal Reserve’s hawkish forecast for just two rate cuts next year dampens sentiment.
China’s state assets watchdog also included proposals on M&As, market-oriented reforms, information disclosure and stock buy-backs.
Sentiment among traders has been in the doldrums since late last week and gains made from a brief rebound have been erased.
China’s retail sales growth in November misses analysts’ estimates, while property investment slows further.
Bullish signals emerge in hot ‘off-season’ secondary home sales in November, tax incentive in December.
Swire Properties said 94 per cent of the units at a residential project in Shanghai were sold.
Company will square off again with creditors in Hong Kong on January 20 over its debt obligations.
Dozens of politicians including several former chief executives and business leaders honour the real estate and casino magnate.
China Overseas Land and Investment and China Resources Land snap up 263,000-square-metre parcel in Nanshan district.
Macau government officials including Elsie Ao Ieong and Jose Maria da Fonseca Tavares were among those gathered to honour Lui’s life.
Secondary home prices increased 0.62 per cent in October.
Analysts expect momentum to improve further in 2025 as more professionals enter the city and people keep putting off home purchases.
Developer is focused on liability management following a management shake-up in September to steady the ship, chairman Henry Cheng says.
Homeowners will not have to pay value-added tax when reselling their property after two years.
The capital of southern Guangdong province is saddled with 13.2 million square metres of unsold homes, which will require 22 months to clear.
Robust sales in October have depleted supply, with many cities to experience a 20 per cent drop on average in November, research institute says.
Prices across 70 cities fell for the 17th month in October, but at a slower pace, suggesting support measures may be stabilising the market.
Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.
