Asia's richest woman loses half her wealth in China property crisis

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

BEIJING: Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday (Jul 28). Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52

BEIJING: Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday .

Yang inherited her wealth when her father - Country Garden founder Yang Guoqiang - transferred his shares to her in 2005, according to state media. Buyers across the country, furious at lagging construction and delayed deliveries of their properties,

Source: Real Estate Daily Report (realestatedailyreport.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China, Indonesia hail 'win-win' cooperation after rare Beijing summitBEIJING - The leaders of China and Indonesia pledged to scale up trade and expand cooperation in areas such as agriculture and food security, following a rare visit to Covid-wary China by a foreign head of state. Indonesian President Joko Widodo met Chinese President Xi Jinping and Premier Li Keqiang in Beijing on Tuesday (July 26). China last hosted foreign...
Source: asiaonecom - 🏆 10. / 59 Read more »

US accuses China of increased South China Sea 'provocations'
Source: STForeignDesk - 🏆 4. / 71 Read more »

MAS, Google Cloud team up to drive climate financing solutions in AsiaSINGAPORE: Singapore's central bank and Google's cloud computing platform are teaming up to drive the growth of technology-enabled financing for climate solutions in Asia over the next three years. The Point Carbon Zero Programme, launched by the Hope got no data breaches ah PranavPutcha
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US solar company plans panel factory in Panama to challenge AsiaA small U.S. solar company with no manufacturing experience on Tuesday announced plans to open a solar panel factory in Panama to help the American industry reduce its reliance on Chinese-made goods.Universal Solar America LLC, an Arizona company that helps solar project developers procure panels, said it
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Gamescom asia returns to Singapore, this time with a physical Entertainment ZoneUnlike last year's, 2022's gamescom asia will also feature a physical Entertainment Zone for the first time. Who are the announced companies involved in this?
Source: YahooSG - 🏆 3. / 71 Read more »

Rising rates to cushion impact on Asia banks from slowing economiesSINGAPORE : Asia-focused lenders HSBC, Standard Chartered and their Southeast Asian peers such as DBS are set to report an improvement in second-quarter net interest income, a key source of revenue, benefiting from higher interest rates.But analysts warn that rising credit impairments and weak financial m
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »