CapitaLand Investment its first onshore renminbi fund in China
SINGAPORE – CapitaLand Investment (CLI) has established its first onshore renminbi fund in China as part of its asset-light strategy to grow its funds under management. The…
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China Evergrande onshore bond trading suspended after downgrade
HONG KONG – China Evergrande Group’s main unit, Hengda Real Estate Group applied on Thursday (Sept 16) to suspend trading of its onshore corporate bonds following a downgrade, as the…
Evergrande founder steps down as onshore unit chairman
BEIJING – Billionaire Hui Ka Yan has stepped down as chairman of China Evergrande Group’s onshore unit as the real estate conglomerate continues to reel from funding troubles. Hui is no…