Clare Jim
Senior Correspondent at Reuters
Reuters China property correspondent, ex banking and technology reporter. Views here are mine.
Articles
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3 weeks ago |
reuters.com | Clare Jim
Gaw Capital targets UAE, Saudi Arabia for investmentsFirm plans separate investment vehicle for Middle EastGaw raising $2 billion fund for Asia Pacific private equity and creditHONG KONG, June 4 (Reuters) - Gaw Capital plans to bolster investments in the Middle East, its top executive said, as the Hong Kong-based multi-asset investment manager looks to tap into the post-COVID boom in the region's real estate and other industrial sectors.
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3 weeks ago |
japantimes.co.jp | James Pomfret |Clare Jim
Hong Kong's leader John Lee said on Tuesday that China's recent removal of its top representative in the city, known for his hard-line policies on national security, had been a "normal" personnel change. In a surprise development, China announced late on Friday that Zheng Yanxiong, the director of China's Liaison Office in Hong Kong — Beijing's main representative office in the city with powerful oversight over local affairs — had been "removed" from his post.
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3 weeks ago |
reuters.com | James Pomfret |Clare Jim
Zheng Yanxiong, director of China's Hong Kong Liaison Office, speaks during the National Security Education Day opening ceremony in Hong Kong, China April 15, 2024.
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3 weeks ago |
gurutrade.com | Clare Jim |Donny Kwok |Edwina Gibbs
Shares plunge 7.5%, bonds also sold off Coupon payments on four perpetual bonds due in June deferred It is the second HK property developer to defer perpetual bond coupon payments HONG KONG, June 2 (Reuters) - New World Development, a major Hong Kong property developer, saw its shares and bonds tumble on Monday after announcing it would defer coupon payments on its perpetual bonds, increasing concerns about its liquidity.
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3 weeks ago |
marketscreener.com | Clare Jim
Published on 06/01/2025 at 21:53, updated on 06/02/2025 at 02:25 HONG KONG (Reuters) -New World Development, a major Hong Kong property developer, saw its shares and bonds tumble on Monday after announcing it would defer coupon payments on its perpetual bonds, increasing concerns about its liquidity. The market has been watching whether New World's debt woes might be a harbinger of a sector crisis similar to the one in mainland China that started in 2021.
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Sunac China has informed some of its dollar creditors it is unlikely to meet a September bond maturity deadline, sources said, as weak sales raise the prospects for a new round of offshore debt restructuring in the property sector https://t.co/GtvW9GQ4ul
RT @ReutersChina: WIDER IMAGE - Hong Kong struggles to improve conditions in tiny, crowded homes https://t.co/ZvEhUJDQzY
"Compared to 'Sunac time', the environment is very different, hence the terms have to be very different," said a developer in restructuring talks. "We don't use Sunac as a template. It's not achievable." https://t.co/jTS5JboNYm
