China’s Didi Takes Risky Road By Issuing First Asset Backed Securities

Chinese car-hailing start-up Didi Chuxing announced that it has gained approval from the Shanghai Stock Exchange (SEE) to issue RMB10 billion (US$1.58 billion) in asset-backed security (ABS) products to fund its supply chain. The move, the first of its kind in China, marks a new and possibly risky way for Didi, and other companies, to expand their business.

China’s HNA Group Selling $2B Hong Kong Properties To Cut Debt Burden

China’s embattled  HNA Group is again selling assets to pay down its debt burden. In a statement to the Hong Kong stock exchange Tuesday, HNA unit Hong Kong International Construction Investment Management Group Co Ltd said  it will sell two Hong Kong properties to Henderson Land Development Co Ltd for HK$16 billion (US$2 billion).

Tencent, Suning, JD.Com And Sunac To Invest $5.4B In Dalian Wanda Commercial In Retail Offensive

Tencent Holdings Ltd. has teamed up with investors including Suning Holdings Group, long-time partner JD.com Inc. and Chinese property developer Sunac China Holdings Group to acquire around 14% of Dalian Wanda Commercial Properties Co. for approximately RMB34 billion (US$5.4 billion), the Chinese social networking and gaming giant said today.

China’s Dalian Wanda, HNA May Stage Fire Sale To Balance Books

The great unwinding has begun. Driven by overstretched balance sheets and a government crackdown on lavish overseas spending, China’s two biggest corporate shoppers, Dalian Wanda Group and HNA Group, are set to go on a selling spree. And early indication are that we are about to see a fire sale. Speaking Monday as his company announced results, Wang Jianlin, CEO of Dalian Wanda said the company he heads "will resort to every financial tool to reduce debt, including the disposal of …

Chinese Outbound Real Estate Investment Fell 51% To Four-Year Low

Chinese outbound real estate investment fell 51% to US$2.5 billion in the third quarter, the lowest total in 14 quarters since the fourth quarter in 2013, amid new outbound investment restrictions and investor caution prior to the 19th Party Congress meetings in Beijing, according to a report released by Cushman & Wakefield.