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BEIJING: China's southern megacities of Guangzhou and Shenzhen are the latest centres to impose new measures to cool their overheated real estate markets, including higher mortgage downpayments and home purchase restrictions.
SHANGHAI: Citic Securities Co signed a preliminary agreement to buy smaller rival Guangzhou Securities, the latest in a series of acquisitions by China’s largest brokerage.
GUANGZHOU: Volkswagen Group said on Thursday it plans to spend 10 billion euros (US$11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.
HONG KONG: Once the leader of the elite group of developers known as the "Five South China Tigers", Guangzhou R&F Properties gradually became overshadowed by bigger beasts, but it's now back in focus even as many rivals shy from the limelight.
Malaysia Airlines Cargo Sdn Bhd (MASkargo) announced that its Northern Winter 2006 freighter schedule will cover two new destinations, Malpensa in Italy and Guangzhou in China.
HONG KONG: Shares in Guangzhou R&F Properties and Sunac China rallied to record highs on Thursday on an restructured property deal with Dalian Wanda Group that is expected to benefit all parties.