Hong Kong Firms Turn On the Charm Ahead of Shenzhen Investment Link.
Shenzhen
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The authorities expect more easing measures to help reducing home inventory excess. Developers are also encouraged to change marketing rules and reduce home prices as China's property investment growth hit the lowest rate since 2009.
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When Xi Jinping wanted to deliver a political message to Hong Kong as protesters demanding free elections were threatening to take to the streets, he summoned the tycoons who dominate the city’s economy.
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San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.
Tencent Holdings Ltd, the biggest Internet firm in Asia, invested an unconfirmed amount in China-based cab booking app Didi Taxi to promote its payment service to mobile web users.
China-based construction equipment manufacturer Zoomlion Heavy Industry Science & Technology Co has bought Germany-based dry mortar equipment producer M-Tec, according to a statement on the company's website.
Land auction for the economic zone in Shenzhen failed to draw property developers from Hong Kong.
China Resources Land Ltd bagged the right to buy a commercial site in Shenzhen for USD 1.8 billion.
China-based developer is set to spend CNY 12 billion for a development in Qianhai thus becoming Shenzhen's biggest investor.
Excellence Real Estate Group Ltd acquired two commercial sites in Shenzhen's Qianhai special zone.
Investors are snapping up property near a proposed $45 billion business zone in the Chinese boom town of Shenzhen.
