Country Garden founder Yeung Kwok-keung (Photo by David Wong/South China Morning Post via Getty Images) South China Morning Post via Getty Images Yang Huiyan, who has cochaired property developer Coun...
Tag: Country Garden
Politburo Emphasizes Domestic Consumption As China Trade Data Gives Global Economy Thumbs Down
China Last Night KraneShares Key News While not a day that will live in infamy, Asian equities had a rough outing following the Nasdaq’s -2% drop yesterday, with the Goldman Sachs CEO’s pessimis...
PCAOB’s Finish Line, Dynamic Zero Reiterated, Alibaba & NetEase Report
China Last Night KraneShares Alibaba & NetEase Q3 Earnings Overview Alibaba (BABA US, 9998 HK) reported before the US market open this morning. Zero COVID policy continued to weigh on domestic con...
Chinese Real Estate Tycoons Gain Almost $4 Billion After Beijing Surprises Market With Sweeping Support
Wu Yajun (left), cofounder-chair of Longfor Group Holdings, and Yang Huiyan, co-chair of Country Garden. Courtesy of Longfor; courtesy of Yang Huiyan Two of China’s richest female real estate tycoons—...
Property Markets Rebound And Tencent Continues Buybacks, Week In Review
China Last Night KraneShares Week in Review Asian equities had a mixed week as the Hang Seng and Hang Seng Tech had a down week following further China lockdowns, however, Mainland markets were positi...
Billionaire Yang Huiyan’s Country Garden Warns Profit Will Plunge 70% Amid China’s Property Crisis
Country Garden’s Fengming Haishang residential development in Shanghai, China, on July 12, 2022. Qilai Shen/Bloomberg Country Garden Holdings—controlled by billionaire Yang Huiyan and her family...
Biden & Xi To Meet, Gensler Signals Progress On Audit Deal
Key News Asian equities were mostly higher overnight except for Hong Kong and Taiwan. Biden and China’s President Xi are scheduled to meet sometime in the next few days. The two leaders are apt to foc...
China’s Top Property Tycoons See Fortunes Drop $30 Billion With Even More Losses Expected
Hui Ka Yan, Yang Huiyan and Sun Hongbin have all seen their fortunes tumble this year. Bloomberg The days of property moguls dominating China’s wealth rankings appear to be at an end. Beijing’s campai...